After a medical emergency my downpayment is gone. I need a car within the next week. Where can I get an auto loan with a low down payment?
Where can I get an auto loan with less than $500 down with bad credit?
Try one of those "BUY HERE, PAY HERE" places. They typically don't check credit, and do in-house financing. The downfall to this, is that some (most) don't report to your credit report. With $500 down you should be able to get into something, as long as you have a paying job.
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Reply:if your credit is bad - expect a high interest rate
Reply:There are a huge number of banks that deal with auto loans for people with challenge credit. The two best choices are:
1. Go to a very large dealership that advertises that they help people with credit problems. A large dealership will normally have more banks they work with, more talented leading specialist on staff, and stronger relationships with the banks. (There are exceptions to this rule of thumb.)
2. Put down a large down payment. The more money you put down, the more likely the bank is to give you the loan.
Also, note two additional things:
1. Depending on current rebate offers, a new car may be easier to finance with a lower payment and lower down payment for you.
2. Some credit unions are wonderful for people with credit issues.
My advice is to find a dealer you feel comfortable doing business with. Believe it or not, there are honest auto dealers and honest car salespeople. Try to find one you instinctively feel good about. Generally, you will get the best deal from a "good person".
For car loan quote
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http://www.loansandinsurances.com/
Reply:go here: http://www.aquagarage.com/nred.asp?cida=...
they specialize in providing loans to people with bad credit
Reply:If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut-throat competition amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child’s tuition fees.
http://loan--house.blogspot.com/
Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates.
http://badcreditloans.50webs.org/badcred...
Reply:I saw where a company helps to improve your score then lend you the money. They have an 80% approval rate. The ad was at: http://www.jensden.com/g.o/autoprt
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