Buying a car with bad credit?

Have a real bad credit (510) and i want to buy a car, does anyone have an idea on any company that can finance. Even with bad credit.

Buying a car with bad credit?

Look for a run down dealership in a bad neighborhood, I am sure they would be happy to sell you something. They will probably ask for considerable down payment and charge 15+ percent interest, because with a 510 you will be considered a huge risk. Good Luck

Buying a car with bad credit?

either it will be high interest, or it might take a co-signer

Buying a car with bad credit?

Your best bet is to go in with a nice chunk of money to put down or a car to trade in, and have a co-signor standing by.

Buying a car with bad credit?

try driverloans.com, eloan.com. the interest might be high or you might need a co-signer, but it beats paying a large down payment and you can always refinance in 6 months

Buying a car with bad credit?

try household finance.

Buying a car with bad credit?

As a finance manager for a large new car dealership, I would recommend going to a large new car dealership near you that sells the type of car you want new. Tell them your situation, and ask what they have to offer you. Most likely you will need to be flexible. You can probably get an entry level new car or the right used vehicle. (ex. a new Ford Focus, Hyundai Elantra, Chevy Cobalt, Dodge Neon) Reason being, the manufacturer will most likely have a nice aggressive rebate available for their entry level models, that when combined with some money down from you will put the bank in a good position in the vehicle.

Buying a car with bad credit?

Credit has always been an important factor when buying a car but there are more and more lenders now have special finance program for customer who has less than perfect credit.

Due to the slow market, most car dealers will work extra hard to get you approved as long as you have job.

We would suggest you to shop on the interest rates first before selecting a vehicle, here are some good lenders who can help you through the process:

https://www.harborcredit.com/partners/Au...

http://www.capitaloneautofinance.com/Pub...