Mar 10 2010

auto loan with bad credit?

i found the mustang of my dreams its only 15000 dollars but my parents cant get a loan because they have bad credit this is because they own a business and my dad made alot of bad decisions with his credit card. my dad is currently paying for my truck which was 13000 and he got that loan approved and hes been making payments on time since we bought the truck. i was wondering if anyone knows any loaners or banks that understand this unique situation and would be willing to give my parents a loan. i know there are companys that give u loans if u have bad credit but they choose your dealer for you and i found this mustang at a dealership that doesnt provide financing.

11 Comments on this post

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  1. Mario said:

    Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carinsurance.yoll.net

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    March 10th, 2010 at 7:15 pm
  2. randy e said:

    You’re out of luck I think. Your parent’s debt to income level is too high, that’s why he can’t get a new loan. It’s not anything against him, so don’t get upset, anyone with a regular job would have a problem pulling this off.

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    March 10th, 2010 at 7:15 pm
  3. Hansy said:

    hello
    fastautolending is committed to locating the lowest rate auto financing that’s right for you, from their network of good lenders located across the country. Apply for your next car loan from the comfort and privacy of your own home by filling out the quick auto finance application and get immediate assistance! They have loans for every budget and you will be please with their fast and friendly service
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    March 10th, 2010 at 7:15 pm
  4. Mariano C said:

    It seems that all loans have been difficult to get in this econonmy. The websites places are fast and I have heard the are more flexible.

    Ive been told this site is good http://auto.deal4-you.com

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    March 10th, 2010 at 7:15 pm
  5. God is Great said:

    I am Mrs Vanilla Pam,currently living in New florida,USA.I am a widow at the moment with three kids and i was stuck in a financial situation by may 2009 and i needed to refinance and pay my bills.I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit.But as God would have it,i was introduced to a man of God a private loan lender by name Mr Lacus Robinson who gave me a loan of $75,000USD and today am a business owner and my kids are doing well at the moment.So dear,if you must contact any firm with reference to securing a loan with low interest rate of 3% and better repayment plans and schedule,please contact Mr Lacus Robinson.He doesn’t know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email at lacuslendingfirm@gmail.com

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    March 10th, 2010 at 7:15 pm
  6. R said:

    Good day,

    I am Richard a private loan lender, i give certified loans to serious minded individuals and company at an interest rate of 5% with total loan repayment allowed weekly monthly or yearly depending on how you can make repayments if interested email me at rj.microfinance@mail.mn .We only offer out in: Dollars,Pounds,Euro and Naira only.Apply with the following details:Name,Address,Cell number,Occupation,Monthly income,Loan amount needed&Duration.

    Email: rj.microfinance@mail.mn

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    March 10th, 2010 at 7:15 pm
  7. Kon said:

    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

    —————————————–
    http://www.loansandinsurances.com/

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    March 10th, 2010 at 7:15 pm
  8. Peter said:

    Hi Adam,

    You are financially challenged..
    So what?
    There are still lots of ways to get a Car Loan Quickly.
    Check for some opportunities online.

    Good luck!

    Like or Dislike: Thumb up 0 Thumb down 0

    March 10th, 2010 at 7:15 pm
  9. Antionette Gregorski said:

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    Like or Dislike: Thumb up 0 Thumb down 0

    March 11th, 2010 at 7:52 am
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    March 11th, 2010 at 8:12 am
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    March 11th, 2010 at 8:16 am

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