Is there any where that will give a auto loan to someone with bad credit ?

by admin on January 6, 2010 · 3 comments

The car I was hoping to get is about ,000. But, Im not sure who would give me an auto loan for that much money considering that I have bad credit

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{ 3 comments… read them below or add one }

SPIFIMAN1 January 6, 2010 at 12:24 am

Auto finance is what I do for a living and bad credit loans are still out there.

You need to find a large dealer that advertises Special Finance and go talk to the Manager they will be able to help you.

bre'r rabbit January 6, 2010 at 12:24 am

No matter how bad your credit is, there are always lenders who will give you a loan. The only problem is the exorbitantly high interest rate you will be charged, since the rate is tied to your credit worthiness.

Brother Otter January 6, 2010 at 12:24 am

Bad credit, and you’re wanting to buy a car that costs $18000… Sounds like a great way to dig yourself into a deeper hole.

The much smarter thing to do is go for a much more modest vehicle and finance it through a local used car dealership. There are still a number of these dealers that advertise "We Finance It". Yes, the interest rate will be higher, but you’ll have a more affordable vehicle and if you pay your bills on time will help to repair your credit rating.

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