Comments on: Where should I go to get a good 'bad credit car loan'? http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html Thu, 02 Feb 2012 00:01:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: insidebuy http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html/comment-page-1#comment-4162 insidebuy Thu, 04 Mar 2010 21:36:31 +0000 http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html#comment-4162 NO lender will consider anyone that is 620 or less FICO score. That means you wont get a loan. It doesn't matter what your debt to income ratio is or how much you put down. Being low 500's is why you were turned down. You're considered a too high risk. There are a few buy here/pay here lots, like Drive Time, but avoid them at all cost. Their cars are junk, they're obscenely overpriced and they charge over 33.3% APR.Some charge as much as 99.9% APR ! Your only option at this time is to pay cash for a car. Yeah, it sucks. But it's the only way for you to get another car. NO lender will consider anyone that is 620 or less FICO score. That means you wont get a loan. It doesn’t matter what your debt to income ratio is or how much you put down. Being low 500′s is why you were turned down. You’re considered a too high risk.

There are a few buy here/pay here lots, like Drive Time, but avoid them at all cost. Their cars are junk, they’re obscenely overpriced and they charge over 33.3% APR.Some charge as much as 99.9% APR !

Your only option at this time is to pay cash for a car. Yeah, it sucks. But it’s the only way for you to get another car.

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]]> By: sarahsmile90 http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html/comment-page-1#comment-4163 sarahsmile90 Thu, 04 Mar 2010 21:36:31 +0000 http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html#comment-4163 You need to apply for a loan at a dealership with a Special Finance Department. They will try to find a lender to finance you. They will also match you up with a car. The job history and down payment are positives, that will help. You could also fill out an application on line at www.Fundingway.com. They will match you up with a dealer in your area that can help you. Good luck. You need to apply for a loan at a dealership with a Special Finance Department. They will try to find a lender to finance you. They will also match you up with a car. The job history and down payment are positives, that will help.
You could also fill out an application on line at http://www.Fundingway.com. They will match you up with a dealer in your area that can help you. Good luck.

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]]> By: Jim E http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html/comment-page-1#comment-4164 Jim E Thu, 04 Mar 2010 21:36:31 +0000 http://autocarloansnow.com/where-should-i-go-to-get-a-good-bad-credit-car-loan.html#comment-4164 Well, of course the best option is to pay cash. Maybe you should buy a bomber privately and drive it for a year (maybe two) and save $ to buy a better car. Stay close to home though. Those cars don't last long. Or, if you really need a car that'll get you around you may need to go to a buy here pay here. J.D.Byrider is pretty good about getting people financed. i don't know how high of a score you would have to have. Can't hurt to go in and ask. Remember that interest rates are higher than typical lenders because of the risk they take in financing people with bad credit. Well, of course the best option is to pay cash. Maybe you should buy a bomber privately and drive it for a year (maybe two) and save $ to buy a better car. Stay close to home though. Those cars don’t last long. Or, if you really need a car that’ll get you around you may need to go to a buy here pay here. J.D.Byrider is pretty good about getting people financed. i don’t know how high of a score you would have to have. Can’t hurt to go in and ask. Remember that interest rates are higher than typical lenders because of the risk they take in financing people with bad credit.

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