I really need a car, and QUICK. It doesn't have to be brand new, but I need somthing that will last a 60 mile trip every day, and can cart around my kids. Problem is, I have awful credit. Score in low 500's. I have started credit repair, but not near finished yet! Does anyone know where I might be able to get financed? I would buy something with cash, but don't have enough to buy something that would be reliable. I really appreciate any help here. I am truly desperate. Maureen
I have seen ads in California for: 1800 BAR NONE - I believe they finance anyone with a down payment but the rates will be high. aarrfff - dogman
what price range are you looking in? You mite have to put down 30% of the car price. i got a 20,000 car a year ago. I had to give them 5,000 reaons to give me a loan. lol.
Maureen, I financed with Ford for a brand new car with scores just like yours, I did a lease and got 10% financing, I did have to put down almost $3000. This was in 2000. Today, I have 2 new Fords, one at 2.9% financing and one at 7% financing. If you can get in good with them, you have it made. I was messing around down at the local dealership the other day, seeing what a Lincoln Navigator would cost me, I was offered 1.9% financing on it. I didn't want to put myself in a bind with those payments, so didn't take it. Good luck.
Don't fret too much, there are people on this board that claim to have recieved 0% financing with those scores.
Come to COLORADO I will give you my "TANK"...79 OLDSMOBILE DELTA 88 4 DOOR... $400 for the NEW TIRES...it's yours...
Well, someone from Dunphy automotive called and asked me to come in...let's hope that's a good sign. I have about $1500 to put down right now... I am SO stressed out about this, it's not funny. I can't wait until this time next year when my student loans are rehabbed...
Do not try E-loan until you have high 500's I was turned down with 549 and putting $3000 down on a $10,000 vehicle... Good luck! Kane
I don't believe it! I have TWO count 'em TWO places telling me I am approved! I have to go there tomorrow with my info!!! I am in SHOCK! Is this all a dream? Will I actually be driving a reliable car soon? Oh, how I long for the day when I don't have to make sure my life insurance is up-to-date before I get in the car!! Now we see what the interest will be!!!!
A quick message for anyone here in the same situation. Think long and hard, and do a thorough investigation before your finance person tries to offer financing thru AmeriCredit Financial. I've seen stories of 20-25% interest, horrible (near fraudulent) billing and payment practices, customer service that doesn't even reach the dismal level, repossession practices that border on thuggery, and a general disregard for their customers. I don't work for a competitor or Any financial institution, and this is simply a synopsis of comments I've encountered in my travels. (Ergo, please don't infer slander or libel from my comments.)
I agree. They are not a reputable company. There is another company that does high risk car loans that has a great reputation, at least in my experience, but very high interest and a big down payment. The company is DRIVE FINANCIAL. You will need to find a dealer that is affiliated with them.
I see Americredit every week at the auto auctions. They repo a lot of cars. WFS Financial repo's 40,000 cars a year. They are also a big subprime lender in the west.
