I am looking at getting a new car. I live surrounded by a place where its 30 mins to work one way and 30 mins to a grocery store. Public transportation is non-exhistant here. I own horrible credit due to a divorce and medical bills...not an excuse I know...
My question is that I now want a reliable car. Mine is very unreliable, little bake, and sometimes dies and won't restart while driving. It's becoming a hazzard with almost 200k on it. I was wondering if it's feesible to receive a car loan for around $16k with in the order of $7k down? I understand that I'll have a high-ranking interest rate 20% or higher and that's what I'm going to have to do for the time mortal until I can get my credit built back up. I enjoy two small kids and really need a car for work, arts school, etc.
So are their any lenders that might take a chance on a $16k loan next to $7k down and no cosigner?
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
you will find someone to do it, but you will pay over 30k within the end after all the interest. Good luck
Answers: DO NOT go with a hot car! Because of your credit situation and the interest you will pay, you will put yourself within a hugh losing situation. I know you want something reliable and feel new cars wont offer you any problems, but this is my advice to you.
don't concern so much on price as you need to subtract what you can afford as a monthly budget. If your max budget is $350.00 a month find a car that will give you a $300.00 month transfer of funds. that way the extra $50.00 can be sent to pay down the change principle of the loan. once the cash principle is paid stale, what ever interest left over is gone.
this is great for 2 reasons:
1: you discharge much less in interest charges even though the initial rate is highly developed.
2: you pay off the loan within less time and it rebuilds your credit.
a motor loan is the second most powerful piece of credit an average person can have (#1 man a house loan)
because you are putting so much down vs. the total amount financed you would have a decent luck of getting approved if you have a stable job history and residency.
buy a 2-3 year feeble car one preferrably that is certified, to bring in sure you have warranty coverage on the vehicle. by doing this you save on the foreign car initial depreciation (which is the biggest loss a car will steal over its life)
bty a $15,000 car at 21.9% interest over 60 months with 7000 down would distribute you an approx payment of $225.00 + tax and DMV fees the total interest remunerated on this type of loan is over $5400.00 if you make all 60 payments and dont take-home pay down the pricipal
I hope this helps
you will find someone to do it, but you will pay over 30k within the end after all the interest. Good luck
Why do you need a car that expensive. you know your costs will be incredibly high with discouraging credit and a high interest rate. Go for a cheaper car costing around $17,000 or $18,000 close to a cheaper model of a Honda Civic, it will be dependable for a long time, keep it's value better than most cars and still be roomy ample for you and 2 kids. And you'd only have to nouns like $11,000 rather than $16,000. Just an impression.
You hold a substantial down payment, which is helpful. Due to your prior credit problems, you will most expected end up paying a high interest rate, and giant payments. In your situation what I would recommend is using the $7000 and either paying cash for a right reliable used car, or pick a much cheaper vehicle to finance. If you money cash, you can then use the money you would be paying contained by payments to catch up on some of your outstanding bills!
Good luck
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
What IS your credit rating?
16K - 7K = 9K car loan. If the saloon is worth around 16K, you'll get a finance company or ridge to loan the remainder. I doubt it will be at the 20% rate you said, more like 9 or 10 or 11 esp. since interest rates are headed down. If the buyer wants to sell the saloon they'll find you a decent lender - like a local credit alliance, etc. GOOD LUCK.
$7000 would buy you a nice car, why do you need one so expensive? Yea but you might be looking at somewhere around 21% interest.
A wall called Fireside... I think thats the christen of it. Usually they will charge an extra $500 just to process the loan. Most Used car places any use them, or know of them.
Why do you need a car that expensive. you know your costs will be incredibly high with discouraging credit and a high interest rate. Go for a cheaper car costing around $17,000 or $18,000 close to a cheaper model of a Honda Civic, it will be dependable for a long time, keep it's value better than most cars and still be roomy ample for you and 2 kids. And you'd only have to nouns like $11,000 rather than $16,000. Just an impression.
We did get a pretty decent saloon though.
My bankruptcy was due to medical and credit cards too.
You hold a substantial down payment, which is helpful. Due to your prior credit problems, you will most expected end up paying a high interest rate, and giant payments. In your situation what I would recommend is using the $7000 and either paying cash for a right reliable used car, or pick a much cheaper vehicle to finance. If you money cash, you can then use the money you would be paying contained by payments to catch up on some of your outstanding bills!
Good luck
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
$7000 would buy you a nice car, why do you need one so expensive?
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
The deal is, you will enjoy to go sub-prime. This means you will be charged a large amount more than the car is worth, and you will have to compensate a very high interest rate.
Call a vendor in your area, and ask to speak to the special nouns or sub prime finance department.
What IS your credit rating?
16K - 7K = 9K car loan. If the saloon is worth around 16K, you'll get a finance company or ridge to loan the remainder. I doubt it will be at the 20% rate you said, more like 9 or 10 or 11 esp. since interest rates are headed down. If the buyer wants to sell the saloon they'll find you a decent lender - like a local credit alliance, etc. GOOD LUCK.
$7000 would buy you a nice car, why do you need one so expensive?
My question is that I now want a reliable car. Mine is very unreliable, little bake, and sometimes dies and won't restart while driving. It's becoming a hazzard with almost 200k on it. I was wondering if it's feesible to receive a car loan for around $16k with in the order of $7k down? I understand that I'll have a high-ranking interest rate 20% or higher and that's what I'm going to have to do for the time mortal until I can get my credit built back up. I enjoy two small kids and really need a car for work, arts school, etc.
So are their any lenders that might take a chance on a $16k loan next to $7k down and no cosigner?
Which introduction suv/crossover's own a third row...
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
Is in that anyone selling a used...
you will find someone to do it, but you will pay over 30k within the end after all the interest. Good luck
Is a 1995 ford escort lorry next...
Answers: DO NOT go with a hot car! Because of your credit situation and the interest you will pay, you will put yourself within a hugh losing situation. I know you want something reliable and feel new cars wont offer you any problems, but this is my advice to you.
don't concern so much on price as you need to subtract what you can afford as a monthly budget. If your max budget is $350.00 a month find a car that will give you a $300.00 month transfer of funds. that way the extra $50.00 can be sent to pay down the change principle of the loan. once the cash principle is paid stale, what ever interest left over is gone.
this is great for 2 reasons:
1: you discharge much less in interest charges even though the initial rate is highly developed.
2: you pay off the loan within less time and it rebuilds your credit.
a motor loan is the second most powerful piece of credit an average person can have (#1 man a house loan)
because you are putting so much down vs. the total amount financed you would have a decent luck of getting approved if you have a stable job history and residency.
buy a 2-3 year feeble car one preferrably that is certified, to bring in sure you have warranty coverage on the vehicle. by doing this you save on the foreign car initial depreciation (which is the biggest loss a car will steal over its life)
bty a $15,000 car at 21.9% interest over 60 months with 7000 down would distribute you an approx payment of $225.00 + tax and DMV fees the total interest remunerated on this type of loan is over $5400.00 if you make all 60 payments and dont take-home pay down the pricipal
I hope this helps
you will find someone to do it, but you will pay over 30k within the end after all the interest. Good luck
Im 17. getting a used coup¨¦...but i...
Why do you need a car that expensive. you know your costs will be incredibly high with discouraging credit and a high interest rate. Go for a cheaper car costing around $17,000 or $18,000 close to a cheaper model of a Honda Civic, it will be dependable for a long time, keep it's value better than most cars and still be roomy ample for you and 2 kids. And you'd only have to nouns like $11,000 rather than $16,000. Just an impression.
What variety of motor should i buy?
You hold a substantial down payment, which is helpful. Due to your prior credit problems, you will most expected end up paying a high interest rate, and giant payments. In your situation what I would recommend is using the $7000 and either paying cash for a right reliable used car, or pick a much cheaper vehicle to finance. If you money cash, you can then use the money you would be paying contained by payments to catch up on some of your outstanding bills!
Good luck
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
What Is the Best New Car Deal...
What IS your credit rating?
16K - 7K = 9K car loan. If the saloon is worth around 16K, you'll get a finance company or ridge to loan the remainder. I doubt it will be at the 20% rate you said, more like 9 or 10 or 11 esp. since interest rates are headed down. If the buyer wants to sell the saloon they'll find you a decent lender - like a local credit alliance, etc. GOOD LUCK.
$7000 would buy you a nice car, why do you need one so expensive? Yea but you might be looking at somewhere around 21% interest.
A wall called Fireside... I think thats the christen of it. Usually they will charge an extra $500 just to process the loan. Most Used car places any use them, or know of them.
Why do you need a car that expensive. you know your costs will be incredibly high with discouraging credit and a high interest rate. Go for a cheaper car costing around $17,000 or $18,000 close to a cheaper model of a Honda Civic, it will be dependable for a long time, keep it's value better than most cars and still be roomy ample for you and 2 kids. And you'd only have to nouns like $11,000 rather than $16,000. Just an impression.
Is £3500 apposite price to put up...
We are contained by the middle of a bankruptcy right now. We found if you own (buying) your home you might own a chance with the large intrest rate. A down payment may help. BUT we are giving up our house and NOONE would even touch us. We have to go to a buy here, pay here place. Still 20% intrest. Don't detail them how much you have to put down or they will jack the price of the car up. They said we merely need $100 down and told is $1000 cause I guess they looked at my husbands income. Be sure to use the calculators on line too to figure your transmittal and check out the prices of the car before you speak buisness. Walk away if they give you a line in the order of prequailfying firstWe did get a pretty decent saloon though.
My bankruptcy was due to medical and credit cards too.
You hold a substantial down payment, which is helpful. Due to your prior credit problems, you will most expected end up paying a high interest rate, and giant payments. In your situation what I would recommend is using the $7000 and either paying cash for a right reliable used car, or pick a much cheaper vehicle to finance. If you money cash, you can then use the money you would be paying contained by payments to catch up on some of your outstanding bills!
Good luck
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
How do you know how much annual...
$7000 would buy you a nice car, why do you need one so expensive?
Depending on your income I'm sure there are option available for you.
I have seen this 1000 times. You own a great down payment so your chances are MUCH better. Here's my individual bit of advice...
Don't buy a 16,000 car. You're interest rate is going to be through the roof regardless of what you buy so why not pay envelope that extra amount on less money while you rebuild your credit? My suggestion would be to buy something realiable for 10k-11k and put smaller amount money down. At least that way you will know how to pay the car past its sell-by date sooner (48 month loan-vs- 60 month loan). You wont be looking at the car of your dreams, but you'll have plenty of time for that latter after your credit is right. When you're done paying for this car (and clearing up anything else on your report in the process) you will own the freedom to get something a lot nicer.
it depends. i would run to a dealership and get a certified used car that the dealership owns outright, otherwise you might take denied from the bank.
The only NEW sports car you're going to get is going to be a very poor model. If you obtain a used car you can get something GOOD, close to a Honda, Nissan, or Toyota, easy. I don't have apt credit and i put 7 down on an 04 accord... my payments are higher than they would be for someone who have better credit, but this is the price you pay and every time you make your recompense on time, you get better credit. Also, when you bring back a better job or more money to give the guard, you can refinance your car and get a lower sum.
You don't go to the bank, you budge to the dealership. You certainly don't want a new crappy motor being that you have children! NOTHING current will be sold for that price that will be quality. A more realistic price for a foreign car is 30,000.
Dealerships WANT to make a concord with you, the question is, can you afford the monthly payments?
Also, why not in recent times look in the paper and buy a used sports car for 7,000? I got a sweet 99 Nissan Altima a few years back for 5,200-it run beautifully, no probs, for a year until some lady slammed into me at a feathery and totaled it! Just make sure you get the vin # and run it through Carfax.com past you buy, so that you can see if there have be any accidents, and ALWAYS pay a mechanic similar to 100 bucks to go with you to look at the vehicle. If your credit is lousy and you're young, just starting out, you probably should not bring on a high car stipend, simply because in all likelyhood you will make worse your credit more and possibly lose the car AND your money if it gets repo'd. Good luck!
Seeking 7 seater SUV near fine fuel...
As long as you realize that you will have to pay the price for your mistakes, you can nouns a car.The deal is, you will enjoy to go sub-prime. This means you will be charged a large amount more than the car is worth, and you will have to compensate a very high interest rate.
Call a vendor in your area, and ask to speak to the special nouns or sub prime finance department.
What IS your credit rating?
16K - 7K = 9K car loan. If the saloon is worth around 16K, you'll get a finance company or ridge to loan the remainder. I doubt it will be at the 20% rate you said, more like 9 or 10 or 11 esp. since interest rates are headed down. If the buyer wants to sell the saloon they'll find you a decent lender - like a local credit alliance, etc. GOOD LUCK.
$7000 would buy you a nice car, why do you need one so expensive?
Help Me! Don't Know Much About Cars?
Resolved Questions
- In what state can i buy a...
- Is it better financially to purchase a...
- Should I bid and try to return...
- Toyota Yaris (Hatchback) or Honda Fit?
- Ls1 for Dutch auction?
- What liberal of truck/car/suv should i try...
- Friend direction?
- Is nearby more money contained by selling...
- Have a 95 Nissan PU, 4wd,4 cyl,ext...
- What sports car will i put on...