You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Auto Financing Help NOW?”.
-
Archives
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
-
Resources
-
Meta
Maurice
What type of car do you have now?? you may be eligible for cash for clunkers which would give you 3500-4500 (a nice down payment). Buy a Hyundai Elantra you can get in for 10-16k so that would make the financed amount 5500-12500. which means monthly payments of $90-$275 a month which I believe would fit into your budget. By the way the elantra is an excellent value trust me.
Bryan
Well, good news and bad news. Your cell phone is not building you any credit. Those bastards won’t report. I know it is being addressed in congress though.
Your car should give you a little bit of trade it value. They may need a little bit of cash to gt you in to the car for tax and license fees. You can always try to sell it and take the cash in for a down payment. Just don’t tell people parts are falling off. That price range, people will be glad to get something that runs and drives.
Depending on where you are, you should be able to get some financing. Reliable Credit, American General are two options. You may even find a credit union willing to establish a relationship with you. I would get on the phone and call. If you get your financing approved before buying, you can get a better car as you will be in better bargaining position.
Good luck.
Lance
Your car probably isn’t worth enough to qualify for a loan with no money down, your age and lack of credit also don’t help.
A cosigner doesn’t have to PAY for your car, just loan you their credit. (and of course be responsible if you aren’t)
My dad cosigned for my first mastercard. He never paid the bill and after a year, they removed him from the account and it was all mine.
You don’t have much to work with here and your hard luck story doesn’t really matter when it comes to getting a car loan.
Get a 2nd job, save up more money ??