Is it possible to get a poor credit loan for a car of my choice? - poor credit loans
I want a particular vehicle model. I realized with all the poor auto loan lender that they give a car of their choice. How can I get what I want to guarantee with a. I will not again be rejected.
Friday, January 15, 2010
Poor Credit Loans Is It Possible To Get A Poor Credit Loan For A Car Of My Choice?
2 comments:
Do you have a guarantor? If the guarantor has good credit should not be a problem.
I have a bad credit score (550) and a recovery, but I have the car I wanted from a chain of distributors - the fact that it has a national chain made a big difference because most banks, with independent Distributors operate.
suck my interest rate (20.12%) and had a loan of 6 years to solve instead of 5, but did so without the guarantee, which means that I can refinance my credit card on the reconstruction of one or two years.
In addition, depending on what you want, try a dealer who will find you and your children through local banks works. Ensure good income and a sizeable monthly payment - to between 25% - 50%, but possibly also with only 20%. If you do not have those two things get a warranty.
By the way - I forgot to mention that originally defined for a used car, but not the authorization for a new car. seems that the Bank believes that a lower risk because of the greater value.
Yes, you will be able to obtain loans, but your interest is so high that the first year or two, all you have to pay is of interest if you take that commitment should facilitate that the provision of financial resources, but Do not hang up on a high real interest rates, you pay for the car for long, if that happens, good luck.
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