Question:
I want to buy a new car but my credit score is 460. How much percentage will it take to finance this car? How much down? how much will my payments be? NEED ADVICE!!
Answers:
How much should the car salesman come down off the car before I buy it?
However with my bank I can get a new car loan 12.95%. So think of how high my rate is with a score close to 600. If approved, expect to be paying forever at a high rate. See if you can get a co-signer, your rate will drop significantly. Another alternative is certified used and make sure its at a dealership with a warranty not a car-lot. However, I just saw a commercial for a company that states all applicants approved. Its called USAutofinance, I think you just need a job and checking account. Here's the number : 1-800-909-5668
What car should i get that's no more than $20,000?
Your going to have a tough time with that score not to mention your monthly payments will be through the roof. I would suggest getting your credit fixed first and purchase a used vehicle for the meantime. Save up for a down payment and when your credit score goes up you'll probably have half the cost of a new car to put down.Best Used Sedan or SUV with Navigation for $35K?
go with a good used car for the meantime. on top of the payments for the car you will also have to carry collision with your insurance as well, and some dealers require a certain amount of coverage to be carried as well.depending on the vehicle,and your driving record,you can find yourself with a re-po in no time. if your present vehicle is still runnig an in decent shape,keep it,if no vehicle, buy a decent used one.the dealer may still require collision,but you can save a good chunk with a used car being financed versus new.some dealers may even be willing to do "in house" financing. i did that with my dakota an after trade in of my s-10, i owed 3200 on it,which i was able to pay at 200 a month. the extra collision coverage ran about 70 bucks.would U please inform me where shall I purchase the new Toyota Qualis car in India?
Get a reasonably priced used car. It will be a while before you score goes up. In the mean time, work on becoming more financially savvy. I assume you have lots a credit cards, missed payments etc.visit creditboards.com and start working on repairing that credit!
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