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Thread: Anyone here have experience with AUTO LOANS?

  1. #1
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    Anyone here have experience with AUTO LOANS?

    I'm thinking of buying a car soon, maybe one that's worth around $10K. The problem is my credit is pure shit (****ed up my credit when I was in my teens). I even have a previous repo. My beacon score is 550 or so.

    My question is, do you think any lender would loan me the money if I put a 40 - 60% down payment?

    I just paid off a few outstanding debts so hopefully that will affect my score a bit by the time I even consider applying for a loan. All opinions welcomed

  2. #2
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    you can get approved by someone but plan on paying a very high interest rate.

  3. #3
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    No..

  4. #4
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    Are all your debts paid off? Maybe look at a personal loan vs car loan. Compare intrest rates.

  5. #5
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    Quote Originally Posted by DSM4Life View Post
    Are all your debts paid off? Maybe look at a personal loan vs car loan. Compare intrest rates.
    Not all, but most. Should I just talk to someone at my bank about personal loans? Don't big down payments weigh in my favor?
    Last edited by Abominator; 04-26-2010 at 02:32 PM.

  6. #6
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    Quote Originally Posted by Abominator View Post
    Not all, but most. Should I just talk to someone at my bank about personal loans? Don't big down payments weigh in my favor?
    a big down payment will work in your favor. It will be harder to get a personal loan. atleast with an auto loan the car is collaterial

  7. #7
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    If i'm not mistaken..... you can get an auto loan if you have sex with a guy first.....

    I had to.....

    ~Haz~
    Failure is not and option..... ONLY beyond failure is - Haz

    Think beyond yourselves and remember this forum is for educated members to help advise SAFE usage of AAS, not just tell you what you want to hear
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    NOT DOING SOURCE CHECKS......


  8. #8
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    Quote Originally Posted by Hazard View Post
    If i'm not mistaken..... you can get an auto loan if you have sex with a guy first.....

    I had to.....

    ~Haz~
    *waving cash in air

  9. #9
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    make sure to drop the spoon, so we know its real......lol

  10. #10
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    Quote Originally Posted by Hazard View Post
    If i'm not mistaken..... you can get an auto loan if you have sex with a guy first.....

    I had to.....

    ~Haz~
    Quote Originally Posted by Mooseman33 View Post
    make sure to drop the spoon, so we know its real......lol
    lmao

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