Anyone here have experience with AUTO LOANS?

[Abominator]

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

[gixxerboy1]

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

[Matt]

No..

[DSM4Life]

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

[Abominator]

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?

[gixxerboy1]

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

[Hazard]

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

I had to.....

~Haz~

[DSM4Life]

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

[Mooseman33]

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

[Abominator]

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

I had to.....

~Haz~

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

lmao