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How is it possible to finance a car with poor credit?

Public Comments

  1. your credit score mostly is for screening people who have filed bankrupcy and to set your interest rate. the higher your score the less you will pay in interest.
  2. If you have poor credit is possible to finance a car but you can expect to have a rediculous interest rate. The best advice I could give would be to have a co-signer with good credit. If you can't find a co-signer save up a lot of money so you can put that towards a down payment to knock off as much of the principal as you can so that way you can pay off the car as soon as possible withouth having to feel the effects of all that high interest. Get a cheaper used car that you can afford to pay entirely and finance it. Put a large downpayment on it and pay it off as soon as possible to help re-establish your credit.
  3. If you are lookint to get a car but have bad credit, try 1-800-Bar-none...the interest rates are a bit high but once you get going on the payments, it will be much easier to purchase a vehicle later on. I bought a 96 Blazer through them and within 1 year, I was able to trade it in on a brand new Chevy truck.
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