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Where can you buy a car with very little down bad credit and low monthly payments?
Wiki User
∙ 11y ago
Your only option is any used car dealership that is a "buy here pay here" place. The proper term is "onsite financing." Some places advertise $500 down or $700, but in most cases they want anywhere from $1,000 to $2,000 down. Your monthly payments, of course, depend on where you go. They can range anywhere from $200 a month to $500 a month. However, I imagine the exact prices depend on where you live (city, state, etc.). You can also try a looking on Craigslist. Sometimes people just want to get rid of a car quickly.
This is a really really bad idea, and I don't recommend it. However, if you are in an emergency situation and you can have two or three people cooperate with you, providing they have good credit, they could spot you the money for a down payment by taking out small personal loans, as long as you can agree to pay them back. It's legal, but these people would have to really trust you and you'd just create more monthly payments for yourself.
Wiki User
∙ 11y ago
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How much down and what are your monthly payments ?
How much down and what are your monthly payments
need a used car loan my credit score is 570 i need low monthly payments of nomore than $250.a mo i h?
need a used car loan my credit score is 570 i need low monthly payments of nomore than $250.a mo i have $500. down payment will anyone finance me
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
You Have To Buy To Begin?
If you are one of the Americans out there who have no credit whatsoever, know that there are things that you can still purchase. Car dealers who accept payments at their dealership will approve you for a vehicle as long as you have a down payment and you can provide proof of income. This will also give your credit a boost if you make the payments on time. Furniture stores that accept monthly payments will accept customers who have no credit. Find a store that is willing to work with you on a down payment as well as payment options in order to start a credit rating.
Two Ways To Finance?
Vehicle financing can be done two ways. You can go to a buy here, pay here car dealership that will sometimes report to credit agencies. If you have good credit, you can finance a car at a larger dealership. Small buy here, pay here lots require a smaller down payment and the monthly payments are not as expensive. You have a choice of when you would like to make your payments during the month depending on how you get paid. Larger car dealers can offer specials to customers on down payments and monthly payments. They will definitely make a report to a credit agency, and the payment will be due at a certain point in the month.
One Of The Most Important Numbers?
Your credit report is one of the most important numbers you will have in your life. You can call one of the credit reporting agencies to have them send you your credit score. When you buy a car or a home your credit score will be used to determine the down payment and the monthly payments. It can also determine if you even get the house or car you wish to purchase. You can improve your credit score by making payments on time.
If you are adding extra to your monthly mortgage payments to put in your escrow will your payments go down after one year?
no not neccesarily
Can you get auto financing if your credit is not perfect?
Yes, even if you have less than perfect credit there are options for auto financing. Majority of the time you can pay a larger down payment and have smaller monthly payments. Also you can have a cosigner with good credit to sign with you to lease a car.
How it is it possible to finance a car if a poor credit rating is making it difficult?
When you have poor credit rating, you might have to be prepared to pay higher down payments and maybe higher monthly dues. But be prepared in all cases to be paying higher rates because of the poor credit rating!
How much i should put down a deposit for a car to buy?
The more you put down the smaller the monthly payments will be.
What can happen with an adjustable mortgage?
The monthly mortgage payments go up or down from year to year.
What can bring down your credit score?
you credit score will go down if you are not paying your monthly bills on time, in order for you to increase your credit score you have to pay your credit bills on time or in full.
