You have bad credit Where can you find a car loan that will give you credit?

Answer 1

If you've already got bad credit the simple answer is DON'T BORROW, SAVE.

You may think this isn't very helpful, but trust me, it's by far and away the best possible solution.

Stop, take a big deep breath, and ask yourself 'is this car a good deal when I add 30% to the price' If the answer is no then DON'T BUY IT ON CREDIT.

Make do with what you've got, or buy an old jalopy and put the money you would be using to pay for your car loan into a savings account without access - You wouldn't be able to dip into it if you had a car loan. After just 12 months you'll have a few thousand that you can buy a half decent car with

AND IT'LL BE ALL YOURS you won't owe anyone anything, can you imagine how good that feels?

I can, after years of buying cars on the never never, I finally put my foot down. Four years ago I told the car salesman I wasn't interested in how low he could make my repayments, at the end of the three year term I wanted the car to belong to me, and not have another £8,000 to find ( so i'd have to trade it in against another new(ish) car and no matter how hard I tried I'd never actually own my car!). Sure it made making the payments harder for a while, but in the end the car was mine. When I finished paying for my car I continued making the same payments into a savings account. twelve months later I've traded my car in and used my savings to buy a newer car, and I effectively get 20-30% off the price, because I don't pay sub-prime interest rates.

I'm doing this with everything now, it's addictive. I'm actually looking forward to my washing machine breaking down, because I already have the money to replace it.

say NO to all forms of finance money lenders are EVIL