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Car Question!!
Hey everyone....I need to buy a car immediately lol. Mine is so scary, everytime it goes around a corner I can feel how unstable it is. I hate driving fast as I feel I'm going to lose control of it. Its a really dangerous car, and now that I am driving 12387 miles to work everyday, I have decided I need a new one ASAP.
OK.....so the q is....I am looking at a car that goes for 15-18K. My credit score is shitty (520 from pre-stripping). I was planning on putting 4K down for it. Would I get financing if I did this? I have no debt anymore. Also, if I had an SC manager write down my earnings, would that help? I REALLY don't want a co-signer.
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Re: Car Question!!
I have crappy credit and still qualified for my Honda Element(which is in your price rance..esp if you get a used one)
Look int leasing too...you might have better luck then buying....I did.
If you have no debt your DTI(debt to income ration) would be good and you shouldnt have to have your manager sign anything...most car dealers can play with the paperwork so you can do it without proving any income.
Find a male saleperson...wear a hot(but not slutty)outfit and tell him you are a dancer. He will likely fall over backwards to get you what you want. If he doesnt...try someone else.
You'll get it!
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Re: Car Question!!
See if you can find a 05/06 VW jetta TDI ( preferably Standard Shift) They are roomy, handle great and get 50MPG!! Whe we bought ours new it was 19,200 that was tax tiles and registration.,
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Re: Car Question!!
agree wholeheartedly with C_K....also most car dealers look only at your last 6 months of credit history. Plus if your putting down 4000, that about 1/4 of the payments, they will surely take that as they are probably payed 8000-10000 for the vehicle. Therefore the risk is low in their eyes.
Also, there are many banks/lenders that dealers work with, if one doesnt give it to you the next one will. Also if its a name-brand dealers.....ie SW Honda, chances are that Honda has a finance company that is set-up to take "risk" buyers....
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Re: Car Question!!
I tryed to purchase a car under the exact same circumstance about a year and a half ago. I was dancing at that time as well. I had my manager sign a document stating how much I made. I had a score of like 530 and I wanted to put 7k down on a 21k vehicle. I don't know why your score is low. Mine was low because of credit cards that had been written off and paid late. It was also low because of unpaid medical bills. I only had one good item on my report which was a car I financed 6 years prior. So basically the reasons for declined credit were too few accounts with or in positive standing and severely delinquent accounts.
Everytime you run your credit it takes a few points off your score. With one that is subprime I wouldn't run it all. The dealerships may try to convince you to let them run it. Instead you should pull the entire report from all three bureaus yourself and try to repair what is hurting your score the most (credit cards, unpaid credit extended to you).
You can probably get a running vehicle to get you to and from work for 3k until you are able to better your credit.