This is topic Need some help! in forum General Talk at Northern California Ford Owners  .


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Posted by Loudness (Member # 8393) on :
 
So Im trying to buy a used car for about 18k and I have a great job with good income but my credit is super bad....Where can I get a car loan for about 13-15k?
 
Posted by Blind (Member # 3052) on :
 
try credit unions, but something like penfed.com may be your best bet.

with shitty credit, you may be stuck with a stupid high rate, that's why I'd suggest a credit union as mine offers used car loans for 1.99%
 
Posted by LXjames (Member # 10791) on :
 
Spring leaf financial
 
Posted by General Butt Naked (Member # 4831) on :
 
I used 2 credit unions in Hayward that had easy process for car loans, Provident on Foothill blvd and Patelco on Jackson.
 
Posted by GreatWhiteShark (Member # 5609) on :
 
What kind of car are you trying to buy?
 
Posted by Loudness (Member # 8393) on :
 
quote:
Originally posted by GreatWhiteShark:
What kind of car are you trying to buy?
03 cobra
 
Posted by SL0BRA650 (Member # 10274) on :
 
quote:
Originally posted by Loudness:
quote:
Originally posted by GreatWhiteShark:
What kind of car are you trying to buy?
03 cobra
Yeah buddy [patriot]
 
Posted by 2T0NE (Member # 4216) on :
 
PERSONAL LOAN MAYBE,USED CAR LOAN I DONT THINK IS POSSIBLE ON A 9YR OLD CAR
 
Posted by Loudness (Member # 8393) on :
 
quote:
Originally posted by 2T0NE:
PERSONAL LOAN MAYBE,USED CAR LOAN I DONT THINK IS POSSIBLE ON A 9YR OLD CAR
Ive been noticing that. I got approved with a couple banks but they want to me buy something thats 05' and up with 50k less miles...
 
Posted by Blind (Member # 3052) on :
 
quote:
Originally posted by 2T0NE:
PERSONAL LOAN MAYBE,USED CAR LOAN I DONT THINK IS POSSIBLE ON A 9YR OLD CAR
depends on the bank I'm sure, my credit union offers 36-48 mo 1.99% for 2000-2005 models with under 100k miles, but they will only loan up to the KBB amount.
 
Posted by 1ST0KGT (Member # 10606) on :
 
I also plan on getting a daily driver and wanna talk to credit union lol
 
Posted by JUNKYARD5.0 (Member # 10398) on :
 
quote:
Originally posted by 1ST0KGT:
I also plan on getting a daily driver and wanna talk to credit union lol
+2 [patriot]
 
Posted by fredfifty (Member # 10320) on :
 
https://www.1stuscu.org/?Cabinet=Main&Drawer=Main&Folder=Rates&SubFolder=Rate+Comparison&page_name=rate+comparison
 
Posted by NavidR (Member # 3164) on :
 
Credit Unions only take people with good credit. The only option you have is to go the a dealer, that can either do a Buy her Pay Here, so they deal with banks like fireside, westlate....etc.

Remember with bad credit, they only give you loan up to the wholesale value of the car MAX, so your down payment needs to be big enough to cover the rest, tax and license.
 
Posted by Venomized93 (Member # 55) on :
 
Besides the loan, have you thought about repairing your credit so that you don't end up in this type of situation? What exactly is wrong with your credit report if you don't mind me asking? Sometimes things can be fixed sooner then the usual 7 year wait.
 
Posted by Loudness (Member # 8393) on :
 
quote:
Originally posted by Venomized93:
Besides the loan, have you thought about repairing your credit so that you don't end up in this type of situation? What exactly is wrong with your credit report if you don't mind me asking? Sometimes things can be fixed sooner then the usual 7 year wait.
Years ago when I turned 18 I opened up all these credit cards maxed them out and let them just go to collections, now they are like triple the balance. I been thinking about repairing it but I heard a lot of shady things about the debt settlement industry.
 
Posted by 915.0gt (Member # 9518) on :
 
you can get a loan through the dealership but your gona need a huge deposit. the worse your credit the bigger the down payment needed. for example i know a guy with a 4xx credit score and he bought a used mercedes that had a window sticker of like 13k but had to put down damn near half. $$$ talks
 




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