We need to buy a new (used)?

Question

Something happened to the rest of my post!? We are looking to buy a used vehicle, but our credit isn't the greatest...any ideas?

Answer 1

for $4,000

look for

98 Acura CL, 98 Ford Mustang V6, 98 Honda Accord or Civic, 98 Nissan Frontier or Pathfinder, 98 Subaru Impreza or Legacy, 98 -00 Toyota Corolla or Echo 00

these are all reliable and will last longer than other cars in this price range.

Answer 2

Try local private dealers that do their own financing

Answer 3

Save up some money and pay cash.  Or settle for something cheaper that you can afford.

Answer 4

I used to sell cars so I can help you out.

If your credit isn't that great then a used car is typically easier to finance than a newer one. The reason for this is depreciation. A 1 or 2 year old car has already had the biggest portion of the depreciation hit it. So the "value" of the car is more in line with the sales price. A new car loses value the minute it leaves the lot. By value I mean the window sticker price vs. the trade-in value. If you get a new car that has a large rebate then banks like that too. because you're borrowing less than the car is stickered for.

If your credit is not so good, honestly - the best route is to be pre-approved before you go shopping. Pre-approval lets you know exactly how much the bank will lend you and then you can go out and shop for the best vehicle in that price range. Rather than shopping from dealership to dealership and getting on every salespersons call list! Or worse, finding a vehicle you like only to get turned down.

If you want more information on getting a loan with bad credit here's a good website:

http://www.1-800badcredit.com

A great place to get pre-approved is DriverLoans. They are a wonderful company to work with and specifically work with people that have bad credit. Here's a quick link to DriverLoans if you want it:

http://beemrdwn.com/clk.aspx?l=1211&c=39...

Having bad credit doesn't mean you can't get a loan. You will end up with a higher interest rate than people with good credit. But if you make 18 to 24 solid, on-time, payments you might be able to refinance the car for a lower interest rate. Or trade it in for a newer model at a lower interest rate. Another reason why you should probably shop for a used car.

Good luck to you!

Answer 5

New used's are really hard to find. Try looking on eBay or in your local paper for one.

Answer 6

go to your local dealer, all the 2008 Lease's should be getting returned now and shouldn't have many miles on them.