topic Re: Auto Loan Help in Auto Loans

Auto Loan Help

kdoggflog01 — Mon, 03 Dec 2012 17:47:38 GMT

Hi guys,

I recently pulled a credit score of 611 and I'm looking to purchase a car. Don't want to spending big dollars. Probably no more than $15k. Current car is about to die so I'm most likely looking to purchase the car early next year and use a large bonus for a down payment of about 10-15%. Baddies on my report are late payment for 3 separate accounts, but all are now current. Any recommendations on how I should go about looking for financing and if I would even qualify anywhere?

Thanks!

Re: Auto Loan Help

amh783 — Mon, 03 Dec 2012 17:54:34 GMT

I was approved with a 610 in February 2011 through Americredit (now GM Financial, i think?) for a $14k loan and the interest rate was something ridiculous like 14.5%. But I took it, paid it diligently for 6 months, and then refinanced through my credit union to 2.99. I was doing alot of credit repair at the time as well. HTH

Re: Auto Loan Help

kdoggflog01 — Mon, 03 Dec 2012 17:57:46 GMT

Thanks, was that through the dealership or did you go directly to the website or brick and mortar?

Re: Auto Loan Help

tooleman694 — Mon, 03 Dec 2012 19:37:05 GMT

You gotta go to the dealership.