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?
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