Toyota's buy here pay here option

[Anonymous]

I said earlier I would be getting my scores sometime this weekend...

[Anonymous]

Little worse off than I thought . Experian is 516 tu is 464 and Equifax is 475.

[Dj4Money]

 You have two choices -

 1) Fix Your Credit, wait six months for your scores to hit mid 600's

 2) Take a terrible interest rate and likely a car you don't want very much.

 If you opt for the former, it would be a good idea to cover tax and license fees to help even more. Are you a first time buyer (first time getting an auto loan)? Find a new car with sizable rebates.

 2015/2016 Ford Focus sedan and Kia Forte sedan are under $15,000 after rebate.

 If you need a car, well Car Max might be a good option. They have Exter or Sandtander "sign and drive" financing. All you need is a driver's license and valid insurance. Your interest rate will be around 20-25% and likely limited to cars under $20,000 out the door (Taxes, Title and License).

 Good Luck, report back, if you get a car post a picture or it didn't happen.

[StartingOver10]

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@Anonymous wrote:
Little worse off than I thought . Experian is 516 tu is 464 and Equifax is 475.

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Spend a little time in the rebuilding section here. You would be surprised at how fast you can increase your score. Some people have been able to get their score up over 100 points in as little as a month or two.

Here is a good place to begin and it may not take long at all once you get started:  http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Helpful-Rebuilding-Threads/td-p/224981

[Anonymous]

I'm thinking I'm gonna wait a bit longer. I honestly didnt know that fako scores were THAT much different from Fico and that my Fico would be so much lower. I cleaned my report up a bit already. But as of now I have no revolving credit or loans. On the up side I did get approved for a secured cap one card and fingerhut so...I'll wait a few months and go from there. Thanks for all the input, I appreciate it!

[surferchris]

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@Dj4Money wrote:

 You have two choices -

 1) Fix Your Credit, wait six months for your scores to hit mid 600's

 2) Take a terrible interest rate and likely a car you don't want very much.

 If you opt for the former, it would be a good idea to cover tax and license fees to help even more. Are you a first time buyer (first time getting an auto loan)? Find a new car with sizable rebates.

 2015/2016 Ford Focus sedan and Kia Forte sedan are under $15,000 after rebate.

 If you need a car, well Car Max might be a good option. They have Exter or Sandtander "sign and drive" financing. All you need is a driver's license and valid insurance. Your interest rate will be around 20-25% and likely limited to cars under $20,000 out the door (Taxes, Title and License).

 Good Luck, report back, if you get a car post a picture or it didn't happen.

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Good advice...

[Anonymous]

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@Anonymous wrote:
I'm thinking I'm gonna wait a bit longer. I honestly didnt know that fako scores were THAT much different from Fico and that my Fico would be so much lower. I cleaned my report up a bit already. But as of now I have no revolving credit or loans. On the up side I did get approved for a secured cap one card and fingerhut so...I'll wait a few months and go from there. Thanks for all the input, I appreciate it!

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Go on capital one auto finance pre approval and see if they can approve u. That's what I did last year in March. Got approved for up to 35k only used 19400 cause interest high in the sky. Even at 19400 my interest was around 14%. Having a car loan boost ur credit higher faster. I was in the low 400s when I first rebuilding now I'm in the 690s but I just went on app spree and got out another car loan and jet skis loan now my scores in the 610s lol

[surferchris]

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@Anonymous wrote:

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@Anonymous wrote:
I'm thinking I'm gonna wait a bit longer. I honestly didnt know that fako scores were THAT much different from Fico and that my Fico would be so much lower. I cleaned my report up a bit already. But as of now I have no revolving credit or loans. On the up side I did get approved for a secured cap one card and fingerhut so...I'll wait a few months and go from there. Thanks for all the input, I appreciate it!

---

Go on capital one auto finance pre approval and see if they can approve u. That's what I did last year in March. Got approved for up to 35k only used 19400 cause interest high in the sky. Even at 19400 my interest was around 14%. Having a car loan boost ur credit higher faster. I was in the low 400s when I first rebuilding now I'm in the 690s but I just went on app spree and got out another car loan and jet skis loan now my scores in the 610s lol

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Congrats on that progress.

[RonM21]

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@Dj4Money wrote:

 You have two choices -

 1) Fix Your Credit, wait six months for your scores to hit mid 600's

 2) Take a terrible interest rate and likely a car you don't want very much.

 If you opt for the former, it would be a good idea to cover tax and license fees to help even more. Are you a first time buyer (first time getting an auto loan)? Find a new car with sizable rebates.

 2015/2016 Ford Focus sedan and Kia Forte sedan are under $15,000 after rebate.

 If you need a car, well Car Max might be a good option. They have Exter or Sandtander "sign and drive" financing. All you need is a driver's license and valid insurance. Your interest rate will be around 20-25% and likely limited to cars under $20,000 out the door (Taxes, Title and License).

 Good Luck, report back, if you get a car post a picture or it didn't happen.

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Unfortunately oP, I agree withthe above.  It appears there is not a good avenue for you to take with those scores.  You're almost better trying to improve them first.  Even if you got approved, the terms may put you in a situation you'll never be able to get out of (or it will feel like it) credit wise and maybe financially.