auto loan with credit score of 548
05-21-2008 12:16 PM
my car is dying! I am being forced to buy a new car. I am 25 years old. I don't want to buy another used car with 80,000 miles on it and have it last me 3 years for the third time in my life. Most of the bad credit on my report is from 3-5 years ago. My previous auto loan was in very good standing. I may have let my credit card payments go but I never lost control of my car loans. Does anyone have any advice for getting an interest rate that is no more than 13%? Or am I screwed? I don't want to go around to 5 different auto lots trying to get a loan for a car and keep getting offered like 20% and have to turn it down. Eventually wouldn't all of those credit checks hurt my credit even more?! I really need help. I have to get a car THIS weekend!!!