Best Auto for Poor Credit…?

[User1109519]

I'm in the 500's. $100,000 per year. CapitalOne said no. Carvana approved at 21%. Was hoping for 16% or better? Not sure where to try next? This isn't a wait and fix need. My current car is acting up. Time to buy one now--worry about refinancing later. 

[Jnbmom]

Do you belong to any credit unions? Carvana is always high. Honestly if scores are in the 500s you are not going to get a low rate .

[pizzadude]

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@User1109519 wrote:

I'm in the 500's. $100,000 per year. CapitalOne said no. Carvana approved at 21%. Was hoping for 16% or better? Not sure where to try next? This isn't a wait and fix need. My current car is acting up. Time to buy one now--worry about refinancing later. 

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If you're in a spot where you need a car now then you might have to take the 21% now and refianance as soon as you can qualify for a lower rate.  Is your current car repairable ?  How much are you looking to borrow ?  As mentioned above, try CUs as their rates are generally better.

[cashorcharge]

With scores in the 500's...not withstanding income....your options are limited so looking to get a "decent" rate should be more aligned to "who" will approve me and for how much and then following @pizzadude advice to refinance in the future after the loan reports and consistent payments are posted is your likely better option