auto loan?

[maciejmm]

Im looking to get a used car loan in a few months my exp. is 584 but workin on it...I just got caught up with my second mortgage but they havent reported it yet...I have 1 account in collection with amex ...Can I still get a loan fo $10000-$15000? I make around $75000a yr I have a trade worth around $2500 ...I havent tried yet I know the interest will be high but sorta need a car...And should I see if a dealership will pre approve me or just go for a car in the price range?

[Anonymous]

You need to see how long you can last without getting a  new car. You need to get your Mortgages caught up. (in most cases a bank will not finance anyone who is behind on child support or a mortgage-its an automatic denial) You might want to work on that collections.

You will need a down payment. 25%+ of transaction

Hopefully your scores will pop up to in excess of 600 but you will probably still be special/secondary finance.

[maciejmm]

Yea Im gonna wait till probably Feb. or March...Id wait longer but no heat in my jimmy(bad heater core $1300 to fix) it being a '99 I was thinking of getting a little car loan for around $10000-$12000...so my payment wont be ridiculous...I figure like $1000 down plus my trade should get at least $2000 so finance $8000 or $9000.

[maciejmm]

Well Im gonna have to get try to get a loan sooner more than later...quick story coming home off my midnite shift in my beater of '99 gmc jimmy... go to turn off my off ramp and the brake pedal went right to the floor OMG!! OMG!!! No warning at all brakes were fine prior... I thought that was it but thank the man upstairs even with my crappy score enough is enough I dont care if my loan is 30% interest...

[haulingthescoreup]

Yikes, glad you're OK, and everyone around you!