bad credit...?
so i have pretty badd credit. i make a good amount of money, but i have some debt. i really need a new car. probably within the next 2 or 3 months. i have a little over 1000 in savings. but thats it. i reallly dont have a trade in. my cars crapp. help me? whats the best thing for me to do?
Public Comments
- The best thing is to save up and buy a good used car for cash. You don't NEED a NEW car.
- Don't buy a new car. Buy a decent used car.
- You can finance your car with a bad credit loan, loan companies have 100% approval but since you do have bad credit you may have to put more money down and also your monthly payments will be higher. If you want to build up your credit that loan will help
- If you already have bad credit, the last thing you need to do is buy a new car and get even more into debt. Probably at a high interest rate. Save up as much money as you can, buy a nice used car, and start paying your other debt down. Or go with your plan and watch yourself spiral down into oblivion.
* Some answers may have been provided by Yahoo! Answers.