Where coud I go to get a car in Worcester ma or surrounding that will finance me with a credit score of 550? I have $1000.00 to put down on one. I need one asap where I go to schoool full time and I go to work directly after. I take the bus 5 days a week and have to walk a mile to get to the bus stop in the morning and I take two buses to get to school and then one to work and one back home. Can someone please help me out? Anything is appreciated! Thanks guys!
Buying & Selling - 4 Answers
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1
go to ebay they have them they sell cheap ones lol fucker
2
The last place I would look is eBay. With a low credit score I'm not sure a loan is a good idea at all for you. I know how tiring it must be to take public transportation but if you'd just hand in there for a little while longer and save a few hundred dollars more you can buy a decent used car and pay cash. Then you won't have to worry about a predatory lender taking advantage of you. You really don't want to go to a Buy Here Pay Here lot because they sell really crappy cars and they charge way too much for them and then they hit you up with 22% interest and it's just not a good thing. Nobody needs a car that bad. Save some more money, shop smart and pay cash for a decent used car.
3
Only buy here pay here places will finance you. And with $1000 down, you wont get much more than maybe a $1500-2000 car. Except you will owe $250 a month for 2-3 years. If & when the car breaks down, you will STILL owe. If you cant find a cosigner with good credit to sign for you, you just have to stick with cars you can afford with cash. They may not be much but its better than paying 6500-$10,000 for a $1500-2000 car. And ensuring your credit never gets better if you don't pay on time. You can get a decent running car for $1000 & under. You just cant be picky. Its going to probably have to be UGLY and/or have faded paint or dents. That's ok. How it runs is far more important. William, posting below me is WRONG. There is no federal law that limits interest to 21%. Many places charge 29%. That said, interest is not the primary rip-off,its price. And it HAS to be because if they will finance you, they will finance anybody and as a result they will lose cars, take losses and so forth. No, I have never used a buy here pay here lot. But I know how they work and I know a number of people who have them. I was at one, their lot was full of $600 cars and they were flipping a coin to determine if the guys purchase price for the $600 car with $500 down was going to be $3995 or $4995.
4
I wonder how many of these people who are denigrating buy here pay here have actually used one. Shop around, not every one is out to rip you off. One word of advice. if you do use buy here pay here, make sure it is one that reports to credit agencies as this is the only way to build your credit back up. This is smart so you don't have to go through this again. By the way,federal law limits interest to 21%.
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