NEED HELP: Car Loan
10-21-2004, 07:30 PM
#16
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ohhhhh i know...... FORD CREDIT!!!!! ASK THE DEALERSHIP TO FINANCE THROUGH FORD CREDIT!!!! THEY GIVE OUT LOANS TO PEEPS WITH BAD CREDIT!!!! HERES THERE NUMBER 946-3200
10-21-2004, 08:09 PM
#19
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Uhm...well any dealership that's hurting for business will probably work you into a car...for 25%. The FCUs won't though...they don't believe in giving people money that have bad credit...I think it's because of the high percentage of such people that get repo'ed.
10-21-2004, 08:24 PM
#21
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Originally Posted by keirnna
Will dealerships give people loans for private purchases?
ok, i thought the car was from a dealership.. hmm, hes pretty much screwed then... i also wouldnt be runnin credit checks at every bank if i were him.. also, you gonna tell us what kinda car it is?
isnt your friend in the military? damn i know young military peeps that get loans from their credit union bank..
10-21-2004, 08:24 PM
#22
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Not the dealerships dude...the dealerships will contact their loan companies to get the loan for a personal purchase for one of THEIR CARS.
After thinking about it...I'd say that your friend will most likely get a loan at a dealership because the dealers are buckwild about it. So go ahead and go...just remember that in his situation, he's pretty much at their mercy. Just try to not pay too much in the principle amount that you finance and get a high APR....you'll have a not so bad chance at getting a lower APR after refinancing if he keeps his head down with his money.
Basically, your friend is screwed and won't have too many options right now. I know, I was in that situation in college but got out of it. Just go to a dealership and buy a car and start rebuilding his credit.
After thinking about it...I'd say that your friend will most likely get a loan at a dealership because the dealers are buckwild about it. So go ahead and go...just remember that in his situation, he's pretty much at their mercy. Just try to not pay too much in the principle amount that you finance and get a high APR....you'll have a not so bad chance at getting a lower APR after refinancing if he keeps his head down with his money.
Basically, your friend is screwed and won't have too many options right now. I know, I was in that situation in college but got out of it. Just go to a dealership and buy a car and start rebuilding his credit.
Last edited by bpang1; 10-21-2004 at 08:26 PM.
10-22-2004, 05:46 AM
#27
Pres. bush signed a bill saying u can run ur credit as many times in a month as u want and it won't hurt ur score cause u just cant find ur car or house in one day u knw what i mean..
also tell him to try hawaiian tel fcu i had some ppls sent to them and they took the loans.
also hawaii central fcu
also tell him to try hawaiian tel fcu i had some ppls sent to them and they took the loans.
also hawaii central fcu
10-22-2004, 04:32 PM
#28
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Originally Posted by Raudi
you boy should buy somthing cheaper and build his credit instead. at 25% he's not only getting bent over, but taking a shot in the mouth too.