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Anonymous asked in Cars & TransportationBuying & Selling · 2 months ago

Can you get a car off the lot with bad credit? ?

I want to get a car not brand new obviously but I have horrible credit (500) is there anyway I can get approved for a car from a dealership? I’m going to save up but was wondering how much I would need to save? 

5 Answers

  • ?
    Lv 6
    2 months ago

    Buying a car with bad credit is possible—it's just going to cost you. You'll probably have a higher interest rate and require a bigger down payment, and you may have a much smaller selection to choose from than someone with a better credit history.

  • 2 months ago

    Car loans are easy to get.

    They just increase the interest rate and then extend the life of the loan so you can "afford" it.

    But most likely this will simply result in a repo...

    So how much do you need to save so this doesn't happen?  the price of the car.

  • Anonymous
    2 months ago

    more to life than paying off cars if you can't afford it don't do it. Its only a car you have no money you will be living beyond your means and have no money for anything else.

  • Anonymous
    2 months ago

    Probably but you would need a significant down payment. And because of your credit, its a really bad deal. Very high prices, high rates and long terms.  95% of people in your shoes would be far better off paying cash for a clunker every 6-12 months.

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  • 2 months ago

    Save enough to pay cash.

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