In Need of An Auto Loan

User Forum Topic
Submitted by msmiller36 on November 8, 2009 - 12:07pm

Hi,

I am in need of a vehicle. I submitted a on-line application and so far I have been denied by: Triad Financial
WFS
Capitol One Auto
Long Beach Acceptance Corp.
Nuvell Financial
Now I am terrified to go into a dealership. Can anyone suggest any other Lenders that deal with bankruptcy or bad credit?

Thanks

Submitted by patb on November 8, 2009 - 12:45pm.

Try getting an insanely cheap used car perhaps
from a friend or relative.

If you are in san diego, skip A/C, Skip Power windows
and locks, skip the automatic.

I've known people who got 7 year old hyundais'
for under a grand.

If you have bad credit, you will pay through the
nose on interest.

or get a bike, My handyman got his truck repo'd
he got a ten speed free, he's lost 30 lbs of
weight and is getting in great shape.

Submitted by DataAgent on November 8, 2009 - 3:56pm.

For car loans, try a Credit Union. San Diego has several good ones. I use Mission Federal: http://www.missionfcu.org/

Submitted by CafeMoto on November 8, 2009 - 8:04pm.

a dealership? please don't make that mistake.
i recommend cars.com?
go with what you can afford to spend, and
not to be a wise ass but don't forget the insurance.

...you never know

Submitted by socrattt on November 8, 2009 - 11:12pm.
Submitted by mike92104 on November 8, 2009 - 11:36pm.

citi financial gave me a car loan. I had crappy credit at the time.

Submitted by preston9u10 on November 9, 2009 - 12:22am.

I did not know that getting loan is difficult after listening to many people. This is not the case with me I don’t know to which places you have visited and did not get the loan. I’ve got my loan from Meridian Financial (short term loans),

Submitted by j on November 9, 2009 - 1:41am.

Don't do it!

Dealerships make bank off of loans to people with bad credit. Go with the "cheap" (low price) used car paid for with cash. My grandfather never bought a new car and he is a millionaire.

My best friend from high school said he talked to a neighbor of a friend who is a finance manager for a dealership. The "finance" manager said that he makes 4 points on loans. 4 points is a lot to pay a dealership for a loan, so they are charging people big time for those loans.