LongLost Posted October 27, 2012 Report Posted October 27, 2012 My car is slowly dying, transmission is going out. Ive been looking around local and found one on a lot for 5k that would be good for me. My FICO is 625 according to my MyFico. I think I can get the price down to 4k if I had a check in my hand. Is there a way I can get a loan for this? Way I see it would be a way to build new positive credit and have a decent used car. According to my credit reports I haven't even had a credit check on me in over 2 years. (Trying to rebuild and avid credit if possible). Dont wanna apply and get turned down which as I understand hurts credit. Would it be better to try and get a personal loan and try to haggle with cash in my hand?
bmc100 Posted October 27, 2012 Report Posted October 27, 2012 you should be able to get dealer financing with a 625 score. You should pay 4-5% on a car loan. J
LongLost Posted October 28, 2012 Author Report Posted October 28, 2012 Thanks, turns out a friend of a friend was selling a real cheap clunker that starts, runs and stops. Got it for $200 bucks. So no need for a loan after all. Thanks anyways
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