Can I get car finance if i have bad credit rating?

My credit rating is bad because of late payments, will this affect me getting a used car on finance?

Can I get car finance if i have bad credit rating?
no it shouldnt but you'll b better off going to your bank 4 a loan as these companies charge very high interest!


Good luck darling x
Reply:For free consumer information on how to obtain a car loan with a bad credit history read http://www.getbadcreditcarloan.info
Reply:yes you can get financed....but your payments will be higher than mine. So the dealer will probably give you longer terms, say 72 months not 48.





Bad credit cost losts of extra money.
Reply:Yes, but your interest rate will be higher than the "norm"
Reply:You can there's plenty of company's out there But the interest rate is high because they think you will fail to make your repayments.
Reply:YES YOU CAN IT IS POSSIBLE TO GET FINANCEING AND YOU CAN OWN A CAN GO ONLINE AND GET A CAR FINANCEING QUOTE RIGHT AWAY OK THANKS.
Reply:Apply at capitalone.com or eloan.com and find out!
Reply:Sure. Be prepared to need a very big down payment, and to pay very high interest rates.
Reply:Why the hell do you want to borrow money to buy a depreciating asset? You are paying interest on something that is worth less every year? And the dealer will charge you a lot more than the going rate for a cash buyer... last year I bought a Mercedes-Benz 190E, one owner, low miles, alloys, 10-CD, leather, FSH, a truly superb drive, fast, smooth, economical (reasonably) and safe, for less than Two Weeks Pay. (I am a bit of a collector, and have others, just for fun.) What I'm NOT paying out on car finance goes off my mortgage, which has now just £15,000 to go. Pay interest on a mortgage, for a house, but not for a car! It's called 'banger-nomics' - I could sell that Merc today for what I paid for it. By next year, it will still be worth at least One Weeks Pay, hell, in two years it still will! If it depreciated to absolutely no value at all, it will still only cost me... Two Weeks Pay! If you 'buy' a car on finance, it's not yours until the last payment. A car worth £3,000 cash will sell for £4,000 to a credit buyer, and after the five years of payments, when you've paid about £7,000, including the interest, the car will be worth about £1000 - you have lost the £7000 in payments, and you lost the drop from £3000 to £1000. That's another £2000. Your £3000 (cash) car cost you £9000!!!! That's wayyyy more than Two Weeks Pay - and who wants to marry a car for five years anyway?


Last year a workmate of mine paid £3200 for a Vectra on a finance deal. Interset will add about £2600 to that.


I saw one a week later, just the same, sell on eBay for £780, cash on collection.





For cars, it has to be cash! Furthermore, people buying on credit tend to overstretch themselves, and don't have the money to service and maintain the car properly. This causes further falls in its' value...





Cash is king. When you're holdin' the foldin', and you let them see it, they don't want you to leave, they will reduce the price for you. They want your money!
Reply:it will effect u but try that yes car credit they say they give credit to anyone but sure they will charge you a higher rate of interest
Reply:u will find it nr impossible to get finance if u got no credit rating sorry
Reply:if ..and its a big if you can find some one to accept you for credit ..they will take you to the cleaners with their interest rates maybe closer to 30% than 5%..it realy pays to keep your nose clean
Reply:Yes depending on your finaces now. Be prepared to get a high repayment scheme and not a lot of credit though.