re: Bad credit auto loan, big down payment

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So you want him to spend $15k on a truck that will depreciate while he builds his score up, and then buy a $50k with what will now be less than $15k down payment?

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What will depreciate faster, 15k truck or 50k truck? In two years, a 15k truck will be worth 10, and 50k truck will be worth 35k. Coupled with the 3k he would save on 7% interest next two years! he'd be much wiser waiting two years building up credit score! holding out for 0.9 - 1.9% deal and saving over the long run, having more options than he does now.

Edit: Where did you get 2% apr? Who gives a guy in the 500's a 2% loan?