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re: Bad credit auto loan, big down payment

Posted on 2/26/14 at 8:15 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25948 posts
Posted on 2/26/14 at 8:15 am to
quote:

if his credit is as bad as he says it's going to take a long time before he's going to get 2% this guy is bad with money and from reading this same post on the ot he hasn't learned his lesson...some people just aren't money smart


Yep. And he won't pay it off in 2 years, there will be some new toy in that time span, and he'll be broke making 6 figures.
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 2/26/14 at 9:51 am to
Very possible...APR could be around 8-10%.
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