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re: Bad credit auto loan with big down payment?

Posted on 2/25/14 at 11:43 pm to
Posted by DanielTosh
Member since Feb 2014
32 posts
Posted on 2/25/14 at 11:43 pm to
Got laid off right before that job and was young with little experience so it was hard to get another job and had a lot of bills. Wrecked credit and took a few years just to repay everything. Back to topic on the loan.
Posted by Hog Springs
I'm on a boat
Member since Nov 2010
4436 posts
Posted on 2/25/14 at 11:43 pm to
So you had a couple of late payments?

Or did you have a repo?

I do this for a living by the way.....
This post was edited on 2/25/14 at 11:46 pm
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 2/25/14 at 11:44 pm to
If you're making $150k now just save $50k over the next 8 months and buy your truck then. Assuming you don't have a mountain of debt.

This post was edited on 2/25/14 at 11:45 pm
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67601 posts
Posted on 2/25/14 at 11:45 pm to
Someone will finance (rape) you but you may be looking at an interest rate over 10% and may have to out about 25k down
Posted by magildachunks
Member since Oct 2006
32541 posts
Posted on 2/25/14 at 11:47 pm to
quote:

Got laid off right before that job and was young with little experience so it was hard to get another job and had a lot of bills. Wrecked credit and took a few years just to repay everything. Back to topic on the loan.



OK.

Second question: why do you need a 50 thousand dollar truck?

Is your penis really that small?
Posted by RBWilliams8
Member since Oct 2009
53419 posts
Posted on 2/25/14 at 11:48 pm to
Yes you can. Brother went through essentially the same situation as you, put down 7k and got a 35k loan. So he got a 42k truck.

Small town bank and family does a lot of business with them. So idk how it works with a bigger bank.
This post was edited on 2/25/14 at 11:50 pm
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