My credit is very low. I work with a very good company. What are my options?
Asked by Jasmine2018 Dec 27, 2017 at 07:01 PM about the 2012 Honda Civic LX
Question type: Shopping & Pricing
1 Answer
Auto_Adrenaline answered 6 years ago
Your best bet is going to be one of two options: 1. Save up a sizable downpayment for a used car from a reputable dealer, get financing there at a slightly higher interest rate, restore your credit by making ontime payments. OR. 2. Go to a buy here pay here lot, make a small downpayment on a sky-high interest rate loan, restore your credit by making on-time payments and expect to have some repair bills as the cars on those lots are sub- par. I suggest the first as with enough of a downpayment, banks will still finance you on a good used car. Banks do not care what company you work for. They only care what your income is, your credit score, and your time on the job.