How does a person with really bad credit over the years, but with a good stable job, get a decent car?.?
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I am 51 yrs old, single,have a stable job for last 13 yrs., on this job, and before this job, 12 yrs. on another job. Have had numerous ups and downs, kids grown now. My car is dead, I need transportation to work. I am 1 step from being homeless. I do not want a hand out, I have a full time job and looking for a part time job also. But I need transportation, and do not want another lemon, nor do I want high car payments. All I want is a car that I can afford to make payments on. I have next to nothing for a down payment.
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Answer:
Is there someone you know who would finance this for you? They can pay for the car and keep their name as legal owner with you as registered owner. This way if you stop paying they can take the car. Pay a fair rate of interest and pay both your payments and your insurance promptly. You have obviously struggled with paying your bills or you wouldn't be destitute now. I'm sorry for your problems but it isn't too late to develop good financial habits.
kathy e thomas of illinois at Yahoo! Answers Visit the source
Other answers
Well, you can go to a car lot that works with people with bad credit. The only problem with these lots is that the cars often have major problems or they charge exorbitantly high interest rates. Alternatively, you can ask one of your kids to co-sign a loan for you. Then you might be able to go to a used car lot that might have a better standard of car. You might get a better interest rate this way, and if you repay the loan in full and on time then that will help to repair your credit. The down side for your kids though, is if you don't pay the loan back then the bank can come after them for the money. Good luck on finding a good car.
Jen M
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