"What are my options for getting a car loan if I have been denied multiple times based on my credit history? "

"I was really bad with money when I was in college and now I have a poor credit score. My car is on its last legs and I need to finance a new one.

I have about $10,000 saved. What are some other loan options that might possibly work?

"

Answer provided by
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Johnny Puckett
Answered on May 25, 2021
“You could try to apply for less money and submit a bigger down payment. Sometimes that works when you have bad credit. However, your interest rate will likely be really high.
$10,000 can buy you a really nice car, and you can usually find some pretty reliable cars for around $5,000.
Instead of getting a loan, have you considered paying cash to buy a cheaper car outright? If you do this, you can save a significant amount of money since you won’t be charged interest.
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