"Where can I get a car loan with a 534 credit score? "
"I was told to try a credit union that specializes in bad credit loans, but I was denied.
I only need $5,000 to buy the car with my $2,000 down payment. Can I apply for a loan elsewhere or am I wasting my time?
“There are plenty of online lenders that specialize in poor credit car loans. They are usually easy to find with a quick Google search. If you go that route, though, you should be prepared to pay a super-high interest rate, around 20% or more.
Based solely on your credit score, a better option for you would be to take a step back from the car and save your money. In a few months, you might be able to pay cash for a car and avoid paying an inflated amount of interest.
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