Bad Credit Used Car Loans
Used car loan in San Antonio- bad credit?
I live in San Antonio Tx and am self employed contractor. I have “risky” credit, how can i get a used car loan for 5500.00? Its difficult for the creditors to get ahold of all my clients except 1 who can verify income of 2000 mo before taxes, also i have tax return from 2006 that shows 12k approx. Any advise? I tried the credit union im a member at and was declined. Have repo on record from 1 yr ago.
I can’t tell you how to get a loan, but I can recommend the place I bought my car from. They do in-house financing.
Dee Cees Sales on FM 78 in Cibolo
their phone# is (210) 659-8422
I was in a situation where I desperately needed a car and no one wanted to finance me because I had bad credit (no repo’s though). I checked out several places that did “in-house financing” but they all wanted a large down payment or huge monthly payments or both. Most of the time I would go home do the math and realize that by the time I had finished paying off the vehicle I had looked at that I would have ended up paying twice what the vehicle was worth. (Blue book value on one vehicle I had looked at was $6,500, I would have ended up paying a little over $13,000 for it) I was almost ready to give up when a lady I knew recommeded Dee Cees so I decided to go check them out. They had several cars to choose from. So I talked to them and told them how much I was able to pay and they worked with me to find something within my budget. And when I went home I did the math to see how much I was going to be paying for the vehicle and turned out that I was only going to be paying a little over blue book value by the time I was done paying for it. I had a mechanic friend check it out and he said everything looked good. I was very happy when I left driving MY “new-to-me” used car.
Also keep in mind, I didn’t get the car of my dreams but I did get a good car at a reasonable price with a low down payment and monthly payments that I was able to afford. They really do try to help you with your needs and won’t take advantage of you like all the other places that offer “in-house financing”.
Sorry if I have rambled on, but I just wanted to tell you about my personal experience with them. I hope this helps.
If you have any questions feel free to email me at kristinad2006@yahoo.com
Good Luck!