Can i get a car loan with bad credit and no down payment?

rendonwarren asked:


what would be the interest rate, and monthly payments for a loan for $18,000?

bad credit loan

8 Responses to “Can i get a car loan with bad credit and no down payment?”

  • bdancer222 says:

    bad credit loan

    Maybe, it depends on just how bad your credit is. But the interest rate will be very high. You would be better off to save up some cash for a downpayment and look for less car — something under $10K. You could then finance it for a shorter period and as long as you paid all the payments on time, you would build some good credit history.

  • Discovery says:

    bad credit loan

    This is a joke isn’t it?

  • przfynezt_69 says:

    bad credit loan

    Having bad credit can jeopardize you in so many ways that I understand completely what your going through.But the reality of the situation is that everyone who has bad credit will have high interest rates and will definetly have to pay upfront..No one wants to lend someone money when they owe money which sucks..but try to save up alot of money so that way you’ll have the down payment and lower your interest rates, thats the only solution i can think of..Theres many options including financing a used car but you have to make sure you have enough to put for a down payment..

  • mjghunter says:

    bad credit loan

    Save money and pay cash. Have you not learned anything. Come on.

  • JD Bell says:

    bad credit loan

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  • Danny says:

    bad credit loan

    1. You want to buy a car that cost $ 18,000.00 before financing , insurance ,etc.
    2. You have bad credit !
    3. You have no down payment !
    4. Are you serious ??

    First of all you would be lucky to qualify for a loan to buy a used car at least five years old..You are aware of the current credit crisis our nation is in , maybe you are not.You might get a buy here at 25% interest rate / repo here car dealer.. Your best bet would be to save up , buy a car you can afford , try to rebuild your credit and then trade up..

  • bad credit loan

    Very unlikely.

    No lender will give someone an $18,000 loan for a vehicle who has bad credit and no down payment. At least not without a quality co-signor and strong income.

    99 percent of time, situations like this end up in my office and eventually end with a repossession.

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