What is the lowest price of a car that they would finance me for?

Do dealerships have a limit? Like would they let me finance an used car that costs $4,000? Also I have really bad credit. If I'm approved for $4,000 what should I expect to pay as a down payment and interest? Thanks

What is the lowest price of a car that they would finance me for?
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. You may find a bad credit loan here,





http://badcredits.awardspace.com/





You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
Reply:s14 nissan 240sx


1986 ae86 toyota sprinter trueno


1986-1992 fc3s mazda rx-7





the ae86 should cost around a few hundred dollars to 2k depending on the condition.





the fc3s should cost around a few hundred dollars to a little over 2k depending on the condition





the s14 should cost around 2k to 4k depending on the condition.





then save up to tune it.





if you don't know what these cars look like then type in AE86 or FC3S or S14 in google.com and take a look at these cars.





these cars are all rear wheel drive sports cars, you just got to clean the engine, do a paintjob, put new suspensions, intake, exhaust, and turbo with blowoff valve and new injectors in it then ERGHERGHERGHERGH VROOM PSST!!!!! VROOM VROOM PSSSTTTT!!! VROOOOM PSSSSTTT!!!!!
Reply:The minimum that a lender will finance is $7500.00 anything less then that would have to be a personal loan.





There are a lot of options out there for a bad credit auto loan


Just don't get suckered into the scams.





A Tip For On-line Applications :


1. If there is no phone number to call to find out more information don't fill anything out.


2.Find out as much information as you can on how the process works.


3.Try to do a background on the company your applying with(Example the Better Business Bureau) .








Application services, predominately found on the Internet, involve automatic multiple submission of financial information to potential lenders. In this case, the potential borrower fills out some in depth financial information. The coordinator of the network then forwards the information to lending sources that may be willing to make the loan. When all works correctly, the borrower hears from four lenders who then fight for the loan by competing against each other to offer the best rates and amortization. For bad credit auto loan candidates it may be more a case of one or two lenders coming forward without much fighting, but where not many sources exist this can be a great time saver.





In most of these cases, either the car dealers or lenders may contact the borrowers directly. If you don't have a car in mind already the dealer networks may be quite helpful in directing you to someone who has an inventory of vehicles and the experience and capability of securing a loan on the vehicle you wish to purchase. If you already have a vehicle in mind and are having trouble finding a financing source the multiple submission networks may be helpful.





Even with all of these opportunities which will allow "almost" anyone to obtain vehicle financing some borrowers will fall into the category that can not. People with no down payment whatsoever and bad credit may find it very difficult getting car financing. Debtors in the middle of bankruptcy proceedings may find that financing is not available until their bankruptcy case has concluded. Others may be pleasantly surprised to find financing only to realize payments on these loans beyond their means.





Don't be discouraged if your first few attempts at financing fail or if you have to settle for your second or third choices of vehicles. With perseverance, and if needed a little polishing up of your tarnished credit, you should be able to obtain safe and reliable transportation despite a previous bout of bad credit or bankruptcy.





~Hope that Helps ~
Reply:I'm in Australia and a few years ago we bought a used car with finance. We didn't have bad credit, just no credit rating but no banks or dealerships would give us finance. We ended up getting finance with GE. The car was $4000 and it had to be less than ten years old. There was no deposit but the car was used as security. The interest rate was a staggering 32%. The repayments were close to $100Au per fortnight.


Friends of mine have bought cars through dealerships and interest rates seem to be below 20% and deposits vary from $100 and up. They also had bad credit. As to the lowest price they will finance, it just depends on the dealer.