Currently I am looking to buy a New Car Somewhere in the k dollar range. I am looking to pay less then 0 a month and understand I will have to pay a high interest rate. My Credit Score is 439 but I have 00 cash to put down. I did have another car loan just in my name which was repoed but I did the reedem the car after paying like 00 to the bank. The car was Pontiac G6 but totaled in an accident and the bank was paid off fully by insurance
My dad who has a 544 credit score is willing to Co-Sign the loan. I know his score isn’t that good either but he can show income of ,000 a year if that helps at all.

Around what amount would I be able to finance up to for a car? I’m guessing anything over k is too much. Also what do you think my monthly payments would be and what interest could I expect to pay?

Extra Info: I’m a college student but currently own 2 websites and make about 0 a week of those 2 sites total but don’t really have enough history to show income.
10 points to the best response

3 Responses to “Buying a New Car with Auto Financing and a Low Credit Score?”

1. Bob M Says:
   September 4th, 2010 at 11:32 pm

   I guess you should also check insurance quotes for the car before buying one, for example here: http://autoinsurance.maclenet.com
   As I rememer financed cars is more expensive to insure cause it requires full coverage.

2. Brown C Says:
   September 4th, 2010 at 11:32 pm

   so u r student and willing to get a car but have no credit score, don’t worry there are many online sources who provide car loans for students for any credit situation and also with low interest rates, try to contact them and get your problem resolved, for your reference http://www.carloan123.net my one of friend had recently got a student car loan from there and with no credit and also with low interest rates, you may try this source may this could be helpful to you.

3. SFpaVjp Says:
   September 4th, 2010 at 11:32 pm

   u can search and find out the price of car from the google website, below i have wrote a link of google website search that will help u.
   http://www.google.com/custom?q=buy+car&sa=Search&client=pub-9373119757076033&forid=1&channel=2112772174&ie=ISO-8859-1&oe=ISO-8859-1&safe=active&cof=GALT%3A%23008000%3BGL%3A1%3BDIV%3A%23336699%3BVLC%3A663399%3BAH%3Acenter%3BBGC%3AFFFFFF%3BLBGC%3AE6E6E6%3BALC%3A0000FF%3BLC%3A0000FF%3BT%3A000000%3BGFNT%3A0000FF%3BGIMP%3A0000FF%3BLH%3A50%3BLW%3A125%3BL%3Ahttp%3A%2F%2Fwww.google.com%2Flogos%2Fwaltergropius.gif%3BS%3Ahttp%3A%2F%2Fwww.google.com%3BFORID%3A1&hl=en

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