Sunday, January 1, 2012

I have a bad credit score and I'm planning to buy Infiniti G37 Journey?

I currently own 2005 Toyota Rav4 and the car payment is about half done. I'm planning to trade my rav4 to Infiniti G37 Journey, but I have a bad credit score(600) :(


My question is: Is $5000(trade-in value) enough to cover the down payment? Is it possible to get a new car with my credit score?|||Please take my advice, do not trade in your car. Generally, car dealerships have a certain price that they cannot go below. For example, the sticker price on a car may be $18,000 but they can go as low as $14,000. I suggest you try your best to get the price as low as you can. Sell your Rav4 on your own, while it may not be as easy, the outcome is much better. Also, I stress that you do not buy this new car until you have enough money to pay at least half of it off beforehand. With bad credit, banks will jump to give you high interest loans, you'll spend so much money in the long run that the new car won't be worth it.|||It may be possible to get a car with your credit score, but it will mean a higher interest rate (if anything). Get your credit score repaired before you purchase the new car -- if you can wait a few months that is. I actually messed up my credit a while back and just recently started working with a credit repair company to get it fixed. So far I have been working with Unified Credit Services for about 2 months and about half of my credit has been cleaned up. At this rate, I hope to have my entire credit cleaned up within the next few months. My score has already gone up a good amount, and I presume after the rest of it gets cleaned up, it will get even better. After getting my entire report cleaned up, have talked to a credit counselor from that company, and the plan is for me to get a good credit card to start rebuilding my credit. I'll leave a link in the source box below so you can read up on how the process works.|||credit score doesn't matter, if your credit history is good than there is no problem with your bad credit score, i think you should go with a loan, there are many online sources who are providing car loan for people with bad credit and also with a low interest rates, so try to contact them and can get your problem resolved easily, for your reference try http://www.carloan123.net my one of friend had just get a car loan for bad credit and also with a low interest rates, so try them.|||Let me get this straight: You have bad credit and no money for a down payment, and you want to buy a $35,000+ car? Are you nuts?





Your Rav4 is just fine. Pay it off and stop trying to live beyond your means, and maybe someday you WON'T have bad credit.|||The $5k trade in will be enough but your interest rate will be high. Why trade the RAV4? Just continue your payments and work on your credit score. With the turmoil in the banking industry, now is not the time to get a loan with a low credit score.

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