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Posted in Auto Loans
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Courtb5409

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Looking to buy a new car with bad credit
My credit score is 566. Debt to income ratio 21%. Bringing home about 4000 a month. Looking to pay 5000 down on a 22-25000 vehicle. Are there dealers that will work with that?

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Probably at a buy here pay here dealer.  Keep in mind that you will have a sky high interest rate.

Top Contributor
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Look for dealerships that advertise 100% approval or advertise for "bad credit, no credit". It would be a very good idea to work to build your credit up before applying for an auto loan. Look for ways to improve your credit, there may be some things that you can do. Also, remember that most auto lenders will use a version of FICO scores (usually an auto version).

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