no credit, bad credit, no problem type deals

[twisted_offroader]

Hello I just joined the site.

I am looking for a good vehicle. How do these used truck dealers do the "bad credit, no credit no problem deal"? Is it a higher down payment, higher monthly payment combination of both. Or do they just want your right arm and the shirt off your back. I would guess these companies want the customer to be working for a company for some time. I am currently not working, but can get a job right away, anywhere. Would the fact I just started working, after a loooong abscence scare these guys away. Or is it just a free for all with these companies trying to get anyone signed up, so they can keep the cash invested, if the truck is repo'd.

I am seeking a $2,000 to $5,000 truck. Unsure to what make/model yet. I would like a Jeep. Comanche perhaps. Late 80's early 90's.

[FiEND]

definitely higher interest rates.  theres lots of information if you google for it.  all i know is there's big bucks made in poor credit loans.

all i can say is if you go for something like that, bring some lube.  a cousin of mine got taken because of poor credit.  bought a $8000 car that cost him $16,000 after all the junk.  and the car was only worth about $4000 - poor credit = desperate = poor decisions.

[twisted_offroader]

lube lol

Well I can say I know my vehicles pretty well. And I wont be making payments for years. I just need some leeway, so I can save a bunch of cash. And pay it off right away. I know dealerships always hike their prices. But if I find my perfect truck from a dealer, i wont mind spending an extra grand.

[calltrex]

some of those companies charge up to 31% interest

ouch

[twisted_offroader]

31% APR is insane.

[mudslinginjoel]

keep it as a LAST resort,you'll be paying out of you.......you know....