I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

i want to trade in a jeep with a bad equity of $4000 the buick i want to buy only cost 10000 .

I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

Carrying $4000 of negative equity into a $10,000 car is a bad move. Even if you had great credit, most banks wouldn't write a $14,000 loan on a $10.000 car unless you had some money down.

Even without the $4000 in negative equity, it would be nearly impossible to get a low interest loan with bad credit unless you had a co-signer.

There are companies out there that would give you a loan with bad credit, but you will pay high credit card interest rates.

Best bet is to pay down the Jeep or sell it privately then buy the Buick or come up with a $4000 down payment and a co-signer.

I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

If you have bad credit and negative equity, just wait till it's paid down. The Buick won't be worth it. Getting into deeper debt would be a classic retard move....don't do it. Just beacuse the rest of the world is drowning in debt with a giant vacant smile on it's face doesn't mean you have to so you can buy a granny car.

I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

Yes, if you going to let the finance manager at the dealership set up financing for you down payment is required and your interest rate will be high.

I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

you will get a loan. But you are a %26quot;high risk%26quot; so your interest rate will suck.

This is an opportunity to help your credit. A cash purchase will not help....but if you finance this buick and pay all the payments, your credit will be much better shortly.

Good Luck!

I want to know if you have bad credit and a 4000 neg equity if you can get a auto loan and how?

Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times,

I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://www.counselingcreditcarddebt.com