Posts Tagged ‘Buy A Used Car’

Can I buy a used car with bad credit, but with a cosigner with great credit?

Eva L asked:


My friend just paid off all her credit cards(about $4200) she also saved up about $8000 for a down payment on a car she had her eye on for about 2years. Her credit score fell about 160-200points, she just finished paying $1900 on her last card, now wants to buy a $17,000 car with $8000 as a down payment, her mother is willing to co-sign but my friend is unsure if she’ll get the loan if she does the monthly payments would be out of her price range. Will she be able to get a loan how high can the interest on a car be?

bad credit car loan