Dear Money Guy,
My car is having major issues, and I'm looking on buying another one. I don't have the cash to pay for one in full. So I'm looking to see what my options are for financing.
My credit isn't too bad, but I just started a new job and I don't have much money to put down as a down payment.
My question is: what's the best way to get financing to purchase a car?
Thanks,
- Rex
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Dear Rex,
Ah, don't you know the power of the internet? With just a few clicks, you can find hundreds of auto insurance companies offering their service.
But with so many too choose from, which company do you go with?
Well, the best option is to get a recomendation from a friend. If that's not something you feel comfortable doing (I wouldn't go that route, personally), then you should do your due diligence with research.
What company would I recommend?
Well, especially with your situation, I would suggest MyCreditTree.com. They are the ONLY company that you see advertising a 99% loan approval rate. And with the crisis going on in the financing sector (it's getting harder and harder for people to qualify for car loans), a bold claim like that should at least be given a glance. And you'll get an answer in 60 seconds!
You can visit the site by clicking this image:
They are a great company to deal with, especially if you have blemishes in your past or credit that might not be so hot at the moment. And the best thing about them is that you'll get your answer in about 60 seconds. Some companies take days to get back to you.
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Thanks for your help,
The Money Guy