Buy Here Pay Here Dealer
My wife has a recently divorced friend who is a mess. She just had her car repo'ed today while at work.
Anyway, partly to keep my wife from becoming her taxi driver I'm putting feelers out for anyone that might know/own/work at a car place that caters to those with worse than bad credit and is less buzzardly than normal. I'm of the opinion she hasn't hit bottom yet and won't turn things around until she does but she's deep into Lindsay Mode denial. The tough thing is she has two kids and the dad is threating to take her back to court to try and take away her custoday . . . . so my wife is struggling with it. Any leads? fire/aids tree/antifreeze/piihb/gaz |
pics?
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Damn, I missed that one. She USED to be hot. |
First of all, why would anyone want to finance a car for her when you describe her as someone who is less than responsible?
Secondly, the kids may actually be better off with the dad |
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Tell her to buy a $500 car that will last her a few months. Going to a buy here pay here lot is a recipe for disaster.
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Posted via Mobile Device |
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Buy here pay here is a nightmare in most cases. That being said, if she is a 590 or so a regular bank/dealership will get her bought. I have seen 470s get bought under the right circumstances. I would exhaust every avenue of traditional financing before getting interest bombed by a buy here pay here lot.
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If she's that bad, she'll likely need atleast 2k down and be prepared to pay crazy (15-20%) interest.
If thats the route she goes, just make double sure that they report to the credit bureau, so she can atleast start building better credit after biting the high interest bullet... many of those places dont report. |
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If she couldn't make the payment how can she make the down?
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How has she not hit rock bottom? This sounds pretty bottom.
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