Welcome to weekly auto finance questions on LotPro. Every week we'll pull three questions from our servers to answer for everyone every Sunday. This week, questions on how much money do you need to finance, can you get a truck with a 580 credit score, and can you get the car you want.
How Much Money do I Need to Finance a Car?
Many things can affect how much you need for a down payment, but if you have at least $2000 you should be more then good for most eventualities. Fortunately if you're short, our financing partners offer no money down auto loans as options for our customers to take advantage of as well. Of course with money down your monthly payments are more manageable so we recommend putting down what you can instead of jumping into no money down car loans if you don't need to.
Can I get a Truck with a 580 Credit Score?
Short answer? Yes! Lotpro.com is partnered with financing companies that can help you buy a truck with bad credit. So even if you're trying to buy a truck with a 580 credit score, we can help you despite your poor credit and help you rebuild to a better rating.
How Can I get the Car I Want with Bad Credit?
While we offer all sorts of car financing options to help you get the car that you prefer, its always important to carefully consider the vehicle you're about to purchase if you have bad credit. If the vehicle is something you feel you can easily manage the payments on, then the vehicle you want should be no problem.
But if you are considering a vehicle that you might not be able to afford, or one that doesn't allow you to save in face you end up hitting a bump along the road, you would be better served to reduce your expectations a bit and rebuild your credit through a positive payment history. Then once we've helped you repair your credit, should you consider buying your dream car, with the cost is not so lofty.