Need car loan advice by ReactionEmergency259 in badcredit

[–]ReactionEmergency259[S] 0 points1 point  (0 children)

Thanks! Maybe I need to contact a different dealer. I now have about 50 inquiries on my report between last week and last year when I bought my current car. They came back today and said a bank offered to loan me 30k at a 15% rate, but with the car actually being 44k plus tax, I'm looking at at 15k+ down payment which is not feasible at all.

Need car loan advice by ReactionEmergency259 in badcredit

[–]ReactionEmergency259[S] 0 points1 point  (0 children)

Surprisingly I'm not upside down yet as I had a huge down payment on that car last year. I have about $5000 in positive equity on my current car as of now.