I need a car loan for a $10,000 car with $3000 down and bad credit. Does anyone have any good advice?

I went looking for a car today and wasturned down left and right for $6000 car loan. I recieved the same answer from every bank, they are only willing to finance people with prime credit no matter how much you put down or are willing to pay monthly. What should I do? I almost cried cause I need a car badly and don't want a trash car I mean cash car.I need a car loan for a $10,000 car with $3000 down and bad credit. Does anyone have any good advice?
I think you have raised the bar too high. You are asking to go add more debt to your credit record (which, yes, most banks are not going to touch right now), when you should be repairing your credit record. If you need to spend the time repairing your credit, then having a car payment each month only adds to the responsibility you have to carry. Not wise.





Don't scoff at paying cash for a vehicle. When you do so, it belongs to you, not the bank. It's less expensive to insure as well, keeping in mind that most banks require full-coverage insurance when you finance their vehicle.





Pay cash for this vehicle. Find you something that will get you around for the next year or so. Make sure you have it checked out by a licensed mechanic.





Then, for the next year, shove back $300 or so (which you would have paid each month on a used car with bad credit) into the bank. At the end of the year, you'll have $3600 and a paid-off car. If you desire to get another vehicle, you can sell the one you have for probably close to what you paid for it, and add that cash to the $3600 you have. So, now after only a year you can go out and pay CASH for a $6000 car instead of owing. Sound better?





Keep this up for several years, you'll be able to pay cash for a newer car that'll be yours.





So many folks put on the blinders and want that newer car NOW, and are willing to put themselves further into debt. Don't be one of them.I need a car loan for a $10,000 car with $3000 down and bad credit. Does anyone have any good advice?
Sorry. But the truth is you will have to pay cash for a car. Nobody will lend you money for one. Which you found out. Bad credit = no loan. Not from any bank, credit union, or outside lenders.





You also ruined your credit even more by getting all those turn downs. They are now on your three credit histories and are red flags even to predator lenders. It's not what you wanted to hear. And it really sucks. But it's the truth of what you're facing. It's cash only for you.
Have you tried your local federal credit union? Also do you have credit card? If you have like citicard or capitalone and you have good history with them then these companies are likely to give you a loan.
You're stuck with getting a car for that $3000.





Who's to say a $10,000 car isn't trash and was well maintained anyway?





You are a bad ;lending risk. You = beggar. Beggar can not = choosy.

jane iredale