Brand new car with bad credit? How?
I am a single female (25), and live on my own. I currently drive a ’98 chevy cavalier, and still have a $ 800 payoff amount. My record is clean, and I was recently quoted a lower insurance amount (not like that will make a difference). Here is the deal. I just recently got a promotion at work which will require me to travel much more. I need a new car (or at least no older than 2 years old). I have horrible credit (which I know makes me a high risk). I GET ALL OF THAT. But, I know that people still manage to work this kind of thing out. Does anyone have any suggestions as to how I can get a loan for around $ 10k or so, and what I should do with my current car that I still have to pay off? I would appreciate any help!
Note: I do know my FICA score (which I don’t want to share), and have researched all of my credit information. Please be sensitive with your responses, I am not a naive, braindead sorority girl. I know what I am asking, and realize it is a difficult situation. So, please only give me genuine, helpful information. Thanks!
P.S. I am looking to pay NO MORE than $ 200 a month for a car payment. So, whatever I get as a loan MUST cover the new registration, taxes, etc., plus must keep my payments at or below $ 200 a month.
Thanks for any advise!