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Reply to "Need a new car with horrible credit and little money down, possible?"
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[quote=Anonymous]So, you buy anything, you will owe 10K+ the replacement car. I know you will not get a loan with favorable terms, and probably won't get a loan at all. Since your credit is in the shitter already, your best bet might be to let the car be repossessed, and hope the bank writes it off. Otherwise, consider bankruptcy. Buy a cheap sedan with cash....My sister, for example, keeps buying 1996-1999 ford taurus's for about 1K. They work until they die. She usually gets 1-2 years out of them. In 5-7 years, hopefully you are back on your feet credit wise...[/quote]
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