credit score is 500 how can i get a new car?

[Steve H]

i live in new jersey and i want a 100% financing on the new honda civic...any know how i can get approve with little or no money down??? please help me

[Nicole T]

I used to have problems like that with regards to credit scoring. Firstly you need to see if you have any spare cash around cos that will lowere the payments on the car if you have it on finance. Find a good car dealer that will not charge you an arm & a leg of interest and make sure u understand everything in that damn contract.Trya nd only have a 3 year contract with the car, ask for a payment card or book and make extra payments and when the first year is done, providing you have started saving as well, try and pay a big lump sum off the car

[src50]

No chance.  People with 700+ scores are being denied right now.

[spifiman1]

Auto finance is what I do for a living and sorry but this simply will not happen.

People with good credit are being forced to put 20% down just to get approved.

There are not that many lenders left that buy down to a 500 score in the first place and none of them will do 100% financing.

[wildbirdie]

You need to get in touch with reality.  A brand new car is a luxury.  Save the money that you were going to use for payments and get a decent used car in six months.