How to Get a Car with Poor Credit History
- 1). Pay cash for an "old clunker" for $500 to $1,000 to accommodate your basic travel needs.
- 2). Open a savings account. Every month, deposit an amount roughly equal to what a typical monthly car payment might be. Do this for six to 12 months.
- 3). Trade in your vehicle plus the money you've saved for a more reliable vehicle. Continue saving the money you would have used for a car payment in your savings account for six to 12 months.
- 4). Trade your second vehicle in along with the money you've saved for a newer vehicle and continue saving the money you would have put toward a car payment for six to 12 months.
- 5). Continue trading up and saving every six to 12 months until you have the best vehicle for your needs.
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