Guru Q&A: Can I Get a New Car with Bad Credit?

FiLife User Question: I have a 2004 Scion xB I have a Toyota loan with 11 payments left on five years. I have been late in the past with poor credit issues. Would Toyota still finance me if I trade to a new Toyota? -Rainfun FiLife Guru Answer: If you have been late on this loan and have had poor credit issues, it is highly unlikely that you’ll be able to obtain a loan from Toyota or any other lender on favorable terms. You can always apply, of course…but the new credit inquiry will give your