If you have a car and something happens to it the first thing you think of is replacing that car, but it’s not always the best thing for you to do. In fact, you may want to think about whether you really need to have that vehicle for your family, especially if you have bad credit and a low income. After all, these things are going to impact the type of loan you’ll be able to get when you head into the dealership to buy that replacement vehicle.
Consider the vehicles that are already in your household. Is there another vehicle? If there isn’t then you probably need to get a vehicle so you can get to work or to the store and so you can help your children get to school. If you do have another vehicle you may be able to think a little more about whether you really want to pick up a second one. After all, you could save a lot of money by waiting a while or just going without that second vehicle, but you don’t want yourself or your family to suffer just to save a little bit of money (and lose convenience).
The question is one that only you can answer. Sit down with the others that would be affected and try to get a better understanding of your vehicle needs. When does each person need the vehicle? Would you be able to share it or is there too much running and overlap to allow it? Once you’ve taken some time to look over your needs you’ll be able to get a much better idea of what you really need for a car and what you don’t need. You’ll also be able to get a better idea of your finances.
Don’t let your family suffer and simply go without a vehicle when you really can’t afford to. If your family is going to struggle getting where they need to go or is going to have trouble trying to complete their normal daily tasks you will definitely want to reconsider the idea to stay with only one car. Even with bad credit and even with a low income, you can definitely get the car that you need if you decide that it’s important. And definitely for less than the trouble you’ll have if you decide not to get that car.
If you’re not sure about a loan or even if you’re not sure yet about if you can get approved you can find out even more info here. Just remember that getting a car is going to be a big investment and you really need to make sure you’re ready for that investment as much as possible. You can get a car even if you have bad credit, it’s just going to take a little bit more work and effort, so don’t let that stop you if you decide that you really do need to have a second car to help your family.