I need to get a car loan for about 35k. Problem is i have some defaults that won't come off my credit file for another 8 months. Ran into some financial trouble about 4 years ago which led to the defaults. Both my wife and I work full time and we have well over a million dollars equity in our home. We have a combined income of over 250k. I do have 3 children all under 12. Using my savings is not option. My car just crapped itself so unfortunately I cannot wait and save for it. Any sound financial advice is appreciated.
Been in new job for only 1 month. Car repairs will cost over $5k for car only worth that amount.
Don't really need 35k. But do need something reliable as I use my car for work ie visiting clients, attending work related functions etc
off topic but can i ask what you do for a living?