Tips on Buying Cars: Lease trading or auctions., auto auctions, danger zone

Question
My car has just completely broken down and I need a new
one as soon as possible.  I live in Los Angeles and don't
have disposable income.  Do you have any thoughts about
lease trading or auto auctions? My credit isn't the greatest,
but I can afford a few hundred per month (I had been
putting that much into the old car).  Any input in lease
trading or auctions would be very much appreciated.
Thanks,
--Ward  

Answer
Hi Ward
With you credit not being up to par its important you hook up with a dealer whom really knows credit challenge and will set you up financing or leasing...
As for trading any dealership will take your car as a part or full downpayment...
As for buying at an auction thats a real danger zone...
I know you need wheels and any dealer would love to sell you some...all dealers will have you fill a credit application...this is where you must have hooked up with the right dealer...you dont want to many credit bureau's in your file becauce the next lender will see other turndowns and will most likely also turn you down...
Follow some steps... go to my website and click on bad credit...auctions etc   www.usedvehiclefacts.ca
Have you got any $ as a down payment ?
Are you working ?
Can you supply paystubs ?
Have you tried anywhere and been turned down ? if so did you sign a credit application ?
Will any kind of vehicle be acceptable till you get your credit re-established ?
Will guide you further if you like Ward...in the meantime you have a good day
 Regards
 Ray