I am currently in the market for a vehicle. I want a newer car for less than $12000. I know my budget and including insurance I will be more than fine financially if I finance this over 48 or 60 months. I have a mid score just under 600. I have a successful auto loan payoff. I have a valid credit card that shows on time payments for the past year. No bankruptcy, no student or outstanding loans. With little or no down payment(up to $1000) how likely am I to be financed on a new or one or two year old vehicle? Also what can I expect percentage wise? And has anyone in a similar position tried eloan?
Will I be financed? Auto Financing Eloan question.?
Well, it depends on how much dept you have at this time. It is very possible to get finance for a new vehicle with that credit score. My husband just bought a $ 28,000.00 truck and his score is in the mid 550%26#039;s. The interest rate might be a little high all you can do about that is just try and pay an extra $20.00 each month and it will help more than you think. Good luck.
Will I be financed? Auto Financing Eloan question.?
it would help if you told us why your score is so low.
Will I be financed? Auto Financing Eloan question.?
There%26#039;s no doubt you%26#039;ll probably get the loan if you agree to a high interest rate.
You should put a limit on just how high of an interest rate you%26#039;re willing to accept...say 6-7%.
Anything over 10% and you%26#039;ll never pay it off.
Check this out:
http://www.buy-new-car-used-car.com/arti...
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