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xobabigrl87xo | Do you think i will get the auto loan? |
i have fair credit, my credit score is 604, i make about $800 a month and i had a cosigner who has a credit score in the 700 and makes $1500 a month, im trying to finance a car for 14,000 and im putting 3,000 down. i'm really anxious to know if i will get it or not, just curious what others will say. thanks :] |
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SASQUATCH
 |
Sure you will. If not convential financing then special financing. |
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AM-NM centaur
 |
I would guess no. Your payments will be close to $300 per month which is 40% of your gross income. You should consider getting something less expensive. |
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Brisa
|
Yes there are bad credit auto loans online for people with a poor credit history and low FICO scores who need transportation, and need a fresh start in repairing their credit. Although it may seem hopeless if you have blemishes on your credit there is a solution. First you will want to get rate quotes from various sources. This is very important, you should shop around to find the best deal. However, keep in mind that there are different<!--factors at play with each lender, as to whether or not you get a loan and if so at what interest rate. You can get approved for a auto loan.
http://badcreditloans.awardspace.com/How_To_Take_Out_A_Bad_Credit_Auto_Loan.html
But lets be clear, obviously you are not going to get the preferred interest rate on a car loan that a person with A+ credit will receive. However with a little research, especially online, you can find the best auto rate quote that meets your circumstances. Most people just dive head first into the auto financing process when-->buying a car, giving no thought to how the auto loan interest rate affects the overall cost of the vehicle or monthly payment. With no plan of action or alternative financing source, this results in them receiving high interest rates and high processing fees which lead to high monthly payments. |
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Hazel S
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It really depends on who's doing your financing and what the market is like. My guess would be yes. But check out this site for more info:
http://www.find-cheap-used-cars.com/used/buy-used-car.php |
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Marry M
 |
yes its possible for you to get an auto loan.don't worry its better for you to try for an online loan.bcoz lot of abnks in online lend loans even u have a poor credit also.i think that the below website will help you to find right solution. |
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don a
 |
car loan with a credit score of 540
There are a huge number of banks that deal with auto loans for people with challenge credit. The two best choices are:
1. Go to a very large dealership that advertises that they help people with credit problems. A large dealership will normally have more banks they work with, more talented leading specialist on staff, and stronger relationships with the banks. (There are exceptions to this rule of thumb.)
2. Put down a large down payment. The more money you put down, the more likely the bank is to give you the loan.
Also, note two additional things:
1. Depending on current rebate offers, a new car may be easier to finance with a lower payment and lower down payment for you.
2. Some credit unions are wonderful for people with credit issues.
My advice is to find a dealer you feel comfortable doing business with. Believe it or not, there are honest auto dealers and honest car salespeople. Try to find one you instinctively feel good about. Generally, you will get the best deal from a "good person".
--------------------------------------...
http://www.loansandinsurances.com/ |
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Carlos G
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I would have to disagree with the other answer provider I think your chances are pretty good because dealers will do anything to get you the car, I cannot say the same about talking directly with the banks though you can get a better rate from them. I got a car a year ago the cost 11365 with no credit history my dad as a cosigner who made like 1600 a month with good credit I think 680. I used to make back then like 600 a dollars a month(now I make a little less).We negotiated directly with the dealer so our interest rate was 9% |
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lost in love
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yeah u might but u will have a high rate and high payments |
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Heather
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Yes, with the cosigner you will. I received a $12k loan when I was 18 with no cosigner and had absolutely no prior credit, and I only made about $1000/mo. But I did get a horrible interest rate. |
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