Wednesday, May 26, 2010

My credit score is 535 can I finance a used car?

Sure you can, but be prepared to pay higher interest rates and put down a larger down payment.



My credit score is 535 can I finance a used car?

Possibly. Depends on many things like what is the low score being caused by (late on previous car payments?), how long on your current job, downpayment etc.



My credit score is 535 can I finance a used car?

OF COURSE YOU CAN BUT PLEASE TRY TO GIVE 500.00 OR MORE DOWN YOUR INTEREST RATE WILL BE HIGH.HAVE FUN ON YOUR NEW CAR



My credit score is 535 can I finance a used car?

Most lending institutions don%26#039;t loan money on a car based on beacon score alone. You should also pull (or have pulled) all three of your scores. Equifax, Transunion and Experian. These scores can sometimes vary greatly and can certainly affect your interest rate or whether or not you even get approved. Money down always helps, and don%26#039;t try to buy something you can%26#039;t afford. Get yourself a NADA book at the store and try to find a car priced somewhere around 105-110% over trade in value. Also, if you do get approved, try to get them to knock off a point or two on the rate. I hope this helps, good luck.

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