i WANT TO BUY A NEW CAR WITH NO MONEY DOWN JUST THE TRADE,FIRST TIME BUYER ,MY CREDIT SCORE ON EXPEDIAN IS 588,PLUS i JUST RECEIVE 2 CREDIT CARD ONE VISA ($300) no secure AND A GAS cARD FOR $400. BUT THEY ARE NOT IN MY REPORT YET.iS THIS GOOD ENOGHT.tHANK yOU
THENK YOU FOR YOU REPLY,i DOHAVE 5 INQUIRES 2 OF THIS YEAR THE OTHER ARE ALLMOST 2 YEARS OLD,tHE QUESTION IS WHAT BODDIIES I DO HAVE ? i DONT KNOW WHAT THAT MEANS i AM VERY NEW IN THIS ,BUT THIS IS IN MY SUMMARY
Open Accounts: 2
Closed Accounts: 3
Public Records: 6
Inquiries (Prev 2 Years): 6
I am an F&I mgr at a car dealership in California. Anyway there are a few banks that will pick you up, but you will be looking at rates in the mid 20's unless tou go to a dealership with a super great realtionship with thier captive lender (vw credit, ford credit, TFS, ect), if they are able to get you done there you will still be in the mid to high teens. When you do go just make sure the bank is in a good equity position maybe 80% wholesale, if they are you should have no problem getting a deal approved.