I am looking into purchasing a different car come next summer. I have made some repairs on it just recently that cost a lot of $$$, and thank the Lord for the Chase Plat. w/ 2.99% intro rate! Anyhow, would you be a lot more likely to get loan approval from a credit union when you have a built up savings account. I am guessing I will have between $1500 and $2000 by next summer in my savings, plus the savings in my ING Account, which I could show them. Do all those factors play a role or do they just base the decision on your past credit history? Thanks for any advice!
mostly credit score. Right now, you will get better financing , from a new car dealers due to the troubled market. They believe i have a chance on a $41K car lease with my crappy credit. I was approved for a $27K loan instantly with my rocky credit. Try the credit union, be warned, some charge an application fee.
Does the credit union look at all of your inquiries in the 2 year history, or are they more concerned with those in the last year? 6 months?
