Bad credit score. Auto loan rejected at 3 places. Where can I try?

Answers:2   |   LastUpdateAt:2012-11-02 21:24:03  

Marisol Hernandez
Asked at 2012-08-26 19:45:17
I have 26 years old and just graduated from college . I have a credit score of 595 you know it's terrible to make getting a car loan . But this was mainly due to a couple of late payments ( both were under $ 100) and does not have much of a credit history because credit payments used often. But thank God , I make decent money now (about 120K per year before taxes ) and have never had any loan ( so my debt is still $ 0) . I am interested in buying a car for $ 40K (which again I know is too high for my credit score , but you can certainly feel afford given my current salary ) . I can put $ 10K down payment right now. My only expense is the monthly rent is $ 1000 and I pay about $ 6,500 after taxes. I 'm fine but I get higher interest rates , I am planning a way to refinance after 6 months or 1 year . Is this possible ? Also, I would really appreciate if people do not say " why do you need this car, etc ? " ( It has been my long standing dream )
Answer1GeriAnswered at 2012-09-06 05:25:04
Auto Finance is what I do for a living , and even with fairly low score you should have no problems getting approved because of its large down payment and income. MedlinePlus MedlinePlus Find a large distributor that advertises Special Finance and go talk to them , they will be able to tell you what it takes to be approved . MedlinePlus MedlinePlus Good Luck .
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