Saturday, October 31, 2009

Will I still be able to finance a car with a 630 credit rating?

Yes, you may have to pay a higher downpayment and your APR may be high, but you will still be able to. Further, you may not be able to be financed through the dealership; you may have to go through special financing. Try not to set your sites too high (BMW, Mercedes, etc.), but chevy and ford are good companies who work with people with less than perfect credit. Your APR won%26#039;t be higher than 24% (which is incredibly high). Too avoid this, you may want to find someone to co-sign for you.



Will I still be able to finance a car with a 630 credit rating?

there are good 630%26#039;s and bad 630%26#039;s. depends on alot of things. what your debt ratio is, most recent credit history, time of employment, time at residence.



Will I still be able to finance a car with a 630 credit rating?

Yes but really what matters when buying a car is what is on your credit report.



Will I still be able to finance a car with a 630 credit rating?

Yes, If you are not trading in a negative equity trade in. You will be approved for a loan based on your Credit score if your job time is 13 months or more and you make more than $19000.00 annually. I doubt a used car would be best for you because the interest rate would be 14% or higher. I would try for a special rate from the manufacturer. Ford is more lenient than GMAC. They also have 0% right now. Also think about what you can afford. Most lenders will give you 30-35% of your monthly net income. Car dealers are going to try to make you feel you are dirt but you should qualify for a decent loan. Good Luck!!



Will I still be able to finance a car with a 630 credit rating?

Having a good credit rating, helps a consumer get a loan or credit at better rates and for larger amounts.To know %26quot;How to



improve credit rating, credit score%26quot; plz follow link-



http://www.acreditlibrary.com/improvecre...

No comments:

Post a Comment