What are the chances of me buying a car?

Question

the car is priced at 23,000

i have 5,000 to 7,000 to put down.

my co-signer score is in the high 600's

i've only been working at my job for 3 months

i make 350 a week

i have 1 credit card that i only used like twice but theres no balence on it. payed on time always.

im 18

so obvisly i basicly don't have credit.

so what are my chances of getting the car?

p.s i dont wanna hear oh why not buy a cheaper car so you dont have payments or why not save it no i just expect you to answer the question i asked you! so thank you.

Answer 1

You were doing fine on your question until the PS you threw in there which showed an attitude that will stop many from answering your question.

Your down payment is well over 20% which is excellent.  600 credit score is just over poor into fair, unless it's over 660 which is the start of the "GOOD" range.  Add to that you not having a credit score to speak of and only 90 days on the job, and they may either turn you down or ask for more down.

But give it a try, you never know, they may just up your interest rate and approve you.

Answer 2

With a co signer there should be no problem. As far as that car that is completely your business. You will be the one paying for it so enjoy.

Answer 3

most likely you will get the car

TO ANSWER THE UPDATE PART TO YOUR QUESTION:

Yes, having that money in a savings account will more than likely get you a loan from the bank in which the account is held at and a bit lower interest rate.

Thats what i did when i bought my new car....I put like $2,000 in a savings account at my bank and went to the dealership, they ran my credit and a bunch of banks responded but i get the best rate from the bank that my $2,000 was at because they will think you have good money set aside and will have no problem paying for the car.  I put zero money down and financed the whole thing, even the tax, tags, fees, EVERYTHING!

One more piece of advice, whatever rate they give you, you could ALWAYS negotiate just a tad little bit and tell them that you HAVE to have a lower rate than what they gave you...TRUST ME, they dealer doesn't want to lose the deal and they will go fight with the bank and get you just a tiny bit better interest rate which will save you nearly $500 over the course of 5 years of paying a car loan!

Answer 4

you will get the car

without established credit your APR may be higher than normal.

Answer 5

most likely you will not get the car. if you do you interest rate will be High.

Answer 6

please search here.You will get everything

http://xrl.us/kjske

Thanks