Auto loan with my credit scores

[gsxr600k6]

Hi guys, I'm in urgent need of a car. My TU is 621 EQ is 549 and EXP is 586. I am looking to finance a car that is about $18k (used 3 series) I make about 44k a year. I have two charge off's that I am paying off. Would I still be able to get an auto loan?  If so, what are some lenders that are easy to work with.

[Remember0]

You should be able to still get a loan yes as long as you don't have a tax lien or something. I'd maybe start with Capital One or Roadloans and see what they say.

Before you apply to them though:

1) Do you have any down payment?

2) How long have you been with your current employer?

3) Any prior auto loans showing on your credit report (good/bad history)?

[gsxr600k6]

1. I would probably put down $1000-1500

2.I have been with my employer for 6 months now

3. Do prior auto loans.

[Remember0]

So you'll probably be able to get an auto loan, but the interest rate will be high. Some lenders you could try by yourself are Capital One and Roadloans (maybe a local bank/CU if you know of any that are forgiving). In general, I'd think a dealer may be able to get you financed at 10-15% APR as long as they use your TU score. Also since you have an auto loan, your auto enhanced might be higher than regular FICO and thet'll help you (assuming the old loan has good history).

I'd think about buying a less expensive car if I were you. If you really need a car now, you can save a lot in interest by buying a cheaper one for now, and then getting a better car once your credit score improves.

[gsxr600k6]

I found a used saab 2006 wit 70k miles that I can buy for $5k. Are there any places that are flexible with used private car loans?

[juggar]

I would go to an actual bank or credit union if I were you. if your willing to put down 1k on a loan that small im sure youll be approved. You must bring proof of employment and proof of income though.

[gsxr600k6]

So for anyone that is interested. I saw a really nice Bmw that I wanted. It was a 2011 that was selling for 23k. I applied and got approved but two things happened, one the car was sold and two they would have wanted 10k down payment. Is this just ludicrous or what?  23k and my gross income is 44k. I was going to put 1k down.