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Buying a car help?

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Anonymous
Not applicable

Buying a car help?

2003 BMW 3 Series 330xi 4dr Sdn AWD

Miles 80,888

738TU FICO

 

Oldest account opend Two Years ago Exactly

Average life 1 year

8% on credit card

 

Ill carry 1200 from my current car.

If I can't get approved what options do I have I don't want to spend more then 380month.

 

 

 

 

Status as ofDate opened [?]Date of last activity [?] Loan type [?]Largest past balance [?]

Mar, 2012
Jul, 2011
Mar, 2012
 
Automobile
$8,347

 

 

 

Status as ofDate opened [?]Date of last activity [?]Date closed [?]Loan type [?]Largest past balance [?]

Jul, 2010
Jun, 2010
Jul, 2010
Jul, 2010
Automobile
$6,095

 

 

 

 

 

Status as ofDate opened [?]Date of last activity [?]Date closed [?]Loan type [?]Largest past balance [?]

Jun, 2011
Dec, 2010
Jul, 2011
Jun, 2011
Automobile
$5,729

 

 

 

Message 1 of 4
3 REPLIES 3
pizzadude
Credit Mentor

Re: Buying a car help?

 

What are the terms of your existing auto loan ~ Is your concern that you wouldn't be approved for this car or that you'll get unreasonable interest rate ?

 

Also, is there any way that you can pay down the balance on your loan so that you don't have to roll over into the new loan ??  

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 4
kimmiller112
Frequent Contributor

Re: Buying a car help?

Is the car worth more than the amount owed on it or are you underwater?

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Message 3 of 4
Anonymous
Not applicable

Re: Buying a car help?

Thanks guys, reason I asked is the sales manger wouldn't submit the deal I went to the bank I'm at now with my old car loan.

They approved me with a 739 48months @ 6.4 16k total.

 

Bank was communityWide FCU

I was upside down by 1200 I paid that upfront.

Income level 25k-30k bracket.

Message 4 of 4
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