Financing a camaro

[Anonymous]

Im having trouble trying to finance a 2013 camaro. My credit score is a 727 and I have good pay history. But I only jad one financing on my credit report of 7k. And they wouldnt finance me even with my credit score. What should I do to get this car and how should I convince them that I am loyal and committed.

[peacocks27]

Are you sure it's your credit? It might be your income. 

[Anonymous]

Im make 41000k a year. The dealership said I make good money. But its up to the lenders. They will give me the car at 575 a month. If the lenders approve me.But I only had one thing ever ffinanced but I thought credit would have a big say so.

[Mike360]

Even though you have a 700+ score you really don't have any credit or installment loan history. Score isn't everything. Lenders want to see how you've paid bills in the past. 

[Anonymous]

It's looking like im going to have to find a co-signer. But my salesman said it may go through if thought he knows ohter ways to get it financed. If nothing works it looks like I have to get more installments and pay off quickly

[boomhower]

Credit score isn't everything.  You have what's known as a thin file.  Your score is good but there isn't much history there to gauge your likeliness to repay.  Good Luck.

[Shogun]

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@boomhower wrote:

Credit score isn't everything.  You have what's known as a thin file.  Your score is good but there isn't much history there to gauge your likeliness to repay.  Good Luck.

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I like this answer.  In your case it's not what's on your credit report, but what's not on it.  It's not all about scores.  You will need to build a nice healthy credit profile.