Need your advice on a auto loan.

[keikdasneak]

I am thinking about finaincing a used vehicle, the vehicle i am interested in is around $30-$35k.
I have always paid cash for my previous vehicles. I can put down $35-40%, curious if i would get approved.


74k salary. (6 years)
Residence. (8 years)

Exp:668 EQ:620 TU:674

I have a previous reposession 2 years ago from co-signing for a family member. So i know this will make it pretty hard for me.

1-2 collections

10 Positive accounts for 4+ years

Thanks

[Jazzzy]

The interest rate might be pretty high.

Have you worked on trying to bring your scores up by trying to Goodwill that repo off your reports? Have you done any work on the collections...either Goodwill letters or Pay for Delete?

Even though you might be able to get the loan, by repairing your credit first you might get a much better rate making it more affordable.

[keikdasneak]

How high we talking? 15+% ??

[sherrrm]

Most likely yes. I work at a dealership in Oregon and we only work with bad credit and the lowest interest that we can usually get is from 15-20%...as high as 35% lol