Well the new car isn't new its a used car. Im buying it for 13500 OTD Every dealer is selling the same year and model for 18k and they are telling me that is a good price and I should buy it. And really im just wanting a new car and this is the oppurtunity to get one while someone wants to buy mine.
I do appreciate you talking to me explain thing and not just telling me no you have no way. I will find out tomorrow if I will get the car or not.
Starting Score: 475
Good luck 
Pay the TTL if you can.
One other FYI: When buying the vehicle there are also 2 other values: What you pay, what you can sell for. If the "value" at dealer is $18k, you would not be able to trade in or sell private party for that amount. So, only consider the value of private party sale as max value. You can't get a dealer price. So even on used, you will pay a dealer premium and thus suffer depreciation on that part. If you finance TTL, you suffer that on the note also.
he well the private sale price on the car is 15500-16k still well over the 3k. The dealer said that it's been on the lot for quite some time now and they are just trying to get rid of it. (not sure if that's true or not) I tried to talk them down some put all they would do is 300 dollars then they told me 300 for documentation fees. Any tips on how to get them lowered?
Well, I wanted to use my bank for the fiancing but right now the car values for them are so low that you would have to come up with 3k to get the car. I would like to use a credit union but tbh I can't find one that im qualified in. Any tips or advice on that.
No the car is worth 18k retail and 15k private party but my banks are willing to only cover 60-75 percent of any car right now. I will sign up to that penfed when able.
Well just thought I would update you. I just got a call from the dealership and they said I was approved for the loan only thing was they needed a proof of income saying I made over 1800 bucks which I don't I make roughly around 1400-1500...So that sort of sucks! Do they require a proof of income if you have a really good credit score? Because I've decided to keep my car for another year and let me get my credit score up to 750 or so then I will try again. Im pretty proud of myself because at least I know I can get a loan without a co-signer for being only 20 years old.
cory - you just showed some true credit grit! Rather than forcing a bad deal for "get it now" you have decided for yourself to move in a longer term positive direction and I promise you are going to really appreciate your new car, improved credit, better interest rate/terms and lower payments in a year.
Save hard, see if you can increase income, pay down debt. A year from now you will have more money, better credit and can shop in a whole different way.
While you are at it, pick the CU of your choice and open your savings account with them now. Put your car savings for down in there. Build a relationship with the CU over the year leading up to your purchase. Then the relationship will pay off and you won't be a new member asking for a loan.
Good luck and God's speed!
Thanks
Im pretty down on it but I know that once i get my goal score I can have a better ease on my mind knowing my chances are pretty good at getting a car.
Put like my question above. What type of credit score is required before they want to see a proof of income and is it true that no lender will look at you if you make less than 1800 bucks a month?