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percent down req for guaranteed finacning

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joeblow2
Regular Contributor

percent down req for guaranteed finacning

What percentage would you have to put down on a new or used car to pretty much guarantee financing no matter what your scores are? 

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Anonymous
Not applicable

Re: percent down req for guaranteed finacning


@joeblow2 wrote:

What percentage would you have to put down on a new or used car to pretty much guarantee financing no matter what your scores are? 


Easy: 100%

 

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Scores are NOT the only factor, you have to have an ability to pay, stable job and residence. Assuming you are simply credit challenged but have an income and a working DTI, and are not behind on child support or  a mortgage 25% -35%is a good start to guarantee a deal.

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