Re: 8k used car loan, VERY high interest rate, really low debt to income ratio, VERY low score[ Edited ]
03-01-2013 07:05 AM - edited 03-01-2013 07:09 AM
Try somewhere else, a reputable dealer. Not sure where you are applying - a used car lot or a brand backed dealer i.e. Ford, Honda, I think it makes a difference. Back in May I got a used car from a dealer financed by Wells Fargo at 10% TU was in the 500's. My previous car was financed at 20% with Santander. My score was prob in the 400's. With 3K down, I would think a good dealership will be sure you walk out with something affordable, with a better interest rate.
Good luck. Hope you get a good deal and car you like!