Frequent Contributor
Posts: 329
Registered: ‎02-24-2012
Re: 8k used car loan, VERY high interest rate, really low debt to income ratio, VERY low score
[ Edited ]

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!

Last HP 8/29/14