topic Re: Will I get approved for a new car? in Auto Loans

Will I get approved for a new car?

Anonymous — Thu, 25 Apr 2013 16:11:35 GMT

Credit Score - 660

$3000 down payment

Nissan Juke (New)

Accounts:

Mortgage - $660.00

Student Loan - $340.00

QVC Card - $25/$900 limit

Bank of America Visa - $15/$1100 limit

CareCredit - $0/$3000 limit

Would I get approved and what would my interest rate be? (This would be my 2nd new car. My 1st car just got paid off in February 2013 - Perfect payment history.)

Re: Will I get approved for a new car?

Anonymous — Thu, 25 Apr 2013 19:51:26 GMT

I believe that the Creditor would look at a seperate FICO credit model for loans on autos.

Currently, Nissan has a 2.9% loans for cars.

Not sure when this ends.

If your income is high enough and no badies on your report, you should have no problems.

As a side note, I think you may be better off with the Sentra than the Juke, also a little less expensive.

Re: Will I get approved for a new car?

Anonymous — Thu, 25 Apr 2013 20:08:34 GMT

@Anonymous wrote:
I believe that the Creditor would look at a seperate FICO credit model for loans on autos.

Currently, Nissan has a 2.9% loans for cars.

Not sure when this ends.

If your income is high enough and no badies on your report, you should have no problems.

As a side note, I think you may be better off with the Sentra than the Juke, also a little less expensive.

Oh, I make $31K a yr. I don't want a Sentra. I want a Juke. Lol

Re: Will I get approved for a new car?

Anonymous — Fri, 26 Apr 2013 01:00:16 GMT

0% for 36 month's or 1.9% for 60 month's. Just work it into the deal.***

***Subject to residency restriction. Varies by Nissan Region. Customer may choose (a) special APR with NMAC cash, (b) standard APR through NMAC with customer cash and NMAC cash, or (c) customer cash. Financing is subject to NMAC Tier 0 through Tier 1 credit approval. $27.78 per month per $1,000 financed at 0.0% for 36 months, $17.48 per month per $1,000 financed at 1.9% for 60 months, $15.15 per month per $1,000 financed at 2.9% for 72 months, on all new above-noted vehicles in dealer stock. NMAC cash available when you finance through NMAC and is subject to credit approval. Down payment may be required. Cash back when you purchase from new dealer stock. See dealer for details. Offers end 04/30/2013.