Hi darling,
At the end of the day, I also think you'll be fine.
Since your downpayment is so massive and your EQ FICO is mid-600's
that should be more than enough for Toyota to finance you. If not, your
local credit union should have no problem making this happen for you.
And yes, I would definitely make your purchase during the Labor Day weekend.
If you decide to work with the highest-volume Toyota dealer in your area, the finance
manager shouldn't have a problem putting a great deal together for you thru Toyota.
One suggestion: Since your Equifax is 649 you're gonna need an active and positive
tradeline with on-time payments to help boost your scores. So you might consider
cutting back on your downpayment from $11,500 to $10,000. Then use the $1,500
towards a few monthly payments so you'll be ahead and have some breathing room.
With mid-600 FICO scores, just having low monthly payments isn't the primary goal.
It's paying on time and having tradelines that reflect this fact. You may not be comfortable
with this idea, but it's something to consider since you're financing such a small amount.
Hope this helps you, darling. Please keep us posted on your progress.
Enjoy the weekend!!!!!
CanDo
"The right attitude is everything"