Soon you'll be sick of me. I'm wondering what I could reasonably expect to be offered. I'm looking to buy a 2014 Forester at the end of next month, should cost between 23-25,000, not including tax/tags/etc (I'll get 2% below invoice through the VIP program). I'm hoping to have close to $10,000 saved up by then to use toward a down payment, hopefully all of it won't be necessary and I can stash some for the payments. I'm looking to finance at 48, 54, or 60 months, and my income is just shy of $90k
Credit wise - right now, my scores as of 9/29 are EQ-660, TU-625, EX-627. I'm not expecting much change since the only thing that will change is me being dropped as an AU on a card with 90%+ Uti. My own uti is low (>5%) and will stay that way. I only have 2 cards - 1 with a 750 limit and 1 with a 700 limit, one of which reports a balance of $10 or less every month while the other reports $0. I do have 2 collections from 2011/2012 but I've heard the CAs (PRA & FCO) are tough to work with, so I'm letting them sit. I also have a repo from 2012 reporting , but it was paid because the car sold for more than what I owed.
Given that, what can I expect in terms of financing? I do have an account with NFCU, opened last month, so they'll be my first go to for financing. If you have a similar scenario, what did you get approved for, and through who?
