Looking to get my self a new to me car and would like to know if i stand a chance
AAoA: 3 years 3 months
Employment: Full Time Been there 8 months
Credit Karma score: 573 And 555.
Myfico Auto scores Are 590, 595 And 585
Utilization: 44% now but will be below 30% by This week
Income: 18,000 a Year
Collections: 2 For 1300 total
Previous Auto Loan: 1 for 15,000 Paid Off never missed a payment, But had a co-signer
Car: Used 2015 Ford Mustang GT Premium
Legth Of Loan: 60 or 72 Months
Did you try Capital One Auto Navigator? With $5000 you might get approved but your credit scores, income, and length of employment might be an issue. They might tell you another cosigner is needed.
I know this isn't what you asked for but I'm going to say it anyway. Please consider a different car. A 28K car on an 18K salary is financial suicide. You don't need that car and honestly, I'm not sure you can afford it.
I agree with ALK11 I would hold off till you can increase your income. If you really need a car look for something 10 or less.
As a former empoyee at Chase and HSBC auto finance, you can expect to get approved for a car equal or less than your yearly salary. If you want that mustang, you're gonna need at least $10k down on top of 10%.. A cosigner would help, but if the monthly payment exceeds the comfortable DTI limit, you wont be approved.