Need to purchase car: Subprime credit high income have co-signer with excellent credit fixed income

[samadkins29]

If it's one or the other then my inclination would be to pay off the current car as you had planned.

[SoundoftheSuburbs]

I would purchase something nice but inexpensive. Even if you are looking for a luxury car, you can find a reliable W211 Mercedes-Benz E-Class (MY2003-2009) for under $10k. The V8s are more reliable and in better condition. You can also find some Lexus models which are even more reliable. I think going for a new car payment when you are worried about existing debt payments is misguided.

[Dynversmom]

While lenders use your actual credit scores they also have internal custom scores those are the scores determining the terms of your loan those take into account the actual structure of the deal ie. down payment , the type of vehicle , the mileage ,Ltv and believe it sometimes used cars score better because New cars depreciatiate significantly.