I have been shopping for rates since monday through the dealer and penfed and have had no luck so far.
I keep getting the same response of having very little credit history and that i should apply with a co-signer, however i am unable to find a cosigner.
Are there any lenders out there that i may have a chance with? I have received suggestions of talking to a loan officer directly in person. Thoughts? Anything Helps!
Here's what i'm looking for, and my situation:
Looking for: $59,991
So with state taxes and other fees, the base amount i'd be financing would still be $59K
The vehicle is a 2013 Nissan GT-R.
Income: $103,000 / Yearly
Fico Score 8 Equifax: 747
According to my FICO report, the average age of accounts is : 4 yrs and 8 Mo.
I've finished paying off a capital one auto loan of $19,999, and still paying student loans off.
I have one credit card: Chase that i opened up 5 months ago. 6% Utilization.
Thanks again, anything helps!
First the answer you want to hear - Try credit unions like DCU.
Now the advice you don't want to hear. Reflecting on past mistakes purchasing nice cars was one of my worst financial mistakes.
If I had to do it all over again I would have forgone the nice new cars and purchased a condo in my early 20's. If I did that with it's appreciation (at the time) I could have easily stepped up houses a few times and been in a very nice house by now.
Just taking some gueses here that a 60K loan will run you from $975-$1,050 a month. Are you sure you are comfortable with that type of payment? Put that payment in the bank for 3 months and see if it really is OK.
Also consider alternatives. I know it's not the same but you can lease a BMW 3 series for low $400's sign and drive not a penny down. Not my dream car either but it doesn't stink. The $600 a month difference over 6 years (3 year lease but let's assume you do it 2x) is $43,200 before any interest that could be used as a down payment on a house. Where do you see yourself in 6 years?
Also a 2013 is almost 6 years old now and will likely need some maintenance which can be expensive on a Skyline no?
Just the confessions of a car addict:
1984 Dodge Daytona
1985 Mustang GT
1987 Mustang GT
1984 POS Nissan beater SUV
2003 10th Anniversary Mustang Cobra heavily modded to 600RWHP
2016 Mazda 3
I am sure I am missing some cars and those were mine not my wife's.