I am asking because my credit is weak but my income is very good. I would really like to finance the car that I want with the dealership looking at my income instead of credit.
2007-02-03 15:25:50 · 8 answers · asked by shannoncarwell 1 in Cars & Transportation ➔ Buying & Selling
they base it on credit...sorry.
find a dealership that uses "credit acceptance corporation" as a bank and you should get financed. they are a 2nd start financing company and I personally know the owner. They are based in Michigan but the owner owns a car dealership as well here in Cincinnati.
normally you can find these dealerships pretty easy as they will have a blue and white sign that says "guaranteed credit".
2007-02-03 15:30:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You will not have a problem. My brother had a bankruptcy with no credit after it and a new job, and got the same 0% interest rate special as everyone else With NO cosigner.
Car sales are too competitive to let anyone get away based on weak credit.
2007-02-03 15:34:20 · answer #2 · answered by Kiss My Shaz 7 · 0⤊ 0⤋
I think u will have a high interest rate anyway u go, but if u can try to go through a credit union, if u can they usually can help u out and give u a better rate the banks or the dealer ship. Good Luck in looking for a new vehicle.
2007-02-03 15:33:33 · answer #3 · answered by cannondale96 3 · 0⤊ 0⤋
If your income is that good, just save up a really large down payment. They are never going to overlook your credit because it shows how well you pay back loans. A large down payment will put the creditor in a safe equity position.
2007-02-03 15:33:59 · answer #4 · answered by Walter D 3 · 0⤊ 0⤋
They will look at your credit, and you most probably will get financed. The only catch is, your interest rate may be sky high.
2007-02-03 15:30:33 · answer #5 · answered by RiverGirl 7 · 0⤊ 0⤋
they just look at your credit your credit tell them how good you paid off bills how fast and all that stuff that is what they want to know........But yeah if you have a good flow of anual income it should help a little.....you could try building up your credit again
2007-02-03 15:31:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
make a larger down payment offer on the car if enough money changes hands you can get a car financed, have done so myself especially if you can put at least 3,000 cash down
2007-02-03 15:33:59 · answer #7 · answered by billc4u 7 · 0⤊ 0⤋
don't finance - if your income is as great as you say it is you should be able to put money aside every month until you can afford to buy it.
2007-02-03 15:35:40 · answer #8 · answered by strawberryrhubarbpie 3 · 0⤊ 0⤋