Credit Advice

well alot depends on your debt to income... if what you pay for rent mortgage and expenses directly related to keeping a roof over your head, ( rent mortgage, taxes, insurance, and utilities) should be no more than 28% of monthly take home, and your total expenses, (EVERYTHING you spend monthly on bills, loans credit card, food, car expenses the wohle thing) should be no more than 36% of your monthly take home. you could be making a milion a yr, but with borderline credit, if your DTI percentages arent there, you WILL NOT get a loan... what down payment do you have.,.. if you are looking at a $30K car, you'd better have at least 10K in cash down plus your trade, or youre not gonna be apporved either. your score is low but you may score a new loan, if you have the other 2 areas covered..

I do not understand why you want to spend 20K or so for a car. This is outrageous. Come back down to earth and pay cash for a used car. No one will loan you money. You are a huge risk. It is a blessing that you do not qualify.

 thank you matman1490 for your constructive response unlike keesdewit who is apparently either jealous that i now thank god can afford it or just plain bitter about life. i do have a question though, so if i am now making $4,000/month take home, my expenses for everything including food and bills cannot exceed 1440, ie 2560 saving per month, that sounds a bit outragous to get approved for a car loan that would have payments of $300-$400 per month max. i am able to do up to $3000 down payment as well as possible trade in worth $5500 or probably give me $3000-$3500 for it. i don't have a mortgage, i rent, 540/month, 300 in revolving payments, and bills about 200/month, so realistically i should be approved, just wanted to without a cosigner. didn't know if anyone outthere knew what the cutoff was for credit score or income vs bills that you would be approved on your own!

Samshark, I just bought a new Prius last week. Toyota Financial has a 0.9% APR available to Tier 3 or greater. My credit score on here is in the low 600s, Toyota put me at Tier 2. The cutoff (on the low end) for Tier 3 is 620, so it must have been an auto enhanced score. I got 26K financed at 0.9% for 60 months with no cosigner or down payment. Hopefully this helps. FYI, 4 years ago, my credit was terrible and I was offered an APR greater than 16% on a 16K car. So, even with awful credit, there will be someone out there willing to finance you (Capital One, some online banks).

Also lot's of deals on lease vehicles right now!!!!!!!!!!!!!  Good Luck.

A lot of banks also look for job stability also when they are going to be giving you a loan also plus bank statements showing your monthly expenses including rent and income every month