Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
Glendale11

0 Contributions
0 People Helped
Auto loan viability
Hello,

I'm planning on attempting to purchase a new vehicle (ford fiesta) they sell for around 14k.

The question: with my credit and credentials what are my chances of being approved. What kind of interest rate should I expect?


My situation:

Credit score is Trans 621 Eq 617 , however I have close to 1000 in payments that has not yet updated. (All of my debt ) including a 2 year 5,000$ high interest rate car loan (100% on time)

The estimated trade in value on that 5000$ gem is roughly 800-1000 probably close to 8.

I'd prefer to use only my trade as a down payment but could throw a lowly 200-300 on top. Maximum of 500$

I make 26k to 28k a year and only pay 600$ a month for my apartment.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.