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Posted in Auto Loans
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Question By
Ponreal91

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I'm trying to get a 40000 dollar car loan with a 605 could I get approved with a cosigner

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How about being smarter and selecting a good used car that  is 2-3 years old and will cost thousands less?  A friend wih an excellent credit ra ting but fixed income found a 2011 Hundai Genesis (that's a high end, very classy car) for $22000.  If you can get any car ;loan with a 605 score, you will have a high interest rate.  And I discourage co-signing any loans for anyone.  You just may have to wait a bit an work on improving your credit score so that you can find a decent vehicle at a good price.

FYI-I do noit buy brand new vehicles.  Let someone else 'eat' the depreciation.  You can buy spray cans of 'new car smell' for cheap and enjoy that smell for a lot longer and a liot less than from a brand new car.

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