View Single Post
Old 10-10-2012, 02:24 PM   #8
WRteXan
Scooby Specialist
 
Member#: 223894
Join Date: Sep 2009
Chapter/Region: TXIC
Location: Sugaru Land
Default

I'm with Winston. I have financed 2 cars, but won't do it again. If they're doing special financing below 1.9%, I'd really take that into consideration just because I could handily beat that with a conservative investment. I financed my '09 mini (second financed car) at 0.9%. BUT I walked into the dealership with my check book intending to buy it outright.

General financial advice aside, if your debt-to-income ratio is within their (soa, dealership, etc) limits, usually under 30-35% as stated above, and you have an EXCELLENT credit score, you usually qualify for any loan. Excellent being 750 or better, not 650. If you don't know your credit score, annualcreditreport.com. DO NOT USE freecreditreport.com. It isn't free. http://www.ftc.gov/bcp/edu/microsite...ts/index.shtml
* Registered users of the site do not see these ads.
WRteXan is offline   Reply With Quote