Credit Score 736 is that good enough?
My mom has a credit score of 736, and I wanted to start mapping out cars she can afford to get me, monthly payment wise. Do salesmen lower the payment the higher your credit is, I do know dealerships lower interest based on how high your score is. My mom has been a school teacher for the past 16 years, a nurse and sells Mary kay products. I know she makes over 60,000 a year. The cars I want the most is a Mercedes Benz CLA 260 Coupe, BMW 328I, or a Ford F250 unlimited. She just bought her 2 cars in the past year she just doesn't make things understandable for me. Thanks for the info in advance.
Added (1). It's a Ford f 150 Unlimited!
First the salesman has absolutely nothing to do with the payment amount, they are going on what the bank tells them and e interest rate does have a lot to do with the credit score of the buyer
if she has the income then probably the bank would approve her but nobody but the bank will know
How old are you? Unless you're very young, you should be buying your OWN car. And if you're that young, should be looking at a much more reasonable car than the ones you mention. Your mom should work 3 jobs to pay for your extravegance? I hope you're just a troll, and this isn't a serious question.
No, the salesmen do not do that, your payment maybe lower because with a good great score the interest rate is generally lower
It's really good.
1. Salesmen don't decide on the payment; they decide on the price of the car, but the lender (a bank or finance company) decides on the monthly payment, based on your credit.
2. She can't afford to get you any car, even if the monthly payment for buying the car is free. The problem is that once the car is purchase, someone has to pay for insurance for it, and insurance for three cars, one of which is driven by person under 25 years old, costs more than a person making $60,000 a year can afford.
Franchise dealers will have financing, but you don't have to use it. The salesman have nothing to do with the cost of the monthly payment.
The credit score is good, but it also depends on what she can afford to pay with her income. If she already is financing two other cars, and if she has a mortgage and other expenses, she might not make enough to afford another car.
You may get lower interest with better credit, thusly lowering your payment.
If she already has two open car loans, I wouldn't really expect her to qualify for another. She honestly likely can't afford any of the cars you mention.
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