What is my interest rate? Am I approved?
I have been looking at a new 2014 Ford that I do not only want but need for family size and circumstances. I can't keep buying used cars because they drain all my money in repairs and we drive ALOT so I need to start at 0. I'm really worried about what I can and can't pay. I have a credit score of about 565 because some cable bills, past due bills, and a bankruptcy from 2007. I have NO cosigner, not that nobody trusts me it is just I have no one to ask a the moment. What would my interest rate be? Can I be approved by Ford? I need the vehicle right at this moment because my current vehicle gave up for good. I also have an income of 1900 a month if it helps any with the determination.
I have NO down payment and I want to do an 84 month/7 year finance.
You are dreaming,
I'm not sure you would be approved with $2000 down. And the rate, if you found $3000 to put down would be 19-29%. And they'd jack up the car price by 10-20% too.
And 84 months is crazy.
I've been driving the same 94 model for the last 8+ years. It needs something about once a year. But I don't drive much either.
Your "needs" are not really the lenders problem. You have a terrible score and you have been able to save a grand total of zero. You have no chance without $2500-3000 down.
There's not a legitimate lender on the planet that will allow you to borrow a dime with a 565 credit score and no cosigner. If you could find any institution willing (certainly not Ford Motor Credit) you'd be looking at upwards of 25% or more. It's not going to happen, Sammy.
You couldn't finance a cup of coffee at Starbucks with 1.00 down. Come on.
What is your interest rate? You will not have one.
Am I approved? Not just no, but FU(K NO!
- Depreciation Rate of a Ford Ranger? Does anybody know roughly how much a Ford Ranger drops in price per year and per thousand Kilometers in Australia
- Ford approved aftermarket parts? I have a 2014 Mustang V6 and was thinking of installing some aftermarket parts (ie: BBK Throttle Body, Airaid CAI, Roush axle back exhaust, tune, etc). But, the dealership said the parts would need to be Ford approved, in order to not void the warranties. He suggested Ford Racing, but they don't make many parts for a V6. All I could find was an axle back exhaust. So, my question is, are there any other Ford approved aftermarket parts for a 14 V6?
- Got pre approved for a car loan but what do I do with my current car and car loan? Ideally I'd like to trade it in but I was approved up to 20 thousand dollars and Id like to buy a 14 thousand Ford Focus. My current car is financed but I just hate it and a year of ownership has been miserable. Am I able to trade in the car using the pre approval?
- Is it hard to be approved with ford credit? Anyone know how Ford Credit is? I've just applied for a finance on a 2017 ford escape, price is $38K and I'm putting $0 down. I'm 29 years old I make $20k a year and i've been at the same employer for 5 years. But i have no credit history other then my cell phone contract. Worried I will turned down, any one have experience with ford credit?