I have 1k to put down payment but my credit is 588 fair and i make 1200 a month . Is that doable without a cosigner for a used car with payments monthly of $300?

Orlando Warren | Sep 18, 2020 | Category: Car dealer

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Address: 501 Gov Printz Blvd, Essington, PA 19029, USA

Janeen Conde | Sep 18, 2020

I wouldn't go anywhere with a score of 588. Your going to have a high interest rate. It's best you go through your bank for the lowest interest rate. Your car insurance may be just as high as your car payments.I suggest saving your money 4k to 5k and buy a older car out right so u wont have like 500 to 600 dollars going to a car monthly

Jacqueline Blundin | Sep 18, 2020

It should be, however, go to your bank or credit union and you can get pre-approved.

Emilio Reason | Sep 18, 2020

It depends on your other expenses. Also who you will finance with. Please don't use Ally, they are the worse. My payments are 343, but I make 3600 monthly. Unless you live with your parents, 1200 monthly with a $300 note will be tight, plus insurance. I would say no, but your lifestyle may allow it. Also 588 is not the best credit score. You're going to have a high interest rate.

jack farrell | Sep 18, 2020

U may have to put more down...they will work with u

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