BMW, Infiniti Auto Financing - Bad Credit?
I'm without a vehicle and have to buy one within two weeks. My credit scores with the three bureaus hovers around 620 but I have good income, long residency in the same place, and no late payments or collections within the last two years. What's my best bet for finding a decent rate (my credit union won't finance under 640)? And is leasing out of the question, particularly with BMW or Infiniti?
Public Comments
- um...sorry dude......bad news. most lease options are only available to ppl with scores over 720....esp BMW. if you had late payments just 2 yrs ago, then perhaps you still are not "out of the hole" yet sort of speak and should not be looking into getting an expensive car. anyways, with a 620 score you will be lucky to get financed for a Civic with a 20% interest rate.
- You say all your info is good but your FICO is bad ? Better check https://www.annualcreditreport.com/cra/index.jsp And determine why the reality you state and your FICO are from different universes ! Also , even with current payments , If your debt to available credit is already over 25% , They tag you as maxed out and lower your FICO . What is your income ? Debt ? Current Avail Credit ? Good luck Just Curious , but is your financial predicament because you have attitude issues , Like BMW or Infiniti are your only options ? Do you realize popular And smart are Not always The same thing ? >
- check out this site they should be able to help you. http://www.speedyloanapprovals.com/autoloans.html
- Leasing wouldn't work but you can get dealers to finance even with poor credit. I was able to buy a brand new SUV through Ford and my credit score was ohnly 585.
- Try this out http://carloan123.net here you can get better rates.
* Some answers may have been provided by Yahoo! Answers.