Hey guys, i was just wondering if there are any tips to financing one of these cars. I have applied for many types of financing, and they all seem to get rejected. I make enough money to pay monthly payments, so i dont see how its this hard to be approved for financing. Any tips are welcome. Thanks all

Future G35 owner

 

to be approved for financing you need to have a certain credit score, if its to low they will denie , but it might be something else.

 

your credit and credit history is what determine if you get approved or not

trust me i can make the payments and them some but no history means they wont even look at my app

 

ya right now i have no history, but thats why i have my dad cosigning. Even with a cosigner, i still get rejected.

 

how old are you and have you atleast had a credit card for one year?

 

Im 19 and i dont have any credit cards.

 

you should of gotten a card at 18 so then upon turing 19 youd have some history

 

so im screwd until i get some credit history?

 

yep, unless your dad has amazing credit and you only finace a low amount (meaning you better have a huge down payment) anit no one gona loan you money


you can try googling bad credit,no credit loans to see if one of those sites that helps people with no credit/bad credit will budge but expect to pay high interest rates

 

Hah....Im F***** My dad has pretty good credit. But we have a 30,000 dollar loan out for my schooling. I guess ill just drive my blazer until it dies. No new car for Corey.

 

yea that right there is your problem, look go to capaitalone.com get a card, charge every month, then pay 80% off of your balance every month

in a year should owe almost nothing and have a good credit score with steady payment history then try again


you might even be able to do it in 6 mos since your 19 and if that loan for school has your name on it then try to pay more than what your min is, thats a + for your credit score/history

 

go get a card and start building some credit... but remember to pay your monthly dues

 

Thanks guys I appreciate the advice!

 

I recall when I was trying to get a home loan back in 2001, I had no credit history either. one of the banks mentioned that as an alternative, if I could provide proof from 3 different companies that I have been paying my bills on time, then that would suffice. I got letters from my cell phone company, apartment, and cable company confirming that I have paid bills in full and on time.

hope this helps.

 

Try going to a local credit union. You may have to provide 2 recent pay stubs, and open up a savings account with them, but generally speaking they seem to be more lenient in approving loans at reasonable interest rates.