Buying a Used Car…?
What do you guys think, In 3 months im gonna join a credit Union and apply for a used car loan for about $23,000 around. I pulled my credit history about 2 months ago and it consisted of this:
3 years of a $250 secured credit card all payments on time. 7 months of a unsecured $500 limit visa all payed on time, and a 11 month house note of $104,000 of $920.00 a month all payed on time. Since my second credit (7 months ago) card Ive been charging about 30% of each card and paying them off every month. It said my score was a 713.
I plan on putting 2k down and I make about $3,150 a month. Do my chances look good or bad for this new/used car Im aiming for in 3 months? what about finance rate? good or bad? btw im trying to buy a 4 door family car. 2008 Pontiac G8. The two things Im worried about is low credit card limits and enough credit history or how long Ive had credit????
Tags: 3 Years, 7 Months, Buying, Buying A Used Car, Buying Car, car, car loan, Credit Card Limits, credit history, Family Car, Finance Rate, New Car, Payed, Pontiac, Score, Secured Credit Card, Used, Visa
1 Comment at "Buying a Used Car…?"
Auto finance is what I do for a living and you should be fine with 3-years in the bureau, 3-trade lines with one being a mortgage which will be paid over 12-times when you apply your most likely looking at a rate of 5.5%.