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Tried to finance a car today declined with 10k down

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Old Mar 7, 2009 | 05:45 PM
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Default Tried to finance a car today declined with 10k down
I cant believe it, I went to three different dealerships to try and get an 08 350Z, 10k down, and got denied everywhere. My credit score is a 620, so its kinda low, but damn, depressing
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Old Mar 7, 2009 | 05:54 PM
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620? are you black?
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Old Mar 7, 2009 | 05:57 PM
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Originally Posted by kutnupe14
620? are you black?
hahahaha


How old are you op?
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Old Mar 7, 2009 | 05:59 PM
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Originally Posted by lady_z33
My credit score is a 620, so its kinda low, but damn, depressing
enough said, with a 620, i wouldnt give you credit for anything..
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Old Mar 7, 2009 | 06:15 PM
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Do you have bad car credit history?
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Old Mar 7, 2009 | 06:18 PM
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Originally Posted by R3VAN
Co-signers FTW
Co-signers FTL
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Old Mar 7, 2009 | 06:23 PM
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Ya but with 10 down he should still have a chance you would think. I guess the score is too low.
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Old Mar 7, 2009 | 06:24 PM
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Pay your bills, you dont deserve a $20k+ LOAN!

I'm surprised they didn't approve you for 15% or more interest, most non paying bill people accept that rate!

Last edited by zand02max; Mar 7, 2009 at 06:26 PM.
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Old Mar 7, 2009 | 06:26 PM
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Originally Posted by Chromex319
Ya but with 10 down he should still have a chance you would think. I guess the score is too low.

At 620 she should qualify for something even if it's in the 12%-18% apr range. She's got something on his report that's disqualifying her.
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Old Mar 7, 2009 | 06:26 PM
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Originally Posted by JDMFairladyZ33
At 620 he should qualify for something even if it's in the 12%-18% apr range. He's got something on his report that's disqualifying him.
yea, not paying his/her last car note!
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Old Mar 7, 2009 | 06:28 PM
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Originally Posted by zand02max
yea, not paying his/her last car note!

yeah... just notice the OP might be a girl..... but that would pretty much do it for you... missing payments... repo...etc. I know people who defaulted on their mortgage and can still buy cars.
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Old Mar 7, 2009 | 06:31 PM
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Yeah I don't know about this. When I got my old Z28 I put 3500 down and got a brand new one and my score was like 570 back then, lol
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Old Mar 7, 2009 | 06:32 PM
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probably due to lack of credit, DTI, job time and so on.
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Old Mar 7, 2009 | 06:33 PM
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^Yeah that could be one of reasons.
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Old Mar 7, 2009 | 06:51 PM
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Especially now how bad the car business is... they're chomping at the bit to sell anybody a car these days... so OP you must really have something on your report.
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Old Mar 7, 2009 | 06:54 PM
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620 is pretty bad.. your probably financing about 20k+ which is alot to lend someone with 620 credit score in this economy. At least the banks are aren't ****ing us even more.
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Old Mar 7, 2009 | 07:07 PM
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I wouldnt lend money to someone with a 620 either. That just says you have been irresponsible before. I am glad they are starting to watch who they are loaning money to.
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Old Mar 7, 2009 | 07:08 PM
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Originally Posted by kutnupe14
620? are you black?
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Old Mar 7, 2009 | 07:10 PM
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Originally Posted by HyperKnight
Yeah I don't know about this. When I got my old Z28 I put 3500 down and got a brand new one and my score was like 570 back then, lol
They were giving money to everyone then. Its why the economy is in the crapper now.
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Old Mar 7, 2009 | 07:25 PM
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Originally Posted by dave079
They were giving money to everyone then. Its why the economy is in the crapper now.
exactly, and im glad they are limiting this **** now
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