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♥♥♥ Am♥♥♥ Posts:1 2007-02-23 14:10:48 |
Is it possible for me to get a $20,000 auto loan without a down payment? my credit score is 811? |
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| I will say I make 2500 a month.
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ll_smartypants Posts:1 2007-02-23 14:12:52 |
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| Yes most defanitely |
| Not Myself Posts:11 2007-02-23 14:13:03 |
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| With a score like that, they'll practically give away the money to you. |
| holeeycow Posts:3 2007-02-23 14:13:13 |
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| Maybe. Maybe not. If you are making that much money, why aren't you saving 20% of it? |
| Charley Posts:2 2007-02-23 14:13:17 |
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| Your credit score it outstanding, so you should have no problem. Trust me, I have HORRID credit and I just got a new car.....they will do anything under the sun to sell you a car. |
| Roger B Posts:1 2007-02-23 14:13:18 |
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| definately! You have great credit, you shouldn't have any trouble getting financed. If you are in doubt, wait a month or two, save a couple grand and then go buy a car. |
| matts413 Posts:2 2007-02-23 14:13:34 |
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| I think that most banks will take that loan, especially with such a high credit score. You shouldn't have a problem. |
tiff21xy Posts:9 2007-02-23 14:13:38 |
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| with an 811, you could own the dealership |
| Peggy K Posts:29 2007-02-23 14:14:08 |
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| You'll have to go and talk to some banking people and see what offers you can get. I suggest that credit unions will usually give you the best interest rates, but sometimes a reputable dealership will do pretty good, too. |
| Reenie Posts:1 2007-02-23 14:14:38 |
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| Yes, absolutely. Here is a good site to look up loan information also. http://loan.divinfo.com/ |
| Pravda Posts:24 2007-02-23 14:20:29 |
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| We just bought a new $30,000. vehicle.... Zero down, No payments for 3 months, No money down... and 1.9% interest rate...$399 a month... and a 740 credit score. You have to know what you want and stand your ground. |
Imagine Posts:5 2007-02-23 14:20:29 |
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| Definitely yes, but be prepared for a pretty steep monthly payment. |
| daven71 Posts:1 2007-02-23 14:21:14 |
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| 811 is an incredible score. You could go the no down payment option but then again why would you want to? Your interest will be slightly higher regardless of your credit score. Auto brokerage is not like buying a home (someone mentioned 20% in an earlier answer)... rates do not fluctuate based on credit score. However, you can always refinance to improve the mfg's bank offering. Your excellent credit just will allow the dealer to makes the purchase faster and bypass a down payment... however, to keep your score 811 or better put money down. Total amount owed effects your score too don't forget...of course at 811... you certainly can give up a few points and feel no effect...LOL |
| cerbie86 Posts:1 2007-02-23 15:38:10 |
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| Yes they will
What your credit score does to you, however lowers your interest. BUT if I were you I'd shop around for the best rates - what I usually do is to go to a credit union and ask them for a print out of the rate that they are willing to give it to you. Bring the printout to the car dealership and show it to them - they will usually offer you lowER interest rate than the one that you have (it's better to earn little cash for em than nothing at all) |
| dragonfire Posts:17 2007-02-23 15:58:02 |
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| sure
go to a credit union you get the best rate ( better than any bank ) of course American car dealers are more anxious to sell and can offer zero down financing for tier 1 credit like yours but he payments will be high due to the short loan period |
| Maggy G Posts:3 2007-02-23 16:33:50 |
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| Try the below company |
| Mr Chris Peters Posts:3 2007-02-24 06:16:02 |
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| Hello There,
I am Mr Peters i am a registered loan lender who gives out loans at low interest rates of 3 to 5 %.I give out these funds to well interested borrower who are interested in using it for either for there business or for personal reason.If you have a bad credit and you are down financially,then you are in the right place as i will be sending you my terms and condition when you have stated the amount of loan you need. When contacting me please please include the amount of loan you need and your names for the loan proceed.I will be expecting your mail soon.Contact me via email at cpc_consultant@yahoo.com Thanks you |
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