Saturday, October 31, 2009

Can I get a car loan from a dealership with a credit score of 641? Thanks?

Anyone can get a vehicle from any dealership, regardless of credit score. But, the worse your credit score is, the higher the down payment.



Can I get a car loan from a dealership with a credit score of 641? Thanks?

absolutely



Can I get a car loan from a dealership with a credit score of 641? Thanks?

you can get a loan from a car dealer--and not one of these buy here pay here places. you may have a higher interest rate, which means that you'll have a higher monthly payment. but the more you put down, the better. i just bought a brand new 2006 silverado hd with a score almost exact. i pay over $500 a month for it, as my interest rate is 13.25%. but i would pay almost that for a used piece of crap with high miles. i checked into it pretty well before i decided to go new. go talk to a dealer and see what their finance people can do for you. also, i didn't have to put any money down, and i didn't trade anything in, either. just bring a large down payment, and be prepared for them to run a million credit checks.



Can I get a car loan from a dealership with a credit score of 641? Thanks?

Depending on the area that you live in a 641 is a pretty good score. You should have no problem getting a loan and a pretty decent rate as well.



Where I live a 585 score is considered the average and it will get you a good sized loan with a decent rate.



Good luck and check Consumer Reports before you buy a car. Also, check the Blue Book value at Yahoo Autos .com before you buy.

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