Odds on getting financing?
I just saw something I'd like to get...'03 VW Golf TDi (yeah, yeah I know it's that new...but I'll make an awful lot of allowances for a Diesel). Only 45k miles, 5-speed, factory warranty, $12.995 (lower once I haggle them down, although this is already a fairly good price). It's a car I'd be pretty excited about; comfy, practical, and pretty highly tunable if it's reputation is true. Plus, it's still under factory warranty.
On my side, I believe I have fairly good credit; I have had a credit card for 6 years and I believe I have missed only one payment in that time (I'm not even sure I did...now I wish I'd dug into that further at the time). I'd be able to write a check for $1200, maybe $1300 down, or about 10%. I also have my van to trade in - I'm guessing based on what I paid that I'd get about $4000, although it's hard to tell with a conversion van. With all this I believe I could get payments under $200/mo. Cosigner(s) wouldn't be a problem.
My problem is that I'm not making a huge amount of money right now, calculated income is $416/mo, though I'm living at home and don't have much overhead. I'll definitly be making more this summer, maybe even enough to pay the balance off on the car. What are the odds they'd finance me?
Last edited by jcp123; 03-12-2007 at 11:25 PM.
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