Score 644 for Nismo

Itz_Nismo · 03-03-2014, 08:07 PM

Hi everyone, I was just wondering if a 644 experian score on my credit score would get me approve for a 28k loan to purchase a Nismo with a good downpayment. I don't want to visit any dealership right now and run my credit risking that i might not get approve with a loan.

Zbrah · 03-03-2014, 08:27 PM

Now go get your Nismo!

Itz_Nismo · 03-03-2014, 08:28 PM

lol... you didn't even answer what i was asking.

TerribleONE · 03-03-2014, 08:43 PM

How much down?

Itz_Nismo · 03-03-2014, 08:48 PM

Thinking about 3k..

Realale · 03-03-2014, 08:51 PM

Wait 28k loan + 3k down? 31k out the door for a Nismo?

Zbrah · 03-03-2014, 08:51 PM

Quote:

Originally Posted by Itz_Nismo

Thinking about 3k..

Apply through your local Credit Union, that'll be your best chance otherwise you're going to get raped by the dealership. Good luck.

Itz_Nismo · 03-03-2014, 08:56 PM

Good to know. I'll try my luck with my credit union if they can finance me that amount with a low apr. If not i have to just wait till i get my hands on one.

ohohoh123456 · 03-03-2014, 09:22 PM

out of personal experience. You will get approved, but with a high interest.

Volk Z · 03-03-2014, 09:43 PM

You know credit score isn't all they look at... Debt to income ratio, job stability, can you handle a Nismo.... Those kinda questions

NismoNox · 03-03-2014, 10:12 PM

I had a 630 with 3k down, I low balled the hell out the dealer trying to sell the 12 Nismo for 35k, got it down to 29k lol and I had to get a co signer with a +650 to get approved, I also had a 10 Altima SR with only 7k left too pay off, probably why I needed the co signer. What banks really look at is how much you make monthly. If your a first time car buyer, you might need a co signer aswell.

NismoNox · 03-03-2014, 10:12 PM

Quote:

Originally Posted by Volk Z

You know credit score isn't all they look at... Debt to income ratio, job stability, can you handle a Nismo.... Those kinda questions

Agree

Volk Z · 03-03-2014, 10:27 PM

Quote:

Originally Posted by NismoNox

I had a 630 with 3k down, I low balled the hell out the dealer trying to sell the 12 Nismo for 35k, got it down to 29k lol and I had to get a co signer with a +650 to get approved, I also had a 10 Altima SR with only 7k left too pay off, probably why I needed the co signer. What banks really look at is how much you make monthly. If your a first time car buyer, you might need a co signer aswell.

Nah your right why would a bank care if you could afford the payment. .. wrong that's why they got a Co signer with you so if u skip out or realize you can't swing the payment then guess who's liable....yep the Co signer

370zseth · 03-03-2014, 10:41 PM

You shouldn't have a problem, I went two weeks ago and was approved with 3k down and a credit score of 550 (ex-wife did a number on me ) I didnt pull the trigger cause it was a high payment, figured I'd come up with with 6-8 as a down payment and ill get it a bit better.

Sent from my SPH-L710 using Tapatalk

NismoNox · 03-03-2014, 10:44 PM

Banks do look at monthly wage, they estimate by cutting it in half and some other Stuff you mentioned, at least that's what big banks do, I was approved by Wells Fargo and a personal banker took me thru the process. 1.9% for 48 months with 730 credit co signer or main signer since he had a better credit score. Smaller banks tend to get you approved easier which I avoided for the high interest. I didn't need a co signer when I took out the 10 Altima SR for 29k, didn't have any loans or debt back then, got approved with a 750 credit score

03-03-2014, 08:07 PM	#1 (permalink)
Itz_Nismo Base Member Join Date: Feb 2014 Location: San Francisco Posts: 11 Drives: Nismo 370Z Rep Power: 11	Score 644 for Nismo Hi everyone, I was just wondering if a 644 experian score on my credit score would get me approve for a 28k loan to purchase a Nismo with a good downpayment. I don't want to visit any dealership right now and run my credit risking that i might not get approve with a loan.

03-03-2014, 08:27 PM	#2 (permalink)
Zbrah A True Z Fanatic Join Date: May 2013 Location: The370Z.com Posts: 4,956 Drives: 370Z Rep Power: 5452	I approve! Now go get your Nismo!

03-03-2014, 08:43 PM	#4 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5850	How much down? __________________ 638WHP 541WTQ @ 13.5PSI Build thread

03-03-2014, 09:22 PM	#9 (permalink)
ohohoh123456 Enthusiast Member Join Date: Jun 2013 Location: (‧‧)nnn Posts: 329 Drives: a Baby Rep Power: 12	out of personal experience. You will get approved, but with a high interest. NismoNox likes this. __________________ 13 NISMO\|Magma Red\|F.I. TDX 12''+NRHFC\|

03-03-2014, 09:43 PM	#10 (permalink)
Volk Z A True Z Fanatic Join Date: Aug 2011 Location: Laguna Beach, CA Posts: 2,214 Drives: Nismo Z Rep Power: 3066	You know credit score isn't all they look at... Debt to income ratio, job stability, can you handle a Nismo.... Those kinda questions DEpointfive0 likes this. __________________ AMUSE * TOMEI * STILLEN * CRAFTSQUARE RECARO * 3M * TOP SECRET * SLICKCARBON

03-03-2014, 08:28 PM	#3 (permalink)
Itz_Nismo Base Member Join Date: Feb 2014 Location: San Francisco Posts: 11 Drives: Nismo 370Z Rep Power: 11	lol... you didn't even answer what i was asking.

03-03-2014, 08:48 PM	#5 (permalink)
Itz_Nismo Base Member Join Date: Feb 2014 Location: San Francisco Posts: 11 Drives: Nismo 370Z Rep Power: 11	Thinking about 3k..

03-03-2014, 08:51 PM	#6 (permalink)
Realale Track Member Join Date: Apr 2012 Location: West Covina, CA Posts: 515 Drives: 2012 PW 370Z Nismo Rep Power: 14	Wait 28k loan + 3k down? 31k out the door for a Nismo?

03-03-2014, 08:56 PM	#8 (permalink)
Itz_Nismo Base Member Join Date: Feb 2014 Location: San Francisco Posts: 11 Drives: Nismo 370Z Rep Power: 11	Good to know. I'll try my luck with my credit union if they can finance me that amount with a low apr. If not i have to just wait till i get my hands on one.

03-03-2014, 10:12 PM	#11 (permalink)
NismoNox Base Member Join Date: Dec 2013 Location: Los Angeles Posts: 243 Drives: 12 NISMO 370z #0277 Rep Power: 11	I had a 630 with 3k down, I low balled the hell out the dealer trying to sell the 12 Nismo for 35k, got it down to 29k lol and I had to get a co signer with a +650 to get approved, I also had a 10 Altima SR with only 7k left too pay off, probably why I needed the co signer. What banks really look at is how much you make monthly. If your a first time car buyer, you might need a co signer aswell.

03-03-2014, 10:41 PM	#14 (permalink)
370zseth Enthusiast Member Join Date: Feb 2014 Location: Palm Coast/Daytona-FL Posts: 319 Drives: 12 370Z Rep Power: 24	You shouldn't have a problem, I went two weeks ago and was approved with 3k down and a credit score of 550 (ex-wife did a number on me ) I didnt pull the trigger cause it was a high payment, figured I'd come up with with 6-8 as a down payment and ill get it a bit better. Sent from my SPH-L710 using Tapatalk

03-03-2014, 10:44 PM	#15 (permalink)
NismoNox Base Member Join Date: Dec 2013 Location: Los Angeles Posts: 243 Drives: 12 NISMO 370z #0277 Rep Power: 11	Banks do look at monthly wage, they estimate by cutting it in half and some other Stuff you mentioned, at least that's what big banks do, I was approved by Wells Fargo and a personal banker took me thru the process. 1.9% for 48 months with 730 credit co signer or main signer since he had a better credit score. Smaller banks tend to get you approved easier which I avoided for the high interest. I didn't need a co signer when I took out the 10 Altima SR for 29k, didn't have any loans or debt back then, got approved with a 750 credit score

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