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.

I approve!
 

Now go get your Nismo! :tup:

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

How much down?

Thinking about 3k..

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

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

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.

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

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

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.

Agree

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

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.

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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