Down payment?

polarity

I put 9k. The credit guy also told me some information I didn't know about when applying for credit. It's not just your credit score, it's all about what's in your credit history. I have a credit score of 733, which is more than enough to get past any "Pre-Approval" crap, but since I'm 26 I have a pretty short credit history. My wife and I together make about $200k a year, but because of my lack of credit history banks were only willing to lend an amount that let my payment be $600 a month. Apparently they use your history to determine a safe amount that they believe you will pay every month. According to the guy doing the financing you could make $400,000 a year with a credit score of 780 and not get approved for a $40,000 car. It all depends on what you show inside your credit report.

If anyone here is a credit expert feel free to correct me, this is all information I was given by someone getting the financing setup for my Z and could just be dealer credit mumbo jumbo.

-polarity