Saturday, October 31, 2009

What is the general credit score a car dealership would like to see in order to get financing with a

interest rate? Thanks!



What is the general credit score a car dealership would like to see in order to get financing with a decent ..

As far as score goes at my dealership it%26#039;s 680or higher to get the best rates through Chrysler credit.



But car loans are based on a lot more then score as follows;



1. LTV (loan to value).



2. Term requested.



3. Age of vehicle.



4. Miles on vehicle.



5. Down payment.



6. Time on job.



7. Time at residence.



8. Monthly income before taxes.



9. Credit score/profile.



10. Total debt to income ratio.



All of these have to be in line with the lenders guidelines regardless of credit score.



What is the general credit score a car dealership would like to see in order to get financing with a decent ..

The dealership itself doesn%26#039;t extend loans, usually. They contact banks that do that. If you have a credit score of 650 or better you should be able to get a rate below 9%.



What is the general credit score a car dealership would like to see in order to get financing with a decent ..

not relly sure, I do homes

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