honda civic length
What is the usual employment length that car loan companies look for?
I need to get a car for work. I have been working part time (31 Hours weekly @ $9.30 p/h) at FedEx Kinko’s for about a month now and all I’m looking for is a used car around
$7-9,000. At the moment I can’t really wait to save the cash, besides I need to improve my credit big time. My scores are 515, 526, 480 (Experian, Equifax, Transunion).
Should I save $1,200.00 for a down payment?
I did find a car yesterday (2001 Honda Civic) for 7,999 at a local Honda dealer.
Where do I stand?
So far I’ve made $1,150.00 this past month. So I’m looking at $1,150 per month. Since I will be working no less than 30 hours per week.
That sounds like your in a rough spot.
I think with your credit scores, the only option would be to go to a new car dealer, and see what kind of programs they offer. Dealerships usualy have special financing programs. General motors, for example, has GMAC, which is their own lending company. Ford with Ford Credit also has it. Probably every auto maker has some kind of program like this, even Honda if that fufills your wants. Auto makers are under pressure to sell vehicles, so they are more likely to aprove people that would normaly be turned down to meet quotas. The catch is you will pay and pay dearly in interest rates. Also, you will need to probably put 10% down, your monthly payments cannot exceed 20% of your monthly income, and you will have to buy a brand new, or certified pre owned vehicle which is no more than 4 to 5 years old.
There is another option, like buy-here pay-here, but that won’t help you with your credit because they don’t report to the credit beureus. Plus, they’re a big scam because you’d be making the same monthly payments you would be by buying from a dealership like I suggested, but you will be getting an old, beat up, piece of junk car.
The only other thing I could think of is to take some time and get your scores up to 600 or above. That would help out the most, but it takes time, and it doesn’t sound like you have that kind of time.
On a side note: I don’t know if working part-time will look good to lenders either. I think they want full-time pay, or higher part-time pay.
Franklin Perez’s 1994 Honda Civic Ferio Full Length Feature
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1992-1995 Honda Civic Super Turbo Muffler Direct Fit Oval 7 in. x 9 in. 2 in. ID/3 in. OD 12 in. Shell Length 20 in. Overall Length No Flow Directors SS Spouts
Muffler... |
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