Car loan question?

hey im 20 years old right now for the last few months ive been slowlyyn off my credit card but the bad part is it was 400$ over limit ( 600 max ) i have now got it down to 540.. i just got a full time job to completly pay it off over this next month.. im going to be makin about 900-1200 a month aprox.depending on how many hrs they give me and my car lease is up in aug.. is that enogh time to build my credit back up and get a $20,000 loan for a car and save up about $4,000 in the bank (20%).. or would my rate be crazy... thanks guys

Car loan question?bank loan

If you can afford 20% down payment you should be OK. Think of it this way, the more down payment, the less risk for the credit company. Pay off the cards and go for it. Your time at the job may be an issue, but believe this....they need to loan you money just as much as you need to borrow it. You have some power here.

Car loan question? loan

One month is not enough time to really build up credit...depending what your score is now...it might go up some...but not a lot.|||Ive been in the auto sales buisness for a few years,so I hope I can help.First find out your credit score,and find out what your dept to income ratio is.This is important. Pretty much anyone can get financing,but intrest rates can be very high.shop around and see what is available,dont jump on the first thing that catches your eye.and also check with you own bank,they may be able to get you a better term rate on a loan.|||Hi!

I know a guy with similar problem to yours. He also had a full time job, but was almost bankrupt and he got himself a new car for around 18.000$.

He was surfing the web and applying for quotes for few hours and came down to this page: http://www.anrdoezrs.net/click-2158001-1...

I hope they will answer your questions in minutes.

Good luck

Nancy