AboutJeremy Beck Expertise I can answer any question as it relates to the purchase or lease of a new or pre-owned vehicle. I can give you advice in purchasing from a franchised dealer or private party. Buying a vehicle can be a very difficult and frustrating experience, but it doesn't have to. Know before you Go! Let me help you with any of your questions.
Experience I have been in the automotive business for 10 years. I have held every position from salesperson, Finance Manager, New Sales Manager, Used Car Sales Manager, Finance Director, and Director of Sales and Finance. I graduated from the University of Texas with a major in Business Administration, and have held many sales jobs in the automotive sector. I am a member of the Association of Finance and Insurance Professionals (AFIP). I have also been trained by some of the best schools in the business including JM&A, Ethos, VT/AIG, Inc, and various others.
Question I hope you can help. My husband & I are needing to purchase a vehicle NOW. My poor car is stranding me & it is just time. His credit score is 584 & mine is 566. We are looking at a 2006 PT Cruiser with 23000 miles. It is at a large Toyota dealer in town. We have what could be classified as Situational bad credit. We had a large decrease in pay a few years ago & things just spiraled on the credit cards. The asking price on the Cruiser is 9995. We have 4000.00 to use for a down payment. I also have our w-2's and pay stubs to prove our income. Do you think, from experience, that the dealer will work with us? Will having such a large down payment help?
Answer Lashoma,
Thanks for your question. Absolutely the dealer will work with you. You are coming to the table with a large down payment, and you are committed with your stips. There is NO reason that you should not be able to get into that car. Now understand this, your rate will be high, and you need to be prepared for that. But other than that you should be fine to get approved.
