Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

I don't have bad credit Im 24 years old. I've only had a credit card for 6 months and have been making the payments on time. It is the only credit card that I have before than I had no credit at all. I checked my score it's about 576. I want to buy this car from Ford Credit for 21,000.. I have 6,000 in cash for a down payment . I make $2,500 a month and been at my job for 2 years. I have never defaulted on any loan. I can afford the payments and car insurance. Will they approve me?What do you think?

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

Go to your own bank and they may very well approve it for you. All they can do is say no.

Do not pay any 18% interest at dealership just to get the car.

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

Chances are that they will. However you should see if you can get a loan from your own bank or better yet a credit union if you belong. As a sales consultant, I can assure you you will be paying a premium interest. At least 17%+++ Your down payment and time on the job should entice your bank to give you a better rate. Don't go on Fords word, shop for a good rate yourself. Chances are good you will save yourself some money. Good luck.

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

You will get approved. Check with your bank and compare terms. Good luck!

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

Don't finance a car....you could buy a decent vehicle for 5 or 6K....then you can save the amount of a car payment each month for emergencies......

with a 576 score.....you will be offered a terrible interest rate...and then have no money for emergency repairs....

I promise you, the minute you have no cash available.....something with blow up/blow out or cause an electric outage in your car....and now you have a huge car payment w/ a vehicle you can't drive....

Most people will say they HATE their car pymts.....the thing is....you don't want to find yourself w/ a $1,500 repair bill and no responsible way to pay it....

Be smart....and different from 80% of the people out there....OWN YOUR CAR OUTRIGHT...

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

I agree with paula..take that money and buy a good used car. You probably won't get approved for a loan, but if you do you're going to pay an outrageous interest rate with that score. 576 is not very good at all. You need to establish more credit history in oder to get even a decent interest rate. Don't be a fool and pay 18% or more for a car loan...you''ll regret it.

Will I get approved? I have 6,000 for a down payment ??HELP! PLZ?

probably better to start off with a used car - smaller loan - which with 6k down will be a higher pct down pmt - might make it easier to get financing - with only 6 months credit history - a new car loan might be tough to get - and if you do get it, rate will be high and term will be longer than you like - a few yrs ago, 2 yrs after a bankruptcy - I had trouble getting financing on a 10,000 one yr old car - finally did, but it was like 14% and 66 months