Will putting a larger down payment on a car increase my chances of getting approved? N where is my b

of getting a loan? I had a rough time with credit up until this year. My credit rating has been going up. its currently 558. i know thats low, i know ill pay higher interest rate but for now its fine cuz i make almost 60k a year now. Ive pretty much erased all of my debt. like i said, im doing MUCH better now. SO....Will i be able to get financed for 25k. i want a new 4door jeep wrangler. Where will i be able to get this loan..credit union? jeep dealership?online? and will a bigger down payment make it easier to get approved? also, is there anything else i can do to help get approved? I make almost 4k cash a month and my bills are only 1500 so i have some room to work with.

Will putting a larger down payment on a car increase my chances of getting approved? N where is my best chance

If you happen to get approved then don't fall into a trap buying an expensive car if your interest rate is high as you will fall into a deep hole and never get out, with high rate you buy something cheap just to get by till such time your lending rate improve.

Your total concentration should be to improve your credit score, go to this web page on my website http://www.usedcartips.org/CREDI.html it will teach you how to repair your credit.

many buyers with blemished credit make mega bucks but cant produce pay stubs, I hope you can ?...

Try the Jeep dealership for credit, there are many factors that can come into play, such as, yes a large down payment or co-signer for approval, check with your own bank as a first step. good luck

Will putting a larger down payment on a car increase my chances of getting approved? N where is my best chance

Your credit will be the same with or with out the down payment. It will just reflect on the borrowing price.

Many (loan-shark) dealers will give you loan. You just won't like the terms. You will be stuck with that interest rate for the term of the loan. Banks recently have cracked down on refinancing auto loans.

Your income to debt is good, but as you said, your credit history sucks. And that is what they go by.

Will putting a larger down payment on a car increase my chances of getting approved? N where is my best chance

if you are moving up like you say try a loan with your bank they are the ones that have seen your financial upcoming the most. But you will still have high interest rates.