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If you had $313 to budget for a car would you want to buy the older one with all the miles? |
A "Poor Credit" Auto Finance ExampleEven though these two vehicles are not in the same class this example will provide you with the understanding of how poor credit impacts a consumer. Using $313 As A Declared Affordable Payment:
Criteria with FICO Score At Approximately 599
Because of the credit score an older vehicle must be considered which means
the terms will be shorter.
This is provided as an example using two vehicles up for sale on www.craigslist.org May 14, 2010.