I'm turning 18 soon and I want to buyour your 2006 ford Mustang v6 deluxe convertible how much would the down payment be if I have no credit
3 Answers
There are some places who will sell to you if you truly have NO credit (or If you have Bad credit)...either way, your interest rate is likely to be somewhat high....What type of Dealer is selling this 'Stang? Also, this is a Q&A forum and they will NOT see your question on here....Go back to the listing and send them an e-mail.
The interest rate will be high and most places will be looking for 20-30% down if you have no credit... your best bet is to get a co-signer with you... if they have strong credit and good debt to income ratios, you'll benefit with better terms and being on the can note will also help you build credit so the next time you can buy on your own...
There both right, in my opinion, you should get your parents to cosign, for you. That would improve your credit rating over time, just as long as you pay your monthly pay on time,, NO LATE PAYMENTS. And with a cosigner with good- great credit, you should only have to pay 10-20% down....hope this helps
