I'm looking at trading in my 2013 Dodge Dart that I owe 12k on right for a 2015 base OW FiST for 18.9k OTD with my wife's college student incentive. my monthly payment for my Dart is $253 and I am going on 25 months with no missed payments. I'm 23 years old with limited credit but am a National Guard member and have a USAA account. I want to trade my car in for a FiST because I like the car and enjoy everything about it compared to my Dart and also because financially if I can get what I want out of my trade I can lower my monthly payment and also lower my monthly insurance.
knowing all this information I want to get a decent interest rate, somewhere around 3-6, but the problem is my score is only a 600. my wife has agreed to co sign with me so I can save the money and have a better chance at getting a better deal but her score is only a 600 as well. I've tried to get my mom to help me out and sign but she isn't warmed up to the idea. I'm just wondering what some of you that did finance a new FiST had for a credit score at the time of your purchase and if it even worth it to try without my mom's help or if I need to try and convince her more, and what I can do to try to get her on board.
I appreciate any help you can give me with this issue of mine. thanks.
knowing all this information I want to get a decent interest rate, somewhere around 3-6, but the problem is my score is only a 600. my wife has agreed to co sign with me so I can save the money and have a better chance at getting a better deal but her score is only a 600 as well. I've tried to get my mom to help me out and sign but she isn't warmed up to the idea. I'm just wondering what some of you that did finance a new FiST had for a credit score at the time of your purchase and if it even worth it to try without my mom's help or if I need to try and convince her more, and what I can do to try to get her on board.
I appreciate any help you can give me with this issue of mine. thanks.