This is a repost with more detail. Thanks to those experts who answered. In California:
Looking at a $6000-7000 vehicle with $1500 down. KBB value will be at least 100% of purchase price, likely more.
Vehicle age=12-16 years
Term=36 mos.
Mileage=95-130k
Time on job=1st job, 8 mos, 2nd job, 2 mos.
Time at residence=11 mos.
Gross monthly=$4000
Credit score=630
DTI=approx. 25%
Thanks again, good questions.
Right, but if I were to finance with a dealer…I have confirmed there are dealers who will finance me in my area for this vehicle, I just want to know what I should expect.
Auto finance is what I do for a living and you need to go to your own local bank or credit union, this vehicle is way to old and has to many miles on it for any major lender to even consider.
Everything else looks OK.