How much credit history to finance a BMW?
Posted by admin in Finance Friday, 22 April 2011 06:14 3 Comments
Could anyone tell me what the minimum time of credit history that is needed to finance a BMW? Is a year of perfect credit history enough?
Posted by admin in Finance Friday, 22 April 2011 06:14 3 Comments
Could anyone tell me what the minimum time of credit history that is needed to finance a BMW? Is a year of perfect credit history enough?
Probably not.
You would also need a good down payment.
Make a decent income
Might need a cosigner
If you have good credit and a good down payment, of course you must be employed the chances are you will be able to get a BMW.
If you have a well paying job, FICO score of 720+, and are at least able to out down TTYL you will have a get a greater chance of getting a new BMW.
Also, if you are going to be graduating from college soon or a college grad. BMW will approve you as long as you have accepted job offer and send the deal a copy of your diploma.