What type of car can I qualify for?

The banks will take several factors into account when reviewing your loan application in order to determine what the maximum loan amount you will qualify for. These primary factors include:

• Down payment
• Credit score
• Employment history
• Residence history
• Income

When trying to reestablish your credit and get financing with bad credit, your emphasis shouldn’t be on getting a particular car, but finding out how much the bank will give you and then work from there to find a vehicle you like within that budget.

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