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Personal Finance
What makes someone eligible for financing through the dealership?
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[QUOTE="Knowlopedia, post: 7122, member: 41"] Some if the things that used to make someone eligible for financing through the dealership no longer do, such as a minimum credit score, recent bankruptcies and foreclosures. In order to qualify for financing through the dealership, you now need a car loan of at least 18 months old with an FICO score above 650. The ABC Report on Finance is an organization that provides vehicle-related facts and figures. The resource has compiled a list of what it takes to be eligible for financing through the dealership. This includes things like maximum monthly payments and annual percentage rates (APR). The report is an important tool for those who want to buy a car, as well as those who are interested in financing it. A great resource for anyone that is looking to buy a car is the Internet, as there are many online resources and services that can be used. A website created by Consumer Guide in 1998 was The Car Buying Service Reports ([URL]http://www.carbuyingreports.com/[/URL]). The website created by Consumer Guide provides a monthly report on the best car deals within certain cities. The New Auto Guide is another good source of information when looking for financing or buying a vehicle. The New Auto Guide produces an annual listing of top cars under $15,000. This includes those with financing terms and the prices that they come at. Additionally, there is a price guide that tells you what you would pay for a vehicle from any dealership within one county. Through this information, it is easy to find attractive deals on vehicles. [/QUOTE]
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What makes someone eligible for financing through the dealership?
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