Auto Financing with a 600-615 credit score?

[S11613]

Will banks offer financing on a $50,000 auto for a credit score of 600- 615 with no proof of income other than bank statements? I plan on putting down $10k-15k. No derogs just A LOT of credit card debt.

[danesgirl74]

Absolutely not!!!!!! I work in the auto industry and believe me it won't happen. You can get a loan for maybe 30K with the 15K for the down payment but you will need some proof of income with a low credit score like yours. Also plan on about 12-13% interest rate. GOOD LUCK

[Kelly]

IF SO YOUR INTREST RATE WILL BE SKY HIGH AND THAT IS NOT SOMETHING I WOULD INVEST MY MONEY INTO RIGHT NOW ON A 50,000 CAR, YOU LOOSE THAT MONIES CARS NEVER HOLD THERE VALUE.