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Financing question

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Financing question
Old November 21st, 2005, 12:37 PM   #1
cuthere
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Financing question

Quick question regarding a purchase of a GTS. I've never had a problem securing financing for auto loans in the past, but this time around, I feel like I am banging my head against a brick wall. I just switched from my regular employment position, to self-employed. With less than 3 months under my belt and no way to prove my income up to this point, the banks are understandably reserved about providing a loan. Any sources out there that are a bit more liberal with their underwriting guidelines? Thanks!
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Re: Financing question
Old November 21st, 2005, 12:44 PM   #2
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Re: Financing question

www.capitaloneauto.com

All done over the internet. I was appoved in like 30 seconds.
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Re: Financing question
Old November 21st, 2005, 01:32 PM   #3
carguy07
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Re: Financing question



Never tell a bank that you are self employed. You are the manager and been there for 2 years. If your credit scores are high enough they will never ask for proof/pay stub.
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Re: Financing question
Old November 21st, 2005, 01:55 PM   #4
v10kingsnake
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Re: Financing question

capital one is ok, but the best rates they offer are like 5.3-5.89% depending on the loan term. My advise is to borrow from a credit union, you could save 1-2% over capital one. goodluck!
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Re: Financing question
Old November 21st, 2005, 03:53 PM   #5
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Re: Financing question

Home equity loan and write off the interest.
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