Hello All,
Just wanted to ask your advice on this. I have recently moved to the US living in California and I'm still building my credit history.
I'm over 30, and my credit score now is 700+. My credit history is only 8 months and this will be my first car loan ever.
My mind is so set on buying a model 3. I make around 70-80K a year (which should increase to much more in the upcoming few years) and I don't have any other loans going. I can pay a down payment of about $8K aside from what's needed for registration, taxes..etc. I don't have any issue of paying $700-$800 monthly.
My question is, Will I be approved for financing that much for a Tesla considering the short history and the needed amount? or should I maybe buy any other ~$25K car first pay it off fast in a year or two (which I can do) to show financial ability then trade it off or sell it to get the model 3?
Appreciate your advice, Thanks!
Just wanted to ask your advice on this. I have recently moved to the US living in California and I'm still building my credit history.
I'm over 30, and my credit score now is 700+. My credit history is only 8 months and this will be my first car loan ever.
My mind is so set on buying a model 3. I make around 70-80K a year (which should increase to much more in the upcoming few years) and I don't have any other loans going. I can pay a down payment of about $8K aside from what's needed for registration, taxes..etc. I don't have any issue of paying $700-$800 monthly.
My question is, Will I be approved for financing that much for a Tesla considering the short history and the needed amount? or should I maybe buy any other ~$25K car first pay it off fast in a year or two (which I can do) to show financial ability then trade it off or sell it to get the model 3?
Appreciate your advice, Thanks!