- I'm 21
- I have a little over a year of good credit history, four years of flawless payment history
- 55% credit utilization ($1,300 out of $2,150) to be paid off before I apply for the loan
- $1,200/mo in income (college job, destitute area)
- $30,000 sitting in my bank account after selling my 2010 F-150 Platinum
With this criteria, is it possible for me to secure a $50,000 72-84 month loan on a 2014 335i with about 10% down? Or should I go for a 2012 for about $35,000 with 20% down
I'm looking at 72-84 month financing for the low payments. After two-three years I'll be finished with college and in a secured high-paying position.
An E90 is a great option, but wouldn't the maintenance expenses be worth the extra thousands for a used 2012 still under warranty?