From: ichudov@algebra.com (Igor Chudov @ home)
Date: Wed, 11 Dec 1996 20:51:55 -0800 (PST)
To: kozubik@shoelace.FirstLink.com (John Kozubik)
Subject: Re: Speaking of Redlining....
In-Reply-To: <Pine.SOL.3.91.961211200743.20030B-100000@shoelace.FirstLink.com>
Message-ID: <199612120445.WAA04706@manifold.algebra.com>
MIME-Version: 1.0
Content-Type: text


John Kozubik wrote:
> Please do not respond on the list, as this does not need to clog it up 
> further.
> 
> I am 19 years old, and I make 60,000 (verifiable income) per year.  I 
> have a 2000 dollar down payment.
> 
> NOBODY will give me a loan.  Everyone tells me my credit is fine, and 
> yet, I cannot get a car loan to save my life.
> 
> I have so far only tried major banks and GMAC finance.
> 
> If anyone has any information that could help me find a place in the 
> denver area that would give me a car loan (or anywhere really - money 
> can be wired from anywhere) PLEASE let me know.
> 
> I am trying to get a ~35,000 car loan - so far EVERYONE has just 
> straight up told me I am too young (even though I make twice what these 
> people make :) )
> 

Try it again with a 10,000 down payment. SHouldn't be a problem with
this kind of income.

It may help.

	- Igor, who would never buy a car costing more than 1/10 of his
	  annual income.