Quote:
Originally Posted by PA20__VMemmmfour
So I applied for a loan through BOA and did not get approved. Loan was for about 45k and price of m4 is roughly 47k not including taxes and other fees. I really want the vehicle, do you guys think I should let the dealer find me one or suck it up and wait till I solve my dti( which is not terrible) ? I know it's not guaranteed but that's my only other option. What do you guys think.
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within the context of buying a car, yea maybe reduce your expenses first and fix your credit if it needs fixing. the dealer will find you a "deal" but you may be upside down later (long term, depreciation; etc). bank prob said no because of the risk.