Lexus Financing

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Nov 20, 2007 | 12:21 PM

blk636

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Driver School Candidate

Joined: Nov 2007

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From: MD

Lexus Financing

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Last edited by blk636; Nov 24, 2007 at 01:13 PM. Reason: Delete Thread

Nov 20, 2007 | 12:39 PM

tex2670

Lexus Champion

Joined: Apr 2007

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From: Southeastern PA

Quote:

Originally Posted by blk636

My friend wanted to know if Lexus Financial will approve this loan. He brings home about $2k a month and has about $1000/month for everything except rent, utilities, other loans, and credit card payments. So pretty much $1000/month for car payment, food, gas, entertainment, and misc purchases. I've been trying to steer him towards another car but its not working. His credit is decent, i think he has a pretty high balance on his credit cards though. He wants to get a IS250 awd with hid, with a $9k downpayment from his parents. I'm pretty sure lexus will not approve a loan for him by himself but hes going to get his parents to cosign. His parents would be able to get the loan approved on their own. But with him as the primary owner would they still approve the loan?

Thanks

I bet they approve it. Especially with a co-signer and $9G down. Not too smart to be buying a $40G car when you barely make that in salary.