I applied for for financing for a Honda Civic LX online (I can probably get it for a little over 15k). My FICO score is 750, and my gross montly income is 5200 (although I've only been on the job for 9 months). I said I could afford $5000
My pre-approved certificate shows that I've been preapproved for $12,175 in credit with a $5000 down payment, which is more then enough. However, on my application it shows amount financed to be 7,175, cash price to be 12,175, and cash down to be 5,000.
Based on that, am I going to be able to finance the civic, or do I need to look elsewhere for financing?
My pre-approved certificate shows that I've been preapproved for $12,175 in credit with a $5000 down payment, which is more then enough. However, on my application it shows amount financed to be 7,175, cash price to be 12,175, and cash down to be 5,000.
Based on that, am I going to be able to finance the civic, or do I need to look elsewhere for financing?
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