[QUOTE=THE EVIL TW1N;291077]that's not true at all.
There are many factors that are considered when it comes to getting loans for cars. You can have a great credit score but still get denied because of a short or limited credit history. And you can have a pretty bad credit score and still get a loan. Credit history is a big part, and having small credit lines doesn't help too much. And if it's your first car loan, even with a 750+ score may still need a substantial down payment or a co-signer. I've been a part of deals that fall apart for this very reason when I was a sales guy at a dealership.
Evil twin pretty much hit it on the head. The way the banks are acting you won't know till you get submitted. First time buyer is usually 15k max or less for an amount financed. I had an 800 score get turned down because they are retired and don't make enough to justify their debt to income. The bank doesn't care how much they have in their account. And different banks use different bureaus. Wasn't like this a couple years ago but in time it will change again.
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The bank approval will be the undoing of many a supposed deal on the preordered cars.
The banking climate is very difficult now and it is impossible to predict how long it will take for the "economic stimulus" to trickle down to consumer lending. Be prepared, talk to your dealer about funding or line up your own and be ready for sudden shuffles of your place in line. You may find your order moving up in priority.
