Just went to credit union. Talked to the lady with whom I applied. The bank wants a cosigner. My husbands credit is worse than mine and his income is small so that is a no go.
She and I talked about how conservative the CU is and she made the same suggestion as Jenn above. She said that if I was really impressed with the car, I should get it through the car company at the high interest rate and then in a few months do a refi with the CU. I think this would work and I have been cleaning up my credit, so it should show by then.
Even though I am not happy with the rate, the local car company is not trying to screw me personally. I went on the Nissan site and punched in my numbers. Sure enough it came out to 15% interest and a 380+ payment. I left a message with my salesman asking if the rate can be lowered. At the end of school, I will go there and meet with the finance person. Either way, I will probably get the car because I am impressed with it and I am honestly tired of worrying about my car breaking down.
*Breaking News* I just talked to the car company finance person. I am going to buy the car. She explained that they are locked in on the interest rates, which is OK. My payment will be lower because we went with 72 months. That means I will be able to pay extra each month or pay off some other stuff and I won't pay too much on the car before I can refi. The finance person suggested the refi as well.
They want to know if I want to pick it up today...