I had been driving a very old car which is at the end of its life.
I plan to buy a brand new corolla or civic but I am not sure if I will get financed or not.
I missed some payments on my credit card back in 2016 but now everything is paid off and my credit score is 690 on TU & 680 on EQ.
No written off accounts on the credit file other than those missing payments, haven't missed a payment since.
I make around 80K/year,
I want to know what are the likelihood of me getting approved for financing on a brand new vehicle for 5 or 7 years and what kind of interest rates i am looking for.
I am concerned cause i applied for mbna credit card and got declined due to those missing payments, but got approved from Canadian Tire.
Any help will be much appreciated.