How To Buy A Car With A CPN?
Can buy a automobile or car with a CPN? The answer to that question is, yes, you can buy a vehicle. However, you cannot go over $50,000. And the reason is because it’s a new established number, it doesn’t have any history on it, so most dealers would not agree to let you have a vehicle over $50,000.
“If you gonna try to get a vehicle, at least add two trade lines to your CPN, and that will get your FICO score up to between 730, 750. And so you’re credit will be strong.
In terms of purchasing a vehicle with a CPN, yes, you can buy a vehicle with a CPN, but you just can’t go over $50,000.
I was talking to the dealer here, she stated that Tesla cars start at about $70,000, so you would have to at least come with between $15,000 to $20,000 down in order for them to underwrite the loan.
I know a lot of you are trying to get into the trucking industry, buying big semis and everything. You can. There are trucking leasing companies that will allow you to get a 18 wheeler rig under the CPN, those loans are considered commercial loans, so they are underwritten a different way.
In reference to your vehicles, especially a lot of you guys want to get luxury vehicles, just keep in mind, you cannot go over $50,000.
If you buy a package from us you will want to get at least package #2 or #3 and add at least 1 tradeline to it since we will add a tradeline with your package.
Give us a call and we can describe the step by step specifics of working with a car dealership with your CPN number.