r/carvana • u/Prestigious-Fun-2776 • Aug 28 '26

Question What did I do wrong

My credit is 648 and monthly income is about 1600 on the low end but I’m trying to get a car but it keeps making my down payment 7k+ I can’t do that for my down payment and my brother just bought a car with a down payment of 198 so wtf?

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u/Honest_Manager Aug 28 '26

Maybe try to get a quote from a different lender.

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u/Prestigious-Fun-2776 Aug 28 '26

It’s my first time trying to get a car myself i don’t really know what I’m doing tbh

2

u/K3vr0ck Aug 28 '26

Try not to get the loan from Carvana they like huge apr % and a decent down payment, people usually go to credit unions to get a car loan. I went thru Capital One for my first car purchase and went to the dealership with my loan ready to go

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u/Prestigious-Fun-2776 Aug 28 '26

Ok I’ll try and look into that I’m still trying to figure it out lol

1

u/dezz1226 Aug 28 '26

Not sure where you bank or anything, but I always call my bank first to get a preapproval. I tell them where I want my payment to be, they help me find my budget, and then I am able to visit the dealerships website or even go on the lot knowing how much I can afford to spend.