Any one get approved for auto financing with bad credit?

My husband and I are going to apply for financing tomorrow for a new car (we are getting rid of my current car for something bigger). The payment would be around what we pay now for our car payement. I have had a flawless payment history for my current car and my previous car. However, we had a lot of credit card debt (paid off now) and late mortgage payments (current now - due to unexpected out of pocket medical costs). My FICO score is in the 620's. I am unsure of my husbands score but imagine that it is similar to mine since everything is in both of our names. Do you think that we will get approved for financing based on our payment history and credit score?

Auto finance is what I do for a living and with the scenario you describe there should be no problem getting you approved.

Your score is sub-prime so the interest could be higher then you like, but you should be approved.

Good luck.

Yes you will. It may be at a higher interest rate than you would like, but it should go through.

You should be approved, but like others said, it will probably be at a higher interest rate. You may consider buying a used vehicle with a transferred warranty to reduce any negative equity from a high interest rate. If you are still buying new, look into GAP insurance. Your new vehicle is going to depreciate some 2 to 4 grand once its off the lot. With the extra insurance, you wont be stuck paying what is left on a high interest loan if the vehicle happens to be totalled in an accident.