Where are you applying the loan from? The banks tend to be a bit harder to get than the dealer, but the dealer rates tend to be higher. They take into consideration a lot of factors, though I am not certain the number of inquiries affect a lot, probably a small percent. I remember being denied a loan from the bank because my length of employment with the current employer was not long (1 year), so I know that definitely decreases your chances of approval. However, the dealer didn't care and gave me a loan with very good rate too. They told me the score was more important. Is there a way you could work with that score for improvement before going in?
Hard to tell as there's not enough info in my opinion. Fill this out and I'll be able to give you a more concrete answer (feel free to copy paste and just fill in the numbers required after each line)
Credit Score (if you pull it):fFICOS eq 633 ex650 tu 648
AAoA: 3yrs 8 months
Age of oldest account on report: 12yrs 8 months
# of positive trade lines: 18
# of negative trade lines:3-5 non are auto related all but 1 is satisfied
Describe any baddies on report:
Income:$35,000
Lenght of Employment: 12 years 4 months same job
Self Employed (yes/no):no
Previous Loan Experience:currently paying on auto loan been good for 2 years plus
Debt-to-Income (DTI):due to auto loan around 40%
Utility (balance/credit available) on credit cards:$1500/$15000
Year of Car:2013/2014
Miles:0/25,000
Purchase/Refinance
urchase
Requested loan term (XX Months):48/60
Cash Down payment amount:0
Trade-In? If yes, KBB Good Trade-In Value and Current Balance of loan, if any?6,000/5500
Co-borrower/Co-Signer:no
Other: