04-01-2013 02:10 AM
I'm 23 and never had a auto loan before. I have thin credit history, only 9 months. I do have a 732 Transunion Fico score though. The auto loan I want to get is $8000 and I have maybe a $1000 to put down. I make $2600 a month after taxes and $34,000 a year. Thank you for any help, appreciated.
04-01-2013 07:17 AM
Very good. Given that you have never had a loan before the rate won't be the lowest in the world but you should be able to get something decent. What kind of car are you looking at? Age of the car can have significant impact on the loan as well.
04-01-2013 10:31 AM
Thank you for your reply. The dealer I am working with said he's going to try to get me approved with Golden One and call me by Noon. I noticed today my score dropped 6 points and my Auto Insurability gained 10 points. So I'm assuming he's doing something.
04-03-2013 09:23 AM
I have a credit History of 1 year 7 months. The credit limit on my ONLY credit card (through my credit union) is $750.
I have a gross income of $90000 per year.
I have a new NY license also. I got it last month.
I want to get an auto loan for about $25000 to $30000. I went to a Chevy dealership and the Finance guy said I have been rejected in few (5) places because of my credit limit and credit history. He says he should be able to find something. But, I want to know what my chances are. Also, I am putting down 5k as my down payment.
This will be my first auto loan.
Can someone help.
04-03-2013 11:47 AM
OP - You should not have a problem getting a tier 1 approval.
Abi - Not enough info. What are your scores, what is your AAoA? Any negatives on your report?
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