Credit Score and Loan Rate

[maryellis1981]

Hi Everyone,

I posted here a couple of weeks ago regarding whether or not I should look into buying a larger car and taking advantage my credit union's good rates.  So I applied for the loan earlier today and I'm waiting to hear back.  The loan is for 1.99% for 60 months on any new car (2010-2015).  I decided while I wait to check my credit score on Experian since that's the bureau the credit union said that they would check.  My credit score is 743 which is pretty good given I had a short sale 5 years ago due to my divorce.   The short sale is the only bad mark I have no other lates.  So given this score what do you think the chance are of me getting the 1.99% interest rate?

Thanks!

[EddieK]

I'd say very good, as long as your income and dti support your credit score.

[maryellis1981]

My income is $108k plus $500/month child support and I receive a $10-20K bonus every year.  Not sure what my DTI is but my car payment now is $455 and I wouldn't want to increase that too much maybe another $100/month

[EddieK]

Looks good.  Apply with DCU first.