Do i qualify for auto loan?

[aman31]

Credit Score: 650

AAoA: 2 years

# of positive trade lines: 3

# of negative trade lines:0

Income:4000 a month

Lenght of Employment:8 years

Previous Loan Experience: no auto or installment, 2 credit cards

Debt-to-Income (DTI): 425/4000=10 percent

Year of Car: 2003

Miles:120,000

Purchase/Refinance:10500

Requested loan term (XX Months):4 years

Down payment amount:3000-5000 including trade value of $2500

Co-borrower/Co-Signer: n/a

Other: Could scrap together the cash, but would like to be able to use this truck to build financing history. Applied for new car financing at capital one several times and turned down for lack of installment loan history.

[sccredit]

Possibly.  i would check with your local credit union.  The year and mileage may be a hinderance.

[SamsungHDTV]

You will be approved for an auto loan yes. Will that vehicle be approved, I'm unsure. It depends on the lender's collateral restrictions. I agree with the above post, that credit unions are the way to go. They usually have more lenient collateral restrictions.