Good Scores, No Auto Loan

[Whereis750]

My wife is getting ready to purchase her first car.  Her EQ FICO is 758 and has perfect payment history on all 4 revolving accounts.  AAoA is 5 years, oldest account is 6 years, however, she does not have a mixture of account types.  She's never had an auto loan or any type of installment loan.  What are her chances of getting her first auto loan with a good rate?  She's wanting a Ford Edge that would cost around $30k.

Thanks!

[HoldingOntoHope]

With income to support the purchase her chances of a good rate are high. Ford has first time buyer programs that she will qualify for. The people who get much higher rates on their first loan are usually those with a troubled past credit history. Your wife's scores are Tier 1 in any dealership assuming they are FICO scores.

[lajntx]

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@HoldingOntoHope wrote:

With income to support the purchase her chances of a good rate are high. Ford has first time buyer programs that she will qualify for. The people who get much higher rates on their first loan are usually those with a troubled past credit history. Your wife's scores are Tier 1 in any dealership assuming they are FICO scores.

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Exactly,

Since it`s Ford, here some more "News You can Use". If you arent already X plan eligible through your employer.... Then join EAA for $40 per year which covers everyone in the home and allows for 2 purchases per year at the X-plan pricing. The downside is that there is a 60 day waiting period.

[92235]

I have a very similar score and purchased a year old used car a few months ago. I went to my credit union and they approved me for 2.9%. I did put down about 30%, but I don't think I had to. I had never had an auto loan before. I had 5 credit cards and no installment loans.

[sccredit]

Ford currenly has $2,000 plus 0% on the Edge (depending on where you are).  If she can't get that I bet she can easily get DCU to go 1.9%