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New Contributor
vetstorm91
Posts: 50
Registered: ‎07-27-2010

Lexus

Could I qualify for a Lexus with a 684 fiico tu score? I reside in Houston area. I am need of a car

Current Score: myfico EQ 618 TU 693
my ficoGoal Score: 700

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Frequent Contributor
BigDaddy18
Posts: 673
Registered: ‎04-23-2009

Re: Lexus

What exactly do you mean?  We would need more details like which version of the lexus and would you be trying to get any loan or a loan from a specific place also used or new?  I guess really the question would how much money are you asking?  Like a lexus that cost 35k-45k?  New or used also matters becuase it's actually easier more often than not to be approved for a new vehicle loan vice used! 


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New Contributor
vetstorm91
Posts: 50
Registered: ‎07-27-2010

Re: Lexus

I m looking 2012 Lexus es 350 new. The reason asking cause I read on forum that Lexus use your fico scores for auto loan.

Current Score: myfico EQ 618 TU 693
my ficoGoal Score: 700

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Moderator
pizzadude
Posts: 6,211
Registered: ‎01-28-2010

Re: Lexus


vetstorm91 wrote:
I m looking 2012 Lexus es 350 new. The reason asking cause I read on forum that Lexus use your fico scores for auto loan.

It is very likely that they will pull an Auto~enhanced FICO score which gives more weight to auto installment loans/leases.     Do you have any previous auto history at all ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Valued Contributor
p-
Posts: 1,914
Registered: ‎06-05-2008

Re: Lexus


vetstorm91 wrote:
Could I qualify for a Lexus with a 684 fiico tu score? I reside in Houston area. I am need of a car

Income and auto history will have a lot to do with that.  Can you afford a new Lexus?  Have you ever had a car payment?  What derogatory items do you have on all 3 reports?  What is your monthly income?  How much money have you saved for a down payment?

  11-27-2012: FICO EXP: 731 - EQU: 723 - TRAN: 731 - AVG: 728 - +178 points from JUN 2008 - MY CREDIT JOURNAL



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