I will be seeking an auto loan in a couple of months and wanted to know how my income will play a role in the loan amount I am requesting. I currently make 30,500 yearly and will be asking for a $20,000 loan for a new car. This will be my first car purchase and my credit scores are EQ-679 TU-681. I have 2 collections due to fall off at the end of the year. My husband is the bread winner but I would really like to purchase the car on my own.
Thanks in advance for your advise.
