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Posts: 5
Registered: ‎04-16-2017
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Trying to buy a 2014 Avalon, would I qualify?

Credit Score: 756 TU 754 EQ 744 FICO
AAoA: 11 months
# of positive trade lines: 6
# of negative trade lines:0
Income: 53000$
Lenght of Employment: 3 months at first job, 2.5 Years at second job
Previous Loan Experience: 0
Debt-to-Income (DTI): less than 20%
Year of Car: 2014
Miles: 32000
Purchase/Refinance: purchase
Requested loan term (XX Months): 60 months
Down payment amount: 5000
Co-borrower/Co-Signer: no
Other: Oldest credit card is 2 years 2 months, should I go to my bank of america branch or dealership or apply online like penfeb?? what are your suggestions? really dont wanna make dozen inquiries
Valued Contributor
Posts: 1,803
Registered: ‎02-16-2016
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Re: Trying to buy a 2014 Avalon, would I qualify?

1) You will have better luck if you post in the auto loan forum
2) I think beyond doubt that you will be approved
3) PenFed or DCU
Chasex3/PenFedx3/NFCUx2/BofA/BMO/AMEX x5(4 revolvers +Platinum)/CapOnex2/DCU/Blispay/Cabelas/BBVA/BB&T/HSBC/Atira/Commerce Bank/State Farm Visa........I have them all. Except Barclays. They suck. And Sync. They suck worse! And Citi,, because I Have 9,000 Inq.
In the 520-530 range in 12/2015.... Currently EQ747/TU758/EX744
NFCU & PenFed are my best friends!!

In 3/2016 I had a $1800 fully secured CapOne QS. And that was it.. Current CL $221,000 (plus my auto and RV loans)
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Super Contributor
Posts: 14,202
Registered: ‎04-16-2014
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Re: Trying to buy a 2014 Avalon, would I qualify?

[ Edited ]

I don't see why you wouldn't qualify with your scores and modest price of that car and your income.. Asked for it to be moved to auto section of forum.  I would suggest DCU or PenFed or using a CU for a really good used car rate as well

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO
Valued Contributor
Posts: 1,478
Registered: ‎01-31-2008
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Re: Trying to buy a 2014 Avalon, would I qualify?

You should be good to go from a financing standpoint.


You may want to check out and to see what similar cars like the Avalon you are looking at are being sold for in your area.

PenFed is one of my favorites as one EQ pull can net you multiple products if you are in the market.


Good luck and let us know how it goes...

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