What auto loan rate can I expect 3 years post BK7

[Anonymous]

Chapter 7 was discharged 05/2013....Credit cards are reporting my FICO scores as 707, 695, and 683. After taxes, my wife and I combined bring in about $1000 per week. I'm looking to purchase a new 2016 Mazda CX5 and willing to make a down payment from $8-10K. Can anyone give me any insight into what type of rate I might be looking at to finance the purchase of a new car in the Chicago area?

[jeffm4688]

Income before taxes is what counts for DTI, as well as some other things.

Assuming your auto scores are somewhere in that high 600's/low 700's there's no reason you shouldn't be in the 2-5% range with such a high down payment. My suggestion would be, look at a local CU or penfed and see if they will pre-qualify you.

[Anonymous]

Will getting prequalified ding my credit scores?

[jeffm4688]

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@Anonymous wrote:

Will getting prequalified ding my credit scores?

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You can pre qualify at capitalone.com and it will not ding your scores, they can sometimes be generous although they usually offer an APR range instead of a set APR. If you walk into a local CU most likely it will be a hard pull, however you should know what your actual APR will be and exactly how much you can qualify for.