Buying my first car

[Anonymous]

My fiance and I are debating about who should be purchasing our new (used) car.

My FICO score is 723 (Equifax), which "should" entitle me to the lowest rates on a auto loan. However, I have no real auto industry history, since I paid for my current car in cash.

My fiance, on the other hand, has some history. He had a loan on his current car, which he paid off and he was never late. However, his FICO score (Equifax) is 629...not so good.

Which one of us would be more likely to get the lowest interest on an auto loan? Could the lack of auto industry history hurt my score by almost 100?

[sunrise]

Welcome LK55 

I would use YOUR credit and finance it through a local CU.  They don't usually use the auto-enhanced fico scores. 

You only mentioned your EQ scores, do you know your other scores?  Lenders vary on who they use for obtaining cr's, some even use all 3!  I would ask your local CU who they pull from, and find out that score. (whether it is TU, EX or EQ)

Best of Luck!!