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?