Frequent Contributor
Posts: 428
Registered: ‎01-21-2012
Re: Auto loan advice from an Underwriter
[ Edited ]

Hi there! 


If you have 9 years in the file with a good history you should have a good shot at an approval for what you are looking for. Being that you have limited auto experience, loan to value will play a big factor in your interest rate. While I don't think money down will be needed, it may help secure a better rate . 


I don't see $28000 being an issue with your debt load and income. With a lack of prior auto credit how you pay your other lines will be even more important. Your prosper line will be given greater consideration in this case. 



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