Re: Auto loan advice from an Underwrite
[ Edited ]
10-20-2012 08:16 PM - edited 10-20-2012 08:21 PM
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.