topic Re: How long before I should app for a car loan? in Auto Loans

How long before I should app for a car loan?

Funk-O-Meter — Tue, 15 May 2012 23:49:32 GMT

Rebuilding after letting bad stuff fall off from 10yrs ago. Gardening new cards.

TU 768 before I apped the last round for the Chase and Amex.

I have one small previous auto load from around 96' through BOA that I paid of early. Don't know if this will show up on all reports but I've seen it on at least one.

Don't have any other negative things on any of my reports except for the new inquiries for the new cards possibly.

I'm planning on 8K-11K loan for a used prius from a dealer or individual which ever works out.

How long should I garden before I app for a car loan?

Orchard Visa CL 520 AOA 1.7 years

Chase Visa CL 1K AOA 2 mo

Amex BCE CL 2K AOA 1 mo

PayPal Bill Me Later CL 800ish AOA 3 mo

Total Utlization 24% (Will be down under 5% before I plan to app)

Re: How long before I should app for a car loan?

Anonymous — Wed, 16 May 2012 02:02:06 GMT

@Funk-O-Meter wrote:
Rebuilding after letting bad stuff fall off from 10yrs ago. Gardening new cards.

TU 768 before I apped the last round for the Chase and Amex.

I have one small previous auto load from around 96' through BOA that I paid of early. Don't know if this will show up on all reports but I've seen it on at least one.

Don't have any other negative things on any of my reports except for the new inquiries for the new cards possibly.

I'm planning on 8K-11K loan for a used prius from a dealer or individual which ever works out.

How long should I garden before I app for a car loan?

Orchard Visa CL 520 AOA 1.7 years
Chase Visa CL 1K AOA 2 mo
Amex BCE CL 2K AOA 1 mo
PayPal Bill Me Later CL 800ish AOA 3 mo

Total Utlization 24% (Will be down under 5% before I plan to app)

I don't think you will have much of a problem. If you have a down payment and job history is decent it should be easy enough....

Re: How long before I should app for a car loan?

Funk-O-Meter — Wed, 16 May 2012 17:45:48 GMT

How long should I wait?

Re: How long before I should app for a car loan?

Anonymous — Wed, 16 May 2012 18:12:33 GMT

I would recommend at a very very minimum of 3 months. Preferably 6 months as of today. This would let your newest account (1month) breath a little bit.

Re: How long before I should app for a car loan?

Anonymous — Wed, 16 May 2012 18:19:49 GMT

What year Prius?

Re: How long before I should app for a car loan?

Funk-O-Meter — Wed, 16 May 2012 20:28:29 GMT

Don't have a specific car in mind yet. A second gen. It may depend on the terms of the loans. Some say no more then 4 years old. 06' to 09' would probably be my best bet.Might also consider a Versa, Yaris or Fit if it was the right deal but the Prius is more attractive.