topic Re: Auto Loan and DTI in Auto Loans

Auto Loan and DTI

hsfun2019 — Wed, 16 Jun 2021 13:12:02 GMT

Dumb question but when you apply for financing at the dealership do they even look at your DTI?

Re: Auto Loan and DTI

pizzadude — Wed, 16 Jun 2021 13:50:42 GMT

@hsfun2019 wrote:
Dumb question but when you apply for financing at the dealership do they even look at your DTI?

Yes, they'll need to know your income if you're applying to purchase / lease a car, it would be factored in along with your creditworthiness, and other obligations.

Re: Auto Loan and DTI

Anonymous — Wed, 23 Jun 2021 21:19:37 GMT

Absolutely, DTI is a huge factors with loans, cars and such. I suggest going into the process with a 10-16% DTI

based on your purchase amount.