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AAoA and Auto loans

Regular Contributor

AAoA and Auto loans

What is the minimum AAoA a you need for  a car dealer to be able to get you a loan ?

Message 1 of 3
Established Member

Re: AAoA and Auto loans

I saw this posted in my topic, and although I don't know the answer, here is a free bump! Good luck, I'd like to know as well.

Latest FICO Score(s): EQ 726 (Lender, 6/13), EX 672 (Dealer, v3 Auto, 5/13), TU 702 (Dealer, Auto 04, 5/13)

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Message 2 of 3
Valued Contributor

Re: AAoA and Auto loans

No minimum. I was given promo financing with an AAoA around 6 month's. 


I would say it would be good to have a few accounts over a year old, two years would be better.


If you history is very short, expect a higher rate.


Generally, employment is key for approval. Credit history and down payment are key's for lower rates.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    

     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
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