I am looking to get a new car in coming months (2018 Corolla IM, or Corolla Sedan (18-19k for IM, 20-23k for Corolla Sedan).
Scores: TU 697
EXP 670s
EQ 680s
Loan balances:
Car $5800 (thinking of rolling this over - KBB $2k)
Discover: $8700
CU CC: $0
Personal Loan: 2k (will probably pay this off in the next few weeks).
2nd Personal Loan: 13k (precomputed, actual loan amt was $7500, took this out for bill consolidation, was a little desperate).
Student Loans: 15k
Gross Monthly Income: $3525 (getting a raise in april, after which it will be $3757. Combined household = $5400)
I don't want to put my GF on this because she already has 2 cars in her name, and her credit is doo doo (lower mid 500s - a bunch of baddies I inherited when I got together with her).
Spotless pmt history (no baddies, collections etc.)
Utilization 60-70% right now
AaA 5yr 6mo (I'm 24).
1 inquiry in the last couple years
Shooting for 72mo note.
What do you think? Would it be better to pay down the cc little bit or pay car off before trade in? KBB trade is $1500. I am planning to put anywhere from 3-5k down. You think I would need a co signer? What are your thoughts?
