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First of all, be careful how much you do for this individual. I would resist the temptation to co-sign or give him unfettered access to any of the cards you've set him up as an AU.
Did he enlist in active duty military? If so, when does he report to basic training? As a member of the military, he'll have easy access to credit for a car. Lenders know that they can get the money one way or another with someone in the military. What's he doing for a living now and what's his salary? If he can get by until his enlistment starts that's the best bet.
@LakeLife wrote:First of all, be careful how much you do for this individual. I would resist the temptation to co-sign or give him unfettered access to any of the cards you've set him up as an AU.
Did he enlist in active duty military? If so, when does he report to basic training? As a member of the military, he'll have easy access to credit for a car. Lenders know that they can get the money one way or another with someone in the military. What's he doing for a living now and what's his salary? If he can get by until his enlistment starts that's the best bet.
Good advice... also too a lot depends on the age of the auto. Some lenders will go as far back as a 2006 or 2008. Other lenders have a minimum amount they are willing to lend such as $5k. He might want to think about joining a military CU such as Navy, USAA, Pentagon etc. Best of luck with his future and with his loan app