Bank for auto loan

[Anonymous]

Trying to decide which bank I will go through to get an approval and best rate. Equifax is about a 710 tu and ex are in 650 range. I have 17500 credit card and my checking and savings thru nfcu. I have paid off another loan thru fsg bank. Which would be preferred. The car books for about 22 23 and the loan is 15k. 6 months in Job make roughly 7 to 9k per month. Not much debt other than a few grand in credit card balance. Any reason why I would be shot down

[Anonymous]

Use a credit union instead and have a check in hand when you go car shopping.  Start with DCU and Penfed.

[Anonymous]

Navy fed is a credit union and I seem.to have a good relationship with them. Do you think they would approve me. They approved me for a credit card higher than the value of the car loan I'm wanting

[Anonymous]

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@Anonymous wrote:
Navy fed is a credit union and I seem.to have a good relationship with them. Do you think they would approve me. They approved me for a credit card higher than the value of the car loan I'm wanting

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If you have NFCU then try them.  Whether you get approved will depend on your credit profile and base on the info. provided your chances are strong. 

[Anonymous]

Been paying on all my cards perfect. All my derogatory marks are 3 to 4 years old and paid off. 2 mature auto loans no late payments. Plus I'll have about 7k in equity in the loan

[Gmood1]

Sounds like a winner! Penfed pulls EQ fyi. Chances are you'll be approved by any of them DCU, Penfed or NFCU. I know Penfed gives the best rate regardless of your score, as long as you are approved. By that I mean a person with a 680 will get the same great rate as a individual with a 800 score.

[Anonymous]

Well I have about a 10k paycheck coming on the 15th of september. Is it worth it to wait till 15th to apply for loan or just do it now.

[Gmood1]

Only you know your finances. That depends on if you plan to make a down payment or not. It really shouldn't matter. The approved loans are normally good for at least 30 days.

[Anonymous]

Mainly just to up my proof of income. I'm financing 15k on 2010 camaro ss 40k miles. The down payment I'm working out with seller

[Gmood1]

Being the vehicle is nearly 6 years old. You'd definitely want to drop how much you finance on it. That means either talking the seller down or putting down more money.