College student

[Anonymous]

I am currently a college student and looking at buying a car. My current fico scores are TU = 716 EX = 712. I only have 2.2 years of credit history and no open loans. My utilization is at 6% and I have no negatives. I plan on putting down either $2000 or $2500. I'm wondering what my chances of getting approved are?

[Anonymous]

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@Anonymous wrote:

I am currently a college student and looking at buying a car. My current fico scores are TU = 716 EX = 712. I only have 2.2 years of credit history and no open loans. My utilization is at 6% and I have no negatives. I plan on putting down either $2000 or $2500. I'm wondering what my chances of getting approved are?

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It depends on a lot. How much does the car cost and and what is your gross income? A lot of dealers will offer first time buyers programs and that usually requires around 10% down, up or down depending on their specific requirements. Your FICOs are good, but there is so much more that factors into it then just that. Most lenders also like to see a least 1 year at your job.