Do I qualify for auto loan?

[Yoshi2015]

Credit Score: 693-720 (Depends on the model) 

AAoA: 4 year 4 months

# of positive trade lines: 20

# of negative trade lines: 0

Income: 58,375

Lenght of Employment: 3 years

Previous Loan Experience:  Current auto with Cap One 

Debt-to-Income (DTI): not sure

Year of Car: 2019

Miles: 14k

Purchase/Refinance: Purchase

Requested loan term (XX Months): 84

Down payment amount: Flexible 

Co-borrower/Co-Signer: No

Other:

Amount needed:$43,000

[Yoshi2015]

AAoA: 4 year 4 months

# of positive trade lines: 20

# of negative trade lines: 0

Income: 58,375

Lenght of Employment: 3 years

Previous Loan Experience:  Current auto with Cap One 

Debt-to-Income (DTI): not sure

Year of Car: 2019

Miles: 14k

Purchase/Refinance: Purchase

Requested loan term (XX Months): 84

Down payment amount: Flexible 

Co-borrower/Co-Signer: No

Other:

Amount needed:$43,000

[dunn2500]

easily....idk if they will do 84 mo on used car but as far as your score no issue.....i did 47k with 65k income and 665 score just few months ago

[Yoshi2015]

Ok thanks that makes me feel a little better. My app is pending and it’s been driving me crazy all weekend. Who did you finance thru?

[dunn2500]

NFCU

[Yoshi2015]

I don't have a way to become a member. 

[Yoshi2015]

They denied me due to escalating debt. Ughhhh! It's crazy they approved me years ago with far worst credit. 

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@dunn2500 wrote:

easily....idk if they will do 84 mo on used car but as far as your score no issue.....i did 47k with 65k income and 665 score just few months ago

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[dunn2500]

that sucks man!!, i did have very low debt when i applied, but almost everyone knows someone in military......a friend, relative, another friend with a NFCU acct......but yeah NAVY was alot easier than banks thats for sure as i am sure other credit unions are as well......try pen fed and some others who have donations as way to get in.....or maybe just have to look for cheaper car.....you get 2 weeks to look for auto loans though as far as inquiries are concerned......definetly try credit union though

also knowing which scoring model a lender uses is helpful as well, my EQ 9 is highest auto score i carry and its what my lender used.....the DTI though may be tough.....there are some pretty smart peeps on here though.....research some scenarios similar to yours and see what happens......good luck

[Yoshi2015]

Penfed approved me for 4.89%!!!!! I'm stoked! I should've started with them!!! 

[Credit4Growth]

Yea buddy,  go and get a new ride!