cancel
Showing results for 
Search instead for 
Did you mean: 

Getting a Second Auto Loan

tag
Anonymous
Not applicable

Getting a Second Auto Loan

Been lurking for awhile first post. Lots of great info on these boards

 

Looking at taking on another auto loan. looking for late model used F150 from 15-23k range. 

 

Paid off one previous auto loan with Navy Fed 11/12. Currently have a 2012 Focus @ 2.9% for 48 months originated on 9/13. Payments are 220 a month, currently owe a little under 8k. 

 

Have 3 credit cards. Lowes 1900 limit/ 163 on it. NFCU Flagship 12.5k limit/ 73 on it. Union Pacific FCU 1k limit/ 300 on it. 

 

Current scores are TU 727/ EQ 719/ EX 700

 

Pulling in about 55k a year. 

 

Would navy fed approve for a 0 down loan? 

 

 

 

 

 

Message 1 of 2
1 REPLY 1
cdtotten
Established Contributor

Re: Getting a Second Auto Loan

Can't speak to Navy Fed specifically, but you shouldn't have any problems securing a second auto loan. Couple of yours scores are a little below where most lenders to fall for top-tier financing (720+... some 740), but no problem securing the loan.


Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU


Take the FICO Fitness Challenge
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.