Given the current economic climate....

[Anonymous]

I make $5000 per month.  House loan and all other bills are in my wife's name, and also come out of her income. ($6000/month)  Her scores are not the greatest (around 650), so I'd like to get an auto loan in my name only.  My score are right around 700 from all three bureaus.  I have one CC with 40% Util, and that payment is $120/month.  That's my only debt, so DTI is really good.  Have had 2  car loans, most recent one was paid off about 3 years ago, never late.  Only baddies are 2 lates on CC's (one 30 day, and one 60 day).  Will I have a problem getting auto loan financing in today's market?

[Anonymous]

Thats just it, in today's market who knows. Last summer I was able to buy a BMW with scores in the mid-500's. I put over half down on the car though.

I have seen some stories on this forum that Chrysler turned a guy down with scores in the 700's, and he was going to put $10k down on a $29k car.

So as always YMMV, and you won't know until you try.

[Anonymous]

Also, the lates were 2 years ago, and I have $5000 to put down.

[Anonymous]

I have half your income and have your scores and I got financed through Ford Credit.

[Anonymous]

that is very hard to believe.

[Anonymous]

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@Anonymous wrote:
that is very hard to believe.

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Why?

Score is not the end all be all.

income stability, housing stability, length at job, relationship history at the lender- there are many factors that influence a loan.