Hello credit advisors where to apply for a car loan first time buyer
Hello fellow advisors I'm very new to this and I have a question on credit karma my scores are 698 and 688 and in Experian 701 my oldest card is 5k jelerystore 3 months ago I have a secured loan and ox publishing all within the last 2 months I wanted to apply for a very small car loan like a 8k loan where would i have best odds i have no negative no late no nothing I'm a member of usaa should i apply through them or are they though? I'm trying to stay low key being that i just got membership and dont want them to change mind i do have a invite to navy fed as well should i apply there
Re: Hello credit advisors where to apply for a car loan first time buyer
I’d recommend capital one auto navigator, the credit karma scores are trash (vantage scores) I’d go to Experian and get my 3 scores from them for a dollar and a 1 week trial. If you are looking for pre owned try out carvana (they actually use the vantage score unlike most lenders) and they can deliver the vehicle if you like. Other options are local credit unions.
You can prequalify with Cap1 and carvana with no impact till you find what you want. They’ll give you the apr, max terms and any down payment needed.
Edit: Usaa doesn’t always give the best rate, they use FICO 3 which is an older version used for credit card lending too. If you have never had an auto loan I’d imagine you would have low auto enhanced score if any at all? So for your first I definitely recommend the routes above.
Starting Score: Jan 2011-600TU 598 EQ Current Score: 795TU 800EQ 772EX Goal Score: 800 and higher across the board
Inquiries: EX: 2 / 12 months 7 / 24 - 1 June 2019 CSP APP, 6 in 2018 3 are auto finance inquiries 1 is sync listed as sales finance company and 2 are credit card EQ: 1/24 June 2019 CSP
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