In the early stages of looking for a new car. I am hoping I will qualify for Tier 1 credit rating. Main concern is the loan amount of the new car I am looking at vs my previous car loan. Info below -
When do most folks feel Leasing is more appropriate than purchasing?
Credit Score: Experian FICO 8: 727 | Experian Fico Auto 2: 749 | Experian Fico 8: 731
AAoA: Average 1.4 Years | Oldest 3.9 Years
# of positive trade lines: 8 Open | 2 Closed
# of negative trade lines: 0
Income: 95,000
Lenght of Employment: 7 years
Previous Loan Experience: 1st) Open 11/2017 - 13,000 Financed Initally - Refinanced 6/19 | 2nd) Opened 6/19 - 10,000 Financed - 3,000 still owed
Debt-to-Income (DTI): 3%
Year of Car: 2021
Miles: New
Purchase/Refinance: Purchase $40,000 - 50,000 (VW Atlas Crossport)
Requested loan term (XX Months): 60-72 Months
Down payment amount: $3000
Co-borrower/Co-Signer: No
Other:
