@Anonymous wrote:
What are the general requirements for leasing a car or getting approved for a no money down loan for a new car?
My FICO 8 scores are:
EQ - 698
TU - 744
EX - 731
BUT my Auto Score 8 is very different:
EQ - 658
TU - 671
EX - 654
My FICO 8 scores are up to date but my Auto Scores are from January until my new free report. I have substantially paid down debt since January and my FICO 8 has increased substantially. Should I expect that my current Auto Scores have increased accordingly? Are my FICO 8 scores enough or do they really look hard at the Auto Scores?
Thanks guys!
Zero Down for either a Lease or Financing is possible with your scores. The problem is your interest rate on either are going to be middle of the road.
I would say about 5% for either a lease or a loan.
You might try Capital One' Auto Navigator for pre-approval. DCU might be an option as well.
