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Trying to buy a 2014 Avalon, would I qualify?

New Visitor

Trying to buy a 2014 Avalon, would I qualify?

Credit Score: 756 TU 754 EQ 744 FICO
AAoA: 11 months
# of positive trade lines: 6
# of negative trade lines:0
Income: 53000$
Lenght of Employment: 3 months at first job, 2.5 Years at second job
Previous Loan Experience: 0
Debt-to-Income (DTI): less than 20%
Year of Car: 2014
Miles: 32000
Purchase/Refinance: purchase
Requested loan term (XX Months): 60 months
Down payment amount: 5000
Co-borrower/Co-Signer: no
Other: Oldest credit card is 2 years 2 months, should I go to my bank of america branch or dealership or apply online like penfeb?? what are your suggestions? really dont wanna make dozen inquiries
3 REPLIES
Valued Contributor

Re: Trying to buy a 2014 Avalon, would I qualify?

1) You will have better luck if you post in the auto loan forum
2) I think beyond doubt that you will be approved
3) PenFed or DCU
NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 2 of 4
Moderator

Re: Trying to buy a 2014 Avalon, would I qualify?

I don't see why you wouldn't qualify with your scores and modest price of that car and your income.. Asked for it to be moved to auto section of forum.  I would suggest DCU or PenFed or using a CU for a really good used car rate as well

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | US Bank | Fifth Third Bank | FNBO
Message 3 of 4
Valued Contributor

Re: Trying to buy a 2014 Avalon, would I qualify?

You should be good to go from a financing standpoint.

 

You may want to check out Cargurus.com and Carmax.com to see what similar cars like the Avalon you are looking at are being sold for in your area.

PenFed is one of my favorites as one EQ pull can net you multiple products if you are in the market.

 

Good luck and let us know how it goes...

Message 4 of 4