What's my approval odds?

[QCTRAV]

2020 Ram 3500 Dually.

Sticker is 87k.

Dealer offer is 77k

15k down payment. 

Fico scores are 650 but auto score for some reason is high 500s. 

No cc debt at all just a personal loan for engagement ring. Great auto history with only one 30 day late in 2 years. I have history with 2 cars on on report at the same time. Just sold my truck privately and it has been marked PIF. 

No morgage. 

[AllZero]

I would recommend getting your financing ahead of time.

Try DCU.

[M_Smart007]

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@AllZero wrote:
I would recommend getting your financing ahead of time.

Try DCU.

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+1

[Anonymous]

Curious why such an expensive truck? Also what kind of income, largest previous installment loan? 

[AllZero]

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@Anonymous wrote:

Curious why such an expensive truck? Also what kind of income, largest previous installment loan? 

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I'd recommend DCU for you too if needed.

[Anonymous]

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@Anonymous wrote:

... what kind of income, largest previous installment loan? 

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Can't even guess without knowing DTI. 

[sccredit]

Need more information.  Need income as well as previous auto loan amount.  

[Anonymous]

Probably not great honestly. I have only recently started getting my credit in check and its about like yours except my auto is a hair over 600. I make between 130-150k a year, no mortgage, 1 small CC and my truck loan and with 20% down on the 47k I borrowed I had a hell of a time getting approved. I ended up keeping my liquid cash and letting the trade difference I had of 4k be my down payment because the interest rate was only 1% different. 

If you find a good deal on a loan, please let us know. 

I financed with Cap1. Its bad. 12.5%, but I dont keep trucks long anyways. I am 1099 and do a new one ever 2 years for write off purposes. (This one I will trade off well before that because the loan is so bad, getting credit going first which is my main goal right now)

[KLEXH25]

That 30 day late is probably why your auto score is in the 500's.