cancel
Showing results for 
Search instead for 
Did you mean: 

does anyone know which of the scores different auto lenders currently use?

bass_playr
Frequent Contributor

does anyone know which of the scores different auto lenders currently use?

Interested in possibly financing with Chrysler on a vehicle purchase this spring.  These scores are from a fresh 3B report pulled this morning.  Now, these should bump up a bit higher within the month anyway because the reports do not show all of the paid down balances just yet.

 

FICO 8

EX-629

TU-660

EQ-658

 

FICO Auto 8

EX-653

TU-637

EQ-653

 

FICO Auto 9

EX-686

TU-687

EQ-674

 

It's obvious which ones I would hope they use.  Anyone know what Chrysler relies on these days?  TIA

Message 1 of 4
3 REPLIES 3
bass_playr
Frequent Contributor

Chrysler Financial minimum FICO's for 0%?

Interested in getting into a Durango R/T this spring.  

 

FICO Auto 9--

EX 686

TU 687

EQ 674

FICO Auto 8--

EX 653

TU 637

EQ 653

 

AAoA: 2.5 years

 

# of positive trade lines: 10

# of negative trade lines:1--paid in full and closed in 3/2018.  Shows a few 30 day lates, most recent is 5/2016.

Income: Combined gross income $200K

Lenght of Employment: Both over 2 years

Previous Loan Experience: Santander, never late, paid in full $17K, Cap One open, never late, $12K, Kia open never late $11K (trading this vehicle in, books out at $17K trade value).  Also, an old Credit Acceptance account, paid in full, has a few 30 day lates, the most recent of the lates was 5/2016.  Tried goodwill, they didn't respond in any way.

 

Debt-to-Income (DTI): Monthly debt is 16% of income

Year of Car: 2021 or 2022

Miles:0

Purchase/Refinance: purchase

Requested loan term (XX Months): 72

Down payment amount:  $10K

Co-borrower/Co-Signer: yes, her scores are just 2-4 points higher across the board compared to mine

 

Other: Looking for 0% interest, will have to order for sure because the combination of options and color we want doesn't seem to appear anywhere.  Most likely will be able to add more down payment money if need be, but bigger concern is getting the 0%.

Message 2 of 4
Loquat
Moderator Emeritus

Re: does anyone know which of the scores different auto lenders currently use?

Incentives often change but I can tell you that Chrysler Capital isn't one that's hard to get an approval from. With your current situation, even with the few dings, you should be okay for an approval. As for the 0%, that'll depend on what's being offered at the time of purchase and also, the more you reduce their risk, the more favorable the approval.

Best of luck to you.
Message 3 of 4
dunn2500
Frequent Contributor

Re: does anyone know which of the scores different auto lenders currently use?

experian......not sure if its 8 or 9

Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.