penfed auto

[Anonymous]

anyone know the minimum score for penfed used/new auto loan? 

[Loquat]

@Anonymous Hello and welcome to Fico Forums!  As to the score needed for an auto loan with PenFed, that will depends on a lot of factors.  With auto loans scrore is part of the equation but doesn't make up the entire loan.  Scores matter, don't get me wrong, but also your debt to income ration, your overall credit profile, if you have money down, employment history, etc.

PenFed has been known to approve with lower credit scores as long as the other factors of the loan can compensate for that missing piece of the puzzle.  Please do chime back in with more info about what your overall profile looks like and if you can answer any of the above that I've mentioned as it relates to income, etc.

This forum is filled with LOTS of folks willing to jump in and help with most aspects of finances and lending.  Just about any situation that you can encounter has probably been hashed out by many forum members who will be happy to share their data points and experience.

[Anonymous]

DTI- 27% ( based off what googles calc gave me lol)

42k income

one current auto loan with Heritage Acceptance $302/mo  /$3218 payoff  /  4/0/0 Late. Sept 2019 last late.

credit one- $300sl- $28 bal(was just paid off, but i read its better to keep a tiny balance??)

first premier- $400sl- $200 bal (paying off friday)

fingerhut- $300sl- $159 bal (actually $0 bal, just hasnt updated)

FICOS

MAIN                          574          565        571

 AUTO 5/4/2        EQ 574   TU 579   EX 572

AUTO 8                       560         566         561

AUTO 9                       568         544         558

been at current employer about 2.5 months, but this profession for 3 years.

I have pretty much expected to put atleast $1500 down.

i have a pre-qual from cap one for $18,500, Carvana for 11k.

i am a member of a credit union locally too, i was thinking of checking into them aswell.

just looking for the best rate, money down and not a total crap vehicle.