I currently have a credit score of 714 (All three scores the same) I was looking to purchase my first car . I have the income to do so as well. The only problem I can see holding me back is the fact that I have only had credit for about a year and 2 months now. I don't know if a bank would trust me since I'm still new to credit it. I was hoping to apply for a capital one Auto Loan.
Thanks!
Will I get Approved for an Auto Loan?
The only way to find out for sure is to apply for it. It looks like you have a pretty decent chance.
Reply:I have a comparable credit score and I've too only had credit for a little over a year. I was denied for an autoloan from Capital One, but approved through the bank the dealership used.
You can certainly always try, but keep in mind that any inquiries into your credit (aside from your own) do bring your credit down a little bit. You'd have a better chance of success if you went straight through the dealership instead of through Capital One. Dealerships' banks often give high risk loans (not saying you're high risk, just making a point.)
Reply:see first of all you have really a good credit score that's make a biggest impact and you can get an auto loan with minimum rate of interest, there are many on-line sources who provide auto loan for people have any credit situation, for your reference http://www.autoloan123.net my one of friend had recently got an car loan from there with good credit and also with minimum rate of interest, and by having auto loan and paying that auto loan on time this could help you to improve your credit score as well as your credit history, you can try this source may this could help you.
Reply:This company will approve just about everyone for auto loan but realize the
poorer your credit is the interest rate will be a little higher but you will get a car which allows you to get transportation to get to work.
There are no upfront fees be sure to never pay upfront fees.
http://nbjmp.com/click/?s=52473%26amp;c=84759
Reply:I think you will, your credit score is good.
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