Sunday, October 26, 2014

Chances of an 20k AutoLoan?

I'm a 20 year old college student with no current debt. With a credit score of 756 and a monthly income of 1150 after taxes and have been working at the same place for 3 years. I also live with my parents so no bills besides car insurance and phone bills. Also my usual asset to debt ratio is less than 10% every month and I am wondering what my chances are of a getting a 20k auto-loan. I am also putting down a 7k downpayment. So a car for 25-27k range. Have been driving a Honda accord for 4 years and now it's time to upgrade. Also college debt will never be a problem in the future.

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