Explore the evolving auto loan market in 2025 with our expert guidance. Discover strategies to secure the best financing for your next vehicle purchase.
Category Archives: Auto Loans
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Explore the evolving auto loan market in 2025 with our insightful guide. Discover key trends and practical tips for navigating the landscape and securing favorable financing.
What Lenders EvaluateAuto lenders look at four essentials: your credit score, income, debt-to-income (DTI) ratio, and loan-to-value (LTV) of the vehicle. A mid-600s score can qualify, but you’ll usually see better rates with 700+. Keep your DTI under ~40% and your LTV reasonable by choosing a modest car and making a down payment. Stable employment […]
What Lenders Look AtAuto lenders primarily evaluate your credit score, income, debt-to-income (DTI) ratio, and down payment. A FICO above 660 generally qualifies for better APRs, but approval is still possible with lower scores if other factors are strong—like a larger down payment or a shorter term. Lenders also consider loan-to-value (LTV): financing far above […]
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