Auto Loans

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…