By: Joseph H

Joseph H — Fri, 25 Dec 2009 20:48:42 +0000

Both but mostly credit score, which is why so many people get in a bind after they finance something. Car dealers are notorious for getting financing so if everything checks out even with a so-so credit score, you will get the financing. Car dealers have relationships with a portfolio of lenders. They want to sell cars and they know most people need credit regardless of history so there you go — drive off with that vehicle. Just be honest with yourself that you can afford not just the payments but insurance, etc.

By: spifiman1

spifiman1 — Tue, 22 Dec 2009 10:53:28 +0000

Actually lenders look at both. If your score is sub-prime (under 640) You most likely will not qualify for a second open auto without a co-signer. If your husband credit is not bad just limited, you should be able to use him as a co-signer and be approved.

Comments on: when applying do they use debt ratio or credit score?

By: Joseph H

By: spifiman1