Your Age: 31
How long have your been on file with the CRA’s? Shortest is 12 yrs 6mos, longest is 13 yrs 2 mos.

Credit Scores:
Equifax? 676
Experian? 575
TransUnion? 603

Your Credit:
Rate your OVER ALL credit from 1-10 (10=BEST) 6
Rate your installment Credit from 1-10: 8
Rate your revolving Credit from 1-10: 5

Public Records?
If yes, please describe: I have 1 judgment reporting on EQ only (not TU or EX) for $9000 from 2001

Auto Loans:
Do you have an open auto loan? No
How many auto loans are presently open? None
Are you trading in your open auto loan? No
Are there late pays on your CURRENT auto loan? No
If yes, please list the time frame.
Current open auto loan is financed with? n/a
Current open auto loan payment? n/a
Estimated amount you may be upside down in this vehicle? n/a
Rate this open auto loan from 1-10. n/a

Credit Cards:
Total number of revolving accounts: 5
Percent utilization overall: 40%

Your Info:
Total Provable MONTHLY GROSS income: $6250
Provable via computerized paystubs or what method: paystubs

Your Downpayment in CASH: $1500
Rebates not considered; Trade Equity not considered; cash only.
Please use a monetary value. Don't use the typical comments such as "little as possible" etc. I only hear that 4000 times a day. Cut to the chase please.

New or Used Vehicle: New
Please describe desired vehicle: Down to three--Infiniti G35 coupe, Acura TL, or BMW 3 series.

Please leave any comments that your feel may be pertinent and may lend added weight for a favorable outcome

Can raise my down pmt to $3500 if I wait a month. I only have two installment loans reporting from CRA's: one is a $1500 personal loan from 1994 and one is a $2000 auto loan from 1995.

I've talked with the Acura dealership in my area, and they've told me that they pull EQ. My EQ file is mostly cleaned up, except for the judgment listed above and one collection (for $40).

All negative info on reports is from 2000-2001, when I was in school. FWIW, my situation is much more stable now.

Should I wait until I can get the judgment off of EQ? Will the the captive finance cos. above most likely decline me because of it?

Thanks for any help you can provide. I really appreciate it.

a rought estime of the loan amount vs the value of the vehicle would be?

I don't have exact numbers, but it would be around 100%. Is a critical factor my situation the size of the down pmt I can put down?

As I understand your post, there is no comparable credit on which to make a decision.

Therefore I believe it will depend much on the business savy of the F&I person with whom you deal.

There is little basis for approval, your chances would be much better with a lower LTV.

Ok, I undestand. Just a few quick followup questions:

1. Besides a previous auto loan, what are some examples of comparable credit? I have student loans of ~$50K, but I don't don't think that those work.

2. Is the need to see comparable credit significntly lessened with a better FICO--say, over 700? How about if I succeed in getting the judgment deleted from EQ, as I plan on only applying at dealers that pull from EQ.

Just curious, as I have to believe that people are often getting car loans even though they don't have 'comparable credit.'

Funny--I bought my current car 6 years ago with cash. I still think it was the smart thing to do at the time, but having the auto loan history on my CR would help...

Thanks again for your help.

I normally do not consider student loans in the equation

An example of comp credit to me would be a credit installment line of say 5K or upwards that had been on file for a minimum of 12 months.

Many lenders have automatic approvals with scores as low as 660, however there are qualifying criteria that have to be considered.

I wanna play Marv! Sorry I never got back with you but I don't have any captive rates other than MMCA and I will have Hyundai Finance at the first of the month. I have all the others though. ie: Wachovia, BOA, Transouth, HSBC,Americredit,Onyx, BB&T, FCB, etc.

already have MMCA, TS, HSBC, Americredit, Onyx.

The others I need, you can email me for instructions via the board software.