Lilith X asked:
Is it better to apply for an auto loan at a bank/credit union in person or online? Do you have a better chance of getting a better interest rate in person because they can approve better on a case by case basis?
Oh, I’d also like to add that i have good credit. Currently it’s at 746 and I expect it to go up more at the end of this month. Only problem is my income is a bit low.
Kathleen
Is it better to apply for an auto loan at a bank/credit union in person or online? Do you have a better chance of getting a better interest rate in person because they can approve better on a case by case basis?
Oh, I’d also like to add that i have good credit. Currently it’s at 746 and I expect it to go up more at the end of this month. Only problem is my income is a bit low.
Kathleen
Tonya
It doesn’t matter. Your income, debt and credit history do not change in either case. They don’t really evaluate you on a “case by case” basis. They have strict lending requirements that you MUST meet in order to get a loan. They don’t bend those requirements because they like your shoes!
Comment by Ryan M — July 6, 2010 @ 8:56 pm
Danny
Your chances are very good at this site.
Comment by Another One — July 7, 2010 @ 12:18 am