Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
WearyStudent

3 Contributions
3 People Helped
I have a 731 score, a part time job and no bills. Would I be approved for a loan or lease?
Im a full time college student with a part time retail job. My parents give me money for all my living expenses. So I could easily afford payments but I'm not sure that I'd get approve seeing as my verifiable income would be low. I currently have a car that I would trade in for the newer car and I can make a big down payment.
Loan Amt would be about $10000. Lease would either be with Audi Financial or BMW financial.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
61 Contributions
36 People Helped
Most Helpful Response

Its possible

Helpful to 1 out of 1 people

Do you have more than 12 months of credit history?  A lot of lenders like Audi/BMW don't actually verify income if you have good credit history.  When you apply, just include all your income including what your parents give you.

Assuming they don't decline you for limited credit experience, they will probably approve you with a 731 credit score. Especially for only $10k.  Good luck.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.