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Posted in Auto Loans
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oscar55555

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will i need a co-signer as is did previously on a vehicle which i paid off 5 months earlier

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Top Contributor
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Its hard to say

With out seeing whats in your credit report, I have no way of telling.  Just because you paid off a previous loan early, doesn't always mean that your a shoe in for a new loan.  The other factors in your report will have more bearing than the old loan. Credit reports don't say "He's a good guy and paid early"  it just says, loan paid on time.  Theres no extra credit for paying early. 

In general, If you have other eastablished credit and your score is above 650 you should be able to secure a loan.  Want a better interest rate, get your score above 750

Good luck

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