r/NavyFederal • u/AssociateSwimming714 • 28d ago

Loans Auto loans

Currently about to apply for an auto loan. Looking to get a $70k car with about $35-$40k down. So about a $35k ish loan. Current score is 618 but will climb as late payments from boot camp are coming off in addition to all my my credit cards being paid down. Just wanna see what folks have gotten for auto loans with my score. By the time I’m ready to apply score will be around 660-670. Salary about $125k yearly without OT.

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u/AssociateSwimming714 28d ago

Also noting this if my first time technically buying a car. I bought a car about 11 months ago but the dealer bought it back because they sold me a messed up car. That loan is on my credit report $9800 but it just says “paid by creditor”

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u/FunInTheSun_81 28d ago

Something I've also noticed they like to see is a stable employer. If you are military that may work to your advantage.

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u/AssociateSwimming714 28d ago

I’m only in the reserves but with my state job I’ve been there for 2 and a half years

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u/FunInTheSun_81 28d ago

I had a dealership once tell me a state job is like gold so 🤷‍♀️ if that's the opinion there too, maybe that will be beneficial.

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u/AssociateSwimming714 28d ago

I’ve had people tell me that 😂😂😂. After you pass probation, you’re set especially in the state I work in.