auto loans toronto
What do banks look for when applying for an auto loan?
Hey im 21 and I live in Toronto, ON Canada…my monthly income is $2000 and i only have my cell phone bill of $100 and my credit card payments of $30 a month to spend…My credit score is 650 -700 and i make all my payments on time and never miss them. My bank that i deal with is TD CanadaTrust..I have no assets…I was just wondering what are the things that could get me approved for a $23000 auto loan for a new car ?…ie: age, term at job, credit score, assets ? like what is it all about? how does it work ? and is this the best thing for me to do ?..Please let me know….Thanks
your debt to income ratio is good, not much debt, and a good income…the bank will look at that also…credit score of course…you sound like you have it together, dont worry
car loans toronto
