FICO SCORE for New Car - 706?
I am trying to get a new 2007 Infiniti G35 Coupe. My Fico Score is 706. Is this a good enough score to get approved? I have 12 inquiries that took place last year (2006) and have 5 Accounts Open which have not been opened for more than one year. Will this have an effect on my application?
Public Comments
- 706 is below avg and that's a hell of a lot of inquires and new accounts. you might get approved, but you'll probably get some ridiculously high interest rate.
- Yes you can, to me 702 is very good score. Loan company's to loans for a house on Fico score below 520. Car is not as much as you buy a house. Just don't pull your credit every time because it will hurt your credit.
- Depends on your income and down payment. A 706 is above average score. Make sure you do your loan shopping in a 2 week period so all the inquiries you make trying to buy your car will count as one inquiry.
