Viewing a single comment thread. View all comments

Coronator t1_iuhy2ya wrote

I think it depends on your credit score, but 41% is definitely high and would likely raise some flags, however banks in general aren't quite as stringent with DTI with auto loans as they are mortgages. You might get away with it (doesn't hurt to try).

I assume you are in a HCOL area? You are certainly servicing a lot of debt!

1

LuckTrain85 OP t1_iui325h wrote

Thank you, I really appreciate the input. I'm not in a HCOL area, but you're correct, we do have a mortgage, a car payment, student loans, and a balance on a couple of cards which add up.

Going way beyond the DTI conversation, but I'm an early reservation holder for a Rivian vehicle and am locked into 2019 pricing for it. I'll be turning this around for a profit as these vehicles (used) have been reselling for 40-60K over original MSRP.

1