Car Loan Tip No. 72 Pre Approved Auto Loan - Is Your Debt-to-Income Ratio Cause for Concern? If you want to get pre approved for an auto loan, it is important to note that most lenders will compute your debt-to-income ratio to find out if you are a high or low risk. Divide your total monthly debt obligations by your total monthly income to get your total debt-to-income ratio. A 0.36 score should cause some concern. The lower your score is the better; scores above 0.36 may cause an increase in the interest rate or the down payment on the car loan you are applying for.Written by: Anthony Recto Next Car Loan Tip
| 
