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What exactly, is the definition of a "Well qualified customer"?

Purtaining to purchasing an automobile.

10 Answers

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  • 1 decade ago
    Favorite Answer

    Somebody who doesn't really need a credit to buy a car, that is, almost nobody.

  • 1 decade ago

    a well qualified customer is a potential buyer who can meet or exeed the minimum qualifications to finance a vehicle. these qualifications are based on the lenders experience on the probability of the buyer making all payments without default. the credit rating does not have to be a certain score. because things like debt to income ratio can effect the probabilty of the loan being paid out. money down is not important unless you are trying to get to a specific payment range. the money down only lowers the amount financed reflecting the monthly payment.

  • 1 decade ago

    A well qualified customer is one who has the demonstrated means to afford the product (in this case, an automobile), whether cash, credit, or purchase order.

  • 1 decade ago

    Somewone with an excellent credit rating of at least 800.

  • 1 decade ago

    Perfect credit

  • 1 decade ago

    A clean credit rating and a stable bank account.

  • Jeeves
    Lv 4
    1 decade ago

    Someone with an empirica score of 730 or more on their credit bureau

    Source(s): ask.com
  • 1 decade ago

    That would be one with Good Credit. and a lot of cash for the down payment. With a trade in.

  • billy
    Lv 6
    1 decade ago

    Someone with money in their pocket or extensive credit.

  • 1 decade ago

    one who has a very high credit rating

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