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What exactly, is the definition of a "Well qualified customer"?
Purtaining to purchasing an automobile.
10 Answers
- wazup1971Lv 61 decade agoFavorite 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.
- Curious1usaLv 71 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.
- JeevesLv 41 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.