When should I try for an auto loan based on score and debt to income ratio?


I currently have a family member's auto loan in my name. His family is going to buy the vehicle from me so I can transfer the title and pay off the auto loan. I know my credit score will take a hit from paying off an installment loan early. 


I currently have great credit (around 770), and my debt to income ratio is 24%. With my family member's auto loan paid off, my debt to income ratio will be closer to 15%. 


Would it be better to take out an auto loan now while my credit is higher? Or later when it's lower, but my debt to income ratio is also lower? 


Hello @MadCat, it would be best to call and speak to a loan specialist at 800-531-8722. They will be able to assist you further. -Colleen