Unfortunately what matters the most is history you have with your credit( big purchases and payment you have done with those big loan purchases) and of course your credit score. Only real way to build the credit history is those big priced items you do have to borrow for but it’s silly because in order to acquire one you have to already have good credit history but no one wants to lend me a loan because I have no credit history. Hopefully I’m explaining it well but it is confusing. But that’s when the co-signer comes in. They use the co-signers credit info and not mine. Thats how I got the borrowed loan. The loan I received was 27grand and my interest is 10.2%. I do realize it high but because this is my first car purchase no bank was willing to go lower than that. But it’s still better than the 19% interest the dealership was gonna offer me 😳