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What do banks look for when applying for an auto loan?



Hey im 21 and I live in Toronto, ON Canada...my monthly income is $2000 and i only have my cell phone bill of $100 and my credit card payments of $30 a month to spend...My credit score is 650 -700 and i make all my payments on time and never miss them. My bank that i deal with is TD CanadaTrust..I have no assets...I was just wondering what are the things that could get me approved for a $23000 auto loan for a new car ?...ie: age, term at job, credit score, assets ? like what is it all about? how does it work ? and is this the best thing for me to do ?..Please let me know....Thanks

your debt to income ratio is good, not much debt, and a good income...the bank will look at that also...credit score of course...you sound like you have it together, dont worry
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