topic Re: Bummed!! in Auto Loans

Bummed!!

jwills1218 — Thu, 11 Oct 2012 14:42:39 GMT

I negotiated a great deal on the redesigned 2013 Accord Ex. Gave them my blessing to pull credit last night to find they use exp! I've read from some that they used tU as well as exp. turns out my score for exp is 630!! They are submitting to banks this morning... Really wish my TU score was used, it's much higher.my exp is the lowest of the three.

Re: Bummed!!

Shogun — Thu, 11 Oct 2012 20:14:36 GMT

Hopefully all will go well. Think positively!

Re: Bummed!!

jwills1218 — Thu, 11 Oct 2012 21:23:20 GMT

My actual score was 637 for Experian. I was told i was approved by AHF for 9.39%. I'm in the process of trying to see if thats the lowest, or is that with the dealer 2% mark up.

Re: Bummed!!

Shogun — Fri, 12 Oct 2012 01:51:00 GMT

You could get it, keep working on your CRs and refinance it in 6 months to a year.

Re: Bummed!!

germaine47 — Fri, 12 Oct 2012 02:19:20 GMT

I applied for both Honda and Toyota, but in my region they most assuredly pulls Equafax. When I spoke with Dealer I requested that they pull my Transunion as well becuase it was my highest score. I decided to go with Toyota Camry with 1.9% APR for 60 months, be positive and state the facts and everything will work out.

Re: Bummed!!

Cadillac-XTS — Fri, 12 Oct 2012 02:45:45 GMT

Congrats

Re: Bummed!!

bodybuilder510 — Tue, 16 Oct 2012 15:07:50 GMT

Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard

Re: Bummed!!

Revelate — Wed, 17 Oct 2012 06:34:07 GMT

bodybuilder510 wrote:
Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard

5% from dealer financing on a new car with a 630 credit score? That would not be common in my opinion; likely can do better elsewhere but 9% isn't unreasonable in this instance. As others have posted, refinaincing in six months can likely reduce the interest rate by some amount.

Re: Bummed!!

FrugalRican — Wed, 17 Oct 2012 10:55:17 GMT

I was going to say what Revelate said.

With a 630, I've seen far worse APR's.

Re: Bummed!!

ImprovingYouth — Thu, 18 Oct 2012 14:57:41 GMT

FrugalRican wrote:
I was going to say what Revelate said.
With a 630, I've seen far worse APR's.

Re: Bummed!!

Creditaddict — Thu, 18 Oct 2012 16:14:01 GMT

Revelate wrote:
bodybuilder510 wrote:
Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard
5% from dealer financing on a new car with a 630 credit score? That would not be common in my opinion; likely can do better elsewhere but 9% isn't unreasonable in this instance. As others have posted, refinaincing in six months can likely reduce the interest rate by some amount.

Im not sure if this is what bodybuilder meant but OP's TU is 670... Hopefully Auto-Enhanced would be about that too... and with 670's you should actually qualify for tier 1 or 2 which if tryin gto finance should get you the promo, otherwords maybe a lease?

or go to Infiniti (They gave me a lease!)

Re: Bummed!!

Elcid89 — Thu, 18 Oct 2012 16:48:24 GMT

Revelate wrote:
bodybuilder510 wrote:
Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard
5% from dealer financing on a new car with a 630 credit score? That would not be common in my opinion; likely can do better elsewhere but 9% isn't unreasonable in this instance. As others have posted, refinaincing in six months can likely reduce the interest rate by some amount.