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Do you think we have a chance at 0% financing (regardless of money down)? It would be for a 2012 Ford F-150 crew cab.
Bankruptcy discharged 12/07. No baddies on our CR except the bankruptcy. However, our CCs are fairly new...5 months for hubby, 2 months for me. No trade in. We owe about 9k on another car loan. Have perfect auto loan record. 138k income. Own our house so no mortgage. CC utilization under 1%. Auto enhanced FICO scores were 740s for hubby and 720s for me.
I just got 0% 66 months on a Fusion Hybrid, my scores are below. I put $1,500 into the deal but had $4,000 negative equity so was "upside down".
What you might want to do (which I did, recommended by Stephen Snyder) was to talk directly with the finance guy first. I specifically told him he wasn't authorized to pull. Told him about my scores, BK, and history (good over 20 years) with Ford Credit. He told me I should qualify, I believe I was considered Tier 2 (not Tier 1) but still got the 0%. If the dealership wants to play financing games, walk out.
@chasmith wrote:I just got 0% 66 months on a Fusion Hybrid, my scores are below. I put $1,500 into the deal but had $4,000 negative equity so was "upside down".
What you might want to do (which I did, recommended by Stephen Snyder) was to talk directly with the finance guy first. I specifically told him he wasn't authorized to pull. Told him about my scores, BK, and history (good over 20 years) with Ford Credit. He told me I should qualify, I believe I was considered Tier 2 (not Tier 1) but still got the 0%. If the dealership wants to play financing games, walk out.
Unfortunately, they did a hard pull already. We were told it wasn't but later that night we got an alert from our credit monitoring letting us know. I was not happy!
I believe it will be possible. They just don't look at scores, they take into account your income also.
We did it! 0% for 60 months. No $ down (had it but why bother if 0% financing, will go into our house fund)! 3.5k below KBB with taxes, etc. included. Free Scorpion bed liner and all gratuitous advertising removed! I refuse to own a car with the dealership crap all over it! My husband is totally stoked right now!
I think it's time to get myself a new car, too? Right? LOL!
Congrats. What lender did you go through if I may ask?
@Credit314 wrote:Congrats. What lender did you go through if I may ask?
Ford financing.
Congrats on the purchase and the rate.