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A question about credit and financing with Honda Financial

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Anonymous
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A question about credit and financing with Honda Financial

Hello, I have two questions. One I usually have a mid 700 credit score but when I went to my local Honda dealership and ran my credit. It popped up being 679. I was shocked to see that considering I don't have any debt and when I did I've always made more the minimum payment, always paid on time and pay off the amount before the end of the loan. I looked and showed I paid everything on time and have no outstanding balance. Is this common at all? With that said. Would my score get me the 0.9% rate for a new honda? I heard you can negotiate interest rates with car dealerships also. 

 

Thanks in advance! 

Message 1 of 5
4 REPLIES 4
Anonymous
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Re: A question about credit and financing with Honda Financial

660 is what you need for tier one with honda finance. Most Hondas places use experian

Message 2 of 5
Anonymous
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Re: A question about credit and financing with Honda Financial

Well that's good to know but they use Equifax instead of Experian. Thought it was weird they didn't use all three credit bureaus
Message 3 of 5
Anonymous
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Re: A question about credit and financing with Honda Financial

it depends on where you live. In california they use Experian. 

Message 4 of 5
Anonymous
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Re: A question about credit and financing with Honda Financial

I used to live in California. They pulled all three but that was years ago. Thanks for your advice! Hope to get myself a brand new Honda Accord in the next week. 

Message 5 of 5
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