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Member
therealbrandonhall
Posts: 9
Registered: ‎11-11-2012

Are lenders more lenient on credit-worthiness on new or used cars based on your experience?

thank you for your input,

Member
Cox0924
Posts: 14
Registered: ‎12-01-2012

Re: Are lenders more lenient on credit-worthiness on new or used cars based on your experience?

From what I have understood neither. Its the worth of the car verses the cost at sale.
Current myFICO Score: 747 as of 12-1-2012
Established Member
Barris
Posts: 113
Registered: ‎12-04-2012

Re: Are lenders more lenient on credit-worthiness on new or used cars based on your experience?

Used cars in my opinion. Lesser risk.

Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010

Re: Are lenders more lenient on credit-worthiness on new or used cars based on your experience?

You may find the "captive" or brand finance company more receptive because they also want to move cars.  For example Ford Credit for Ford products - they have been very good to me on certified used cars and new...

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
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