Re: Auto-enhanced fico can a 750 regular FICO get a sub 700 auto FICO?
So is this guy trying to rip me off then? Trying to get me approved for the full MSRP so he can piece out the payments himself (raising them) instead of the bank, but still holding onto the title?
If my payments were $700 a month, shouldn't the loan amount be $700 x 36 months? I got a letter in the mail saying they approved me for $50,000, not the full $65000, but im not applying for $50,000 or 65,000!
Re: Auto-enhanced fico can a 750 regular FICO get a sub 700 auto FICO?
Yes, the loan amount should be $700x36 mos. You have to finance the residual value at the end of your 36 mo lease if you want to buy the car at the end of your lease. It is not done up front. I would ask him to clarify and put it down on paper.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Last App: 4/5/13 Gardening until July 2014
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
Last App: 4/5/13 Gardening until July 2014