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Regular Contributor
Posts: 113
Registered: ‎08-08-2012
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Bummed!!

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. 

8/14/2014
EQ: 604
TU: 607
EXP: 610

8/22/14
607, 612, 629
Moderator
Posts: 13,762
Registered: ‎04-15-2011
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Re: Bummed!!

Hopefully all will go well.  Think positively!



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 113
Registered: ‎08-08-2012
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Re: Bummed!!

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.

8/14/2014
EQ: 604
TU: 607
EXP: 610

8/22/14
607, 612, 629
Moderator
Posts: 13,762
Registered: ‎04-15-2011
0

Re: Bummed!!

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



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Frequent Contributor
Posts: 305
Registered: ‎07-05-2011
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Re: Bummed!!

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.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: Bummed!!

Congrats

Regular Contributor
Posts: 144
Registered: ‎03-19-2012
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Re: Bummed!!

Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard
Moderator Emeritus
Posts: 10,932
Registered: ‎12-30-2011
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Re: Bummed!!

[ Edited ]

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.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Blogger
Posts: 2,876
Registered: ‎02-02-2012
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Re: Bummed!!

I was going to say what Revelate said.

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

 

 

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

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Regular Contributor
Posts: 154
Registered: ‎09-21-2012
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Re: Bummed!!


FrugalRican wrote:

I was going to say what Revelate said.

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

 

 


 

+1

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