Reply
Contributor
Posts: 100
Registered: ‎07-17-2012
0

Buying a truck over the phone

So I have been working out of town alot and decided to purchase a truck over the internet and pick it up when I flew home to houston. Originally had intended to purchase with Ford Motor Credit since they had a special offer of 0% APR for 60 months on all Super Duty Trucks. 

 

Picked out a great 2012 F250 King Ranch 4x4 Diesel loaded got an awesome price with rebates but Ford wouldnt make the deal happen since they wanted to use my EX score instead of TU. My TU shows much higher since I have 5 paid off auto loans on it as opposed to two on my EQ and EX. Finally ended up getting the deal done with Bank of America at 2.95 for 60 months. Not exactly what I was hoping for but still not horrible.


The great thing was the finance manager said since your credit is in the prime category we can just fedex your documents and have a notary meet you at a location of your designation and they would bring me my new truck at the airport when I flew in and drop it off to me. 

 

I really have to say that I am impressed with the level of service and professionalism they have treated me with. Now I have a strong TL that will report to all three buerueas and I dont see any future problem with qualifying for anything with financing a 55K loan.

Current Scores 715 EQ (FICO 02/14) 720 EX (Lender Pull FICO) 742 TU (FICO 01/14)

AMEX Platinum - NPSL, AMEX Gold - NPSL, AMEX HH - 2.5k, BofA Travel Rewards - 5K, BofA 123 Cash Rewards - 5K, BofA Amex - 7.5K, Barclay Apple - 4K, Chase United Club - 9.6K, Discover More - 7.5K, Citi Diamond - 2.6K, Nationwide Bank - 7.5K, GEMB Dillard's - 4.5K, GEMB JCP - 5K, Capital One Venture - 3K, Wells Faro - 6K, Home Depot 1K, Lowe's 4.5K, GEMB Macy's 2.5K

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.