05-06-2013 11:48 AM
Now that we are waiting to here back on the conditional approval pending pay stubs, I realized I may have asked for just slightly too little for what we may need. We request 32,000 and in reality I think ( to cover tags and etc ) we may need 35,000. Does asking for a bit more potentially hurt our chances for approval or how does it work if it's approved and we ask about slightly more?
Also, if this is approved, how does one haggle the sticker price of a new vehicle? I'm trying to research heavily on it and I'm not sure what one should request discount wise for a vehicle that is selling for 31,000.
05-06-2013 11:50 AM
I wouldn't be spending $35k on a car if I wasn't putting AT LEAST taxes, title. license down.
05-06-2013 01:58 PM
I don't know who you applied through, but I recently applied with PenFed and asked for a loan amount of $30K with $5K down. I called them back to see if they could up the loan amount to $35K. They said they would check and that it might come back as an instant approval or they might need additional information. It ended up coming back instantly approved.
05-06-2013 09:05 PM
05-07-2013 09:03 AM - edited 05-07-2013 09:04 AM
That's what I thought, Project17. Looks like we'll just have to pay the stick price and work around it.
And as far as titles and so forth goes, our bank covers 100% titles and tax as per their advertisement. I'd like to take advantage of that since they've been great with us so far.
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.