10-03-2012 07:37 AM
I was pre-approved last night for $19k @ 11.99% for 36 months. I was actually supprised with that rate as I have two unpaid charge offs still on my report and only a 607 FICO. I do however make over $60k so maybe that had something to do with it.
Is there anyway to negotiate the length of the loan? I am putting down around $6k anyway, but the vehicle I want is around $22k. So I am really trying to finance roughly 16k @ either 48 or 60 months. What are my options? CU isnt an option as the car is over 7 years old.
10-03-2012 02:48 PM
what kinda car is over 7 years old thats still over 22K?? sorry i didnt answer your question.
10-04-2012 03:53 AM
The 36 month term is probably due to the age of the vehicle. The older the vehicle, the shorter the terms. You could ask them if this is the case.
10-04-2012 06:16 AM
Nothing on the application mentioned anything about the age of the vehicle. I put down that I had not found one yet and that is the offer that came back preapproved.
10-08-2012 11:16 AM
I would read the fine print on the PDF you downloaded. Having dealt with them 2x recently, they did put a requirement on the vehicle. It had to be newer than 2006 and less than 60k miles.
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