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Epic Contributor
Creditaddict
Posts: 22,036
Registered: ‎10-23-2007
0

CarMax = Ally Approved

So the update is we went through CarMax and Ally for the purchase of our 2011 Toyota Prius today!

Partners EX 784 (BLEEP!)

My EX 646 *Sad Face*

 

4.64% for 72 months (only option through carmax) $26,500 basically with GAP and taxes and $2k negative equity, $0 down... we did run with putting money down and it barely changed apr if at all so opted for none!

 

I'm hoping to refi in a couple months with Burbank City CU on my own.

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
Remember0
Posts: 1,288
Registered: ‎02-12-2014
0

Re: CarMax = Ally Approved

Congrats Creditaddict! 4.74% is honestly a pretty good rate, it certainly won't kill you with the interest like some 15% or 20% rates I see all the time. :smileyhappy:

As I am very busy with work these days, I am participating in the forums less than I would like to. Please feel free to email me directly remembermyfico //at// gmail /dot/ com if you would like me to respond to a specific question you have.
Contributor
GooseGirl
Posts: 163
Registered: ‎05-28-2014
0

Re: CarMax = Ally Approved

Congratulations! My youngest child says the Prius is the perfect car to own in case of a Zombie apocalypse. It's quiet so they won't hear you (except in reverse) and it will go forever so you will outlast all your buddies who have to stop for gas and then get eaten.

 

I imagine that probably wasn't one of the selling points you considered prior to your purchase but thought I would pass it along as a bonus "feature" of your new car :smileyhappy:




Starting Score: EQ 541 (lender pull July 2012)
Current Score: EQ FICO 673, TU08 648, EX FICO 654
Next Goal Score: 680
Epic Contributor
Creditaddict
Posts: 22,036
Registered: ‎10-23-2007
0

Re: CarMax = Ally Approved


GooseGirl wrote:

Congratulations! My youngest child says the Prius is the perfect car to own in case of a Zombie apocalypse. It's quiet so they won't hear you (except in reverse) and it will go forever so you will outlast all your buddies who have to stop for gas and then get eaten.

 

I imagine that probably wasn't one of the selling points you considered prior to your purchase but thought I would pass it along as a bonus "feature" of your new car :smileyhappy:


LOL

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Regular Contributor
TATATA
Posts: 154
Registered: ‎02-24-2010
0

Re: CarMax = Ally Approved

[ Edited ]

Creditaddict wrote:

So the update is we went through CarMax and Ally for the purchase of our 2011 Toyota Prius today!

Partners EX 784 (BLEEP!)

My EX 646 *Sad Face*

 

4.64% for 72 months (only option through carmax) $26,500 basically with GAP and taxes and $2k negative equity, $0 down... we did run with putting money down and it barely changed apr if at all so opted for none!

 

I'm hoping to refi in a couple months with Burbank City CU on my own.


Congratulations on your purchase! 4.64% is a high rate for someone with a FICO score of 784. You should try to refinance with your partner with LAFCU. You should qualify for 1.95% for 72 months. Burbank City CU is offering 2.65% for 72 months. 

Total CL's combine: $150,600.
Epic Contributor
Creditaddict
Posts: 22,036
Registered: ‎10-23-2007
0

Re: CarMax = Ally Approved

I will trying to refi with burbank in a few months and hopefully drop to 60 months too
Lafcu? They pull EX?
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
j_casteel
Posts: 1,918
Registered: ‎06-21-2012
0

Re: CarMax = Ally Approved

Just curious, but are you already upside down in the "new" car? Financing $26.5k on a almost 4yo Prius seems steep. I have never priced any Prius's but I wouldn't think they would be that much?
| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $15k | Freedom $3k | IT $4.5k | CSP $5k | Marriott $5k | AMEX TE $9k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Epic Contributor
Creditaddict
Posts: 22,036
Registered: ‎10-23-2007
0

Re: CarMax = Ally Approved


j_casteel wrote:
Just curious, but are you already upside down in the "new" car? Financing $26.5k on a almost 4yo Prius seems steep. I have never priced any Prius's but I wouldn't think they would be that much?

I'd assume the $2500 taxes and $2k from our lease... So about $4500 I'd venture.

when I refi though I'll fix tha!

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
j_casteel
Posts: 1,918
Registered: ‎06-21-2012
0

Re: CarMax = Ally Approved

Hope it works out for you....either way if you're happy that's all that matters.

Congrats either way!
| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $15k | Freedom $3k | IT $4.5k | CSP $5k | Marriott $5k | AMEX TE $9k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Frequent Contributor
14Fiesta
Posts: 474
Registered: ‎04-02-2014
0

Re: CarMax = Ally Approved

[ Edited ]

GooseGirl wrote:

Congratulations! My youngest child says the Prius is the perfect car to own in case of a Zombie apocalypse. It's quiet so they won't hear you (except in reverse) and it will go forever so you will outlast all your buddies who have to stop for gas and then get eaten.

 

I imagine that probably wasn't one of the selling points you considered prior to your purchase but thought I would pass it along as a bonus "feature" of your new car :smileyhappy:


And I counter your selling point with an anti-selling point of that Credit Addict just nerfed all of his gas cards. :smileytongue:

 

His Discover IT is upcoming on 3 months of 5% back on gas but 5% back on $10 is only 50 cents! :smileyvery-happy:






EX FICO: 742 (7/1/14) | TU FICO (Discover): 716 (12/7/14) | EQ FICO: 711 (12/10/14)

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