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Frequent Contributor
Posts: 305
Registered: ‎07-05-2011
0

Re: Dealership approved but need to wait on Downpayment

Congratulations!!!  !!!! Good things do happen to Good People.  You guys have been through so much and its about time a little happiness comes your way. 

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Dealership approved but need to wait on Downpayment

Thank you everyone so far for your helpful advice and reassurance.

 

On Friday, we gave 2,500 downpayment towards a 2011 Chevy Imapla with 36,000 miles on it. My husband was eager to put a warranty on this too. Probably the only thing I am remorseful about but I believe it will be handy for this used car. After taxes, gap insurance, etc... we are left paying $17,000. He only now submitted all the necessary documents to the credit union we were approved for. I'm worried that he'll call us back in a week and say something went wrong, but ... I have hope. We were approved, we got the 7.5% interest rate. We should be good! If all goes well and the credit union gives us a call to set up payment, then I will officially feel like this car is ours! All that will be left is to pay it off quickly - aiming for three years - and use it as a trade in for our next vehicle.

 

Here's hoping!


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
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Posts: 13,582
Registered: ‎04-15-2011
0

Re: Dealership approved but need to wait on Downpayment

Sorry for your loss but I'm happy to hear that your vehicle situation is improving.  Good luck to you and your family!



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EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Dealership approved but need to wait on Downpayment

I called the credit union lending us the loan and they said it's been approved and ready to go. We need to open an account with them and the setup packet will be mailed to us soon. I'm so excited! I have nothing to worry about! Yay!


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Frequent Contributor
Posts: 348
Registered: ‎03-25-2011
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Re: Dealership approved but need to wait on Downpayment

Probably one of the longer week or two of your life eh ? Congratulations on KNOWING that all is set ! Keep it rolling now with timely payments and the sky is the limit !
TU-717 (MYFICO) EQ- 696(MYFICO) EXP 711(Amex denial letter)
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Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Dealership approved but need to wait on Downpayment

Very long. But hearing the approval by the credit union was the best news ever. Thanks for all the helpful advice, nuggets!


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Dealership approved but need to wait on Downpayment

Congrats

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