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Established Member
Posts: 23
Registered: ‎08-07-2008
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Do I qualify as a first time buyer if my first vehicle and financing is off my report?

It has been 20 years since I bought a car... they ask me if I am a first time buyer.  The loan isn't on my credit report.  Dropped off a while ago.

 

 

My credit is good: TU: 712 Equi: 697

 

What extras do they give a first time buyer?

Established Contributor
Posts: 738
Registered: ‎10-25-2011
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Re: Do I qualify as a first time buyer if my first vehicle and financing is off my report?


MmeLucie wrote:

It has been 20 years since I bought a car... they ask me if I am a first time buyer.  The loan isn't on my credit report.  Dropped off a while ago.

 

 

My credit is good: TU: 712 Equi: 697

 

What extras do they give a first time buyer?


Just tell them you are if you want to be a first time car buyer. Different dealerships do different promos for first time buyers. You would have to check. 

I'm a personal banker and do a lot of auto loans serving the Houston area.
I suggest first time car buyers to read the sticky guide in the auto loan section.
I try to check these forums often, but if I missed your post, please feel free to message me with a link to it.
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