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Regular Contributor
Posts: 164
Registered: ‎07-03-2007
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Does toyota blacklist?

Just curious. I had a ch 7 in 2008 and included a Camry with toyota financial. I've rebuilt some since then, and was told by a dealer that she "doesn't think " they blacklist, but I'm curious. She said a score above 650 will qualify, and my score is above that (656) but I'm still a little concerned. Anyone have any experience with this?
Income is about $70k, currently have one open car loan with Ally on my wife's 2014 chevy traverse.




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Established Contributor
Posts: 839
Registered: ‎10-25-2011
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Re: Does toyota blacklist?

Most lenders do. If they do and you apply, they shouldn't inq your credit. Someone correct me if i'm wrong. 

 

Why not just apply at a local CU? They are great on auto loans.

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.
Epic Contributor
Posts: 25,565
Registered: ‎10-23-2007
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Re: Does toyota blacklist?


jason0618 wrote:
Just curious. I had a ch 7 in 2008 and included a Camry with toyota financial. I've rebuilt some since then, and was told by a dealer that she "doesn't think " they blacklist, but I'm curious. She said a score above 650 will qualify, and my score is above that (656) but I'm still a little concerned. Anyone have any experience with this?
Income is about $70k, currently have one open car loan with Ally on my wife's 2014 chevy traverse.

I have not found with cars anyone does... it's just a matter of how long and current score and since you are already financing a car you might find your auto enhance to be even a bit higher and you can qualify for the 0%

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New Contributor
Posts: 68
Registered: ‎05-09-2014
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Re: Does toyota blacklist?

We filed BK7 in 2009, our truck which was financed by TFS was repo'd a few months after discharged due to one late. We were able to buy and finance throught them again in 2012. So if they do blacklist, it's not for long.

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Registered: ‎06-26-2009
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Re: Does toyota blacklist?

[ Edited ]
 
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Regular Contributor
Posts: 164
Registered: ‎07-03-2007
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Re: Does toyota blacklist?

True. I ended up applying. Got a14.5camry




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