Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 23
Registered: ‎08-03-2010
0

First time buyer want your opinon!!!

My fiancee and I are trying to buy our first car and neither of us have purchase a car before.  I will list my scores but she literally doesn't even have scores because she has absolutely no credit history, so I added her on my CapitalOne card a couple months ago to start to build some history for her.  I am 25 and got my first two CC when I was 18 but both of them were CO (BOA and First Primier) no late payments in the last two years and I only have a $500 CapOne (total util at 20%) and I am a signer on a CC with my mom (5 year old account with Chase - $2K limit) but it only reports on my TU making it the highest score.  We are both 25 and self employed with $5000/month combined (gross) provable income.  All that being said here are the specifics.

 

My scores                                                 

TU - 672 (MyFico)

EX - 662

EQ - 647 (MyFico) My only outstanding collection is just on this report which is why it's so much lower

 

2007 Subaru Tribeca

$22,000 sale price

$3,000 Down payment

$21,000 financed (approx)

 

What I need to know is if anyone knows of any auto lenders who pull TU and what I should expect at a dealership as far as rate and/or approval??

 

Thanks for the help!

Epic Contributor
Posts: 28,155
Registered: ‎10-23-2007
0

Re: First time buyer want your opinon!!!

In my experience almost always TU was pulled with another report also.  Is this car at the Subaru dealership? they might have some special APR for used cars and a lot of car companies are now offering these special APR' for tier 1-3 credit, which usually brings you down to the 650-680 range to qualify.  Now if they pull Auto Enhanced scores since you have never had an auto loan, it may be lower then your regular Fico's but not sure.

My Gardening 04/29/2016 All 3 Reports on Lockdown
Partner Joined Garden 04/11/2016

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.