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Regular Contributor
Posts: 236
Registered: ‎01-08-2008
0

GM 72 Hour Sale & 0%

What kind of scores are they looking for to qualify for this promo?

Thanks
Word... To your Mothers... All of them

TU(2/14/09)=719 EQ(2/2/09)=696 EX(1/21/09)=704
Valued Member
Posts: 34
Registered: ‎04-01-2008
0

Re: GM 72 Hour Sale & 0%

Moobs - excellent question. I was turned down for a GMC loan 3 months ago because I did not have a car loan in the last 5 years. EQ 771 and TU 759 - they pulled both. $-0- debt and CC's PIF every month. Good luck!
Regular Contributor
Posts: 236
Registered: ‎01-08-2008
0

Re: GM 72 Hour Sale & 0%

Wow! I guess they really didn't want to sell their cars. Scores don't get too much better than yours.
Word... To your Mothers... All of them

TU(2/14/09)=719 EQ(2/2/09)=696 EX(1/21/09)=704
Contributor
Posts: 131
Registered: ‎05-15-2008
0

Re: GM 72 Hour Sale & 0%

760 seems to be the magic number. Call a dealership and ask what is need to qualify for 0% apr.
Contributor
Posts: 131
Registered: ‎05-15-2008
0

Re: GM 72 Hour Sale & 0%

You were so close,  seems like they would have pushed the deal through to make the sell. Other than not having a car note did they say any other specific reason for 0% apr denial?
Established Member
Posts: 15
Registered: ‎04-01-2008
0

Re: GM 72 Hour Sale & 0%

My old lady bought a car yesterday.  She got an online pre-approval through GMAC.  They pulled EX and EQ.  Her EQ was 688 and her EX was 712.  The salesman at the dealership explained to us that GMAC has 6 tiers, "S" "A" "B" "C" "D" "E".  Tiers "S" "A" and "B" qualify for the 0%.  She was "B" tier.  I see Hogwash was declined because he hasn't had a car loan in 5 years.  My girlfriend hasn't had a car loan since 2001.  She paid it off early with no lates.  I hope this helps!
Frequent Contributor
Posts: 335
Registered: ‎04-04-2008
0

Re: GM 72 Hour Sale & 0%



Hogwash wrote:
Moobs - excellent question. I was turned down for a GMC loan 3 months ago because I did not have a car loan in the last 5 years. EQ 771 and TU 759 - they pulled both. $-0- debt and CC's PIF every month. Good luck!


Maybe they are looking for people with boarderline credit so GM Financing can make money if they default - when the higher rates take effect.
Member
Posts: 6
Registered: ‎01-18-2008
0

Re: GM 72 Hour Sale & 0%

We qualified 3 months ago for 2.99( wish I had waited now) with a 758 score and he told us we  qualified easily We had not had a car loan in 7 years.
Valued Member
Posts: 34
Registered: ‎04-01-2008
0

Re: GM 72 Hour Sale & 0%

[ Edited ]
Here are my myFico scores. I received an email from the GMC dealer over the weekend trying to promote the special and the "substantial" discounts available on the Yukons. I reminded him that I could not qualify for GMC financing just a few months ago. He asked to "try it again" and I declined. He did say that GMC was a little easier to deal with going forward (not certain what that means) for credit approvals.
 
I don't need a gas guzzler right now no matter what type of financing is available. I just filled my "old" Yukon up this weekend - $128! Ouch
 

Your Latest FICO® Scores

TransUnion

Date: 6/26/2008

759

Equifax

Date: 7/2/2008

771

Experian

Date: 6/24/2008

669

Buy Today's Score Buy Today's Score Buy Today's Score



Message Edited by Hogwash on 07-09-2008 02:41 PM
Regular Contributor
Posts: 126
Registered: ‎06-24-2008
0

Re: GM 72 Hour Sale & 0%

I bought my truck today and I qualified for 72 months at 0% with a 667 EQ, through Toyota.  I declined the 0% because the rebates were too good to pass on!  I will refinance in a few months and get a little better rate (I currently have 9%).

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