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They pulled a 632 (Auto Enhanced)
My EX Fico is a 690.
so overall, not terrible (Well I mean it is pretty terrible but I guess not as terrible as I thought it could be... I'm not moving forward with them... they didn't seem to interested to try to make a deal (maybe because I did it online) but I have dealt with the guy before and had a great experience with the dealership so was a little surprised but he said "they" don't decide rate or approval, Hyundai does... and while some of that is true I don't buy for a second that they can't make loans go through, etc. and they woudln't even tell me a tier until I did income verification and I'm contract and they said they coudln't use that... I even sent them a recent summary showing my "TOTAL PAY" for last 5 months... he said we need a paystub that has tax deductions, etc.
I wasn't nasty but I wanted to be like which part of 1099 didn't you get... I pay taxes at end of year and we are not there yet
anyway, all good
My experience is that Hyundai Finance is difficult to deal with if your Auto-Enhanced score is under 680.
@Creditaddict wrote:They pulled a 632 (Auto Enhanced)
My EX Fico is a 690.
so overall, not terrible (Well I mean it is pretty terrible but I guess not as terrible as I thought it could be... I'm not moving forward with them... they didn't seem to interested to try to make a deal (maybe because I did it online) but I have dealt with the guy before and had a great experience with the dealership so was a little surprised but he said "they" don't decide rate or approval, Hyundai does... and while some of that is true I don't buy for a second that they can't make loans go through, etc. and they woudln't even tell me a tier until I did income verification and I'm contract and they said they coudln't use that... I even sent them a recent summary showing my "TOTAL PAY" for last 5 months... he said we need a paystub that has tax deductions, etc.
I wasn't nasty but I wanted to be like which part of 1099 didn't you get... I pay taxes at end of year and we are not there yet
anyway, all good
Sorry about your experience...I always llke to treat auto purchases like buying a home...with a preapproved loan from my financial institution. As you stated, "it's all good".
did they pull EX only?
Do you have other auto loans / leases that are still open?
@enharu wrote:did they pull EX only?
Do you have other auto loans / leases that are still open?
Yes EX only
no open auto now that I paid off the turned in Infiniti Lease a bit ago
Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.
@maiden_girl wrote:Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.
I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)
I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.
I just picked up an Elantra last week and they pulled EQ. 726 Auto Enhanced where my wife had a 690 (771 fico!)
@Creditaddict wrote:
@maiden_girl wrote:Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.
I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)
I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.
I'm a contract employee as well so now I'm really confused! Lol. Maybe it was the dealership screw up and not Hyundai? I would try someone else. Certain dealerships can give car brands really bad names.
@maiden_girl wrote:
@Creditaddict wrote:
@maiden_girl wrote:Thats weird. I didn't have that much trouble getting financed with Hyundai at all. My very first auto loan was with them and they only asked for 3 months of income verification. They were really helpful and nice.
I'm contract employee... that is where the issue was... I mean they wouldn't tell me a rate but they also said they wouldn't be able to use bank statements or the type of paystubs I have from my employer without tax deductions (guy was clearly a little confused how it works)
I didn't pursue further... so im not sure I would have had problems getting approved if I was a regular employee with paystubs to give them.
I'm a contract employee as well so now I'm really confused! Lol. Maybe it was the dealership screw up and not Hyundai? I would try someone else. Certain dealerships can give car brands really bad names.
oh yes I believe it was the dealership mostly.