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Valued Member
Lovelygal31
Posts: 33
Registered: ‎02-24-2010
0

NEED A CAR !! 633 SCORE

I know that most car dealerships pull TU around where I am. My TU score is 633. My debt to ratio income is 20%. I do have a car loan with a $5,000 balance. According to KBB, It's worth $4800 private sale and $3100 for trade in. I am in need of a new car because of my expanding family and the mileage on my current car is getting high and I travel A LOT. I can definately afford the payment.

 

Last year around this time, I didn't get approve anywhere I went for a SUV but I got approved at in-house financing dealerships. I got denied at Nissan and Chevy. I decided to wait 1 year. My score went close to 100 points.

 

I would like an SUV. Where would be my best bet? I was thinking Toyota or Honda??


Should I sell my car privately or trade it in?


Thanks!


Current Score: TU 633
Goal Score: EQ 720 TU 720 EX 720

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Regular Contributor
RHAL
Posts: 139
Registered: ‎12-11-2010
0

Re: NEED A CAR !! 633 SCORE

I would suggest trying nissan. Go to their website and play with the payment estimator. They have been approving people with low to mid 600 scores for 1.9 and even 0 percent. 

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Starting Score: (9/27/10)TU:602 EQ:567
Current Score: TU:670 EQ:670 EX: 706 chase pull
Goal Score: TU:700 EQ:700


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New Member
1-800
Posts: 1
Registered: ‎11-21-2010
0

Re: NEED A CAR !! 633 SCORE

Any ideal if Honda would approval with 620 FICO score?

Valued Member
Lovelygal31
Posts: 33
Registered: ‎02-24-2010
0

Re: NEED A CAR !! 633 SCORE

I'm nervous that I'll get turned down again by Nissan =( We'll see. I'm in the process of paying off more balances on my credit cards and go car shopping in 2 weeks.


Current Score: TU 633
Goal Score: EQ 720 TU 720 EX 720

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Valued Member
heatblaze2010
Posts: 37
Registered: ‎08-12-2010
0

Re: NEED A CAR !! 633 SCORE

I just got approved at a mazda dealer on a cx7 through chase bank.

 

TU 602

EXP 613

 

I got a rate of 5.7, I had to put some down but they financed me 27k with negative equity trade. So i know its possible .

Valued Member
Lovelygal31
Posts: 33
Registered: ‎02-24-2010
0

Re: NEED A CAR !! 633 SCORE

[ Edited ]

@ Heat - Was the score that the dealership pulled the same as your current Fico score? I'm just nervous that the score the dealerships pull will be in the 500s =(


Current Score: TU 633
Goal Score: EQ 720 TU 720 EX 720

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Valued Member
heatblaze2010
Posts: 37
Registered: ‎08-12-2010
0

Re: NEED A CAR !! 633 SCORE

she showed me my actual auto scores...but they are about the same to my regular scores. But before i left with the car....had two auto loans always paid but i had bad cc history back in 2005...and right now i dont have a cc over 750 limit.....I could not believe we walked out with a 2010 cx7 with that kind of rate but then again she did say she had to pull some strings and everyone else either denied or wanted to give me a 15% rate.

Valued Member
Lovelygal31
Posts: 33
Registered: ‎02-24-2010
0

Re: NEED A CAR !! 633 SCORE

Awesome! Congrats to your great rate for your credit score and approval! I'm hoping the same. . Crossing my fingers*


Current Score: TU 633
Goal Score: EQ 720 TU 720 EX 720

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Valued Contributor
usmc58555
Posts: 1,673
Registered: ‎02-18-2009
0

Re: NEED A CAR !! 633 SCORE

You will get more money on a private party sale vs. a trade in.

 

If you can comfortably afford the payment hopefully you can afford a down payment.

 

Assuming length of time on job, and DTI is good, I think you would have a great shot getting fiananced.

 

 

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Valued Member
Lovelygal31
Posts: 33
Registered: ‎02-24-2010
0

Re: NEED A CAR !! 633 SCORE

I will have up to $3K as a down payment. I hope everything falls into place. How does a private party sell work if I still have a loan on the car?


Current Score: TU 633
Goal Score: EQ 720 TU 720 EX 720

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