Reply
Valued Member
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

Take the FICO Fitness Challenge
Regular Contributor
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. 

My wallet? AMEX PR Gold NPSL, AMEX HH 1k, Citi Hilton Reserve VS, CSP 9.2k, Chase Freedom 6.7k, Chase Sapphire 5.2k, USAA AMEX 2k, Cap 1 Cash 1.2k, BBRZ MC 500, Barclaycard Apple 1.5k, Barclay Ring 4.5k, Bank Americard 123 5.5k, NFCU Cash 14k

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


Take the FICO Fitness Challenge

My wallet? AMEX PR Gold, Citi Hilton Gold, Cap 1 Cash, BBRZ MC, Barclaycard Apple, Bank Americard Cash
New Member
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
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

Take the FICO Fitness Challenge
Valued Member
Posts: 38
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
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

Take the FICO Fitness Challenge
Valued Member
Posts: 38
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
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

Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,668
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.

 

 

Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
Valued Member
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

Take the FICO Fitness Challenge
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 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.

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.