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@6speed8 wrote:I saw several posts back, you mentioned a Tiguan. Not to give the VW fan boys a heart attack lol, but I wouldn't. And I've owned multiple VW's and was a VW service advisor. Individually and as a family, we've had 6 VW's combined. Two were reliable as sunrise. My sister still has her 2005 Jetta since new. Yes it's 11 years and 150,000 miles old now, but the repairs started long ago. It doesn't break every day, but when it does, it's always $1000+. Me and my hubby are now on our third Hyundai/Kia product in 8 years - curently 2012 Kia Forte5 SX with 80,000 reliable miles, and my two month old 2015 Sonata Sport 2.0T Limited. Still "new" but a great car. And the Sonata is part of my long-winded point lol.
When I went car shopping, it was more as a "let's just see now rather than wait until later in the year". My scores were lower than yours. With my scores and income, Capital One pre-approved me for $17,000. With a $6000 down-payment in hand, that meant my cap was $23,000 out the door for whatever car. I let the dealer run my credit anyway. With my $6000 down payment, Hyundai Financial approved me at 4.9% with using the $2500 Factory cash back and the Hyundai Financial $2000 incentive all going towards the down payment. So essentially a $10,500 down payment and financing me for $4000 more than Cap One. Had Hyundai not approved me for the car I really wanted, I'd have waited until later this year to have more of a down payment on my own.
MORAL lol: A car that has some good cash-back offers whether factory or their financing, might help your upside down trade situation a lot.
Congrats on the car and financing. And thanks for the knowledge. I am looking for a car right now and reading these posts really helps.
@Anonymous wrote:yesterday June 2, 2016
so after doing a a lil research I went on ahead and got pre approved from USAA I requested $38,100 after playing with the numbers I figured the most I would be upside is 3100 I found two vehicles that I liked but, also had incentives and rebtes vehicles resereched:
2015 Ford Edge sport with all the bells and whistles and the 2016 Audi Q3 premium
took the vehicle to carmax $10,000 appraisle and thats where it stood at ford and Audi not this is where it get crazy. I'm not upside down 3k I'm upside down $6,043
the 10 day payoff was $16,043 I was like WTH!!!!!!!!! I felt like that other guy on another post the never ending loan.
so I'm at the Audi dealership I just test drove the Q3 don't like it, to small but its priced to cover the negative. I was relieved but the vehicle was too small so I told the sales lady. I am going to have to pass and go with my second offer at the ford dearlership. she went and got the manager I explained to manager that I had already secured finacing through my credit union, he asked about my credit I showed him my fico scores and also told him the A3 was too small, he said what about the Q5 my eye lit up, I told him I researched that option and it wouldn't be a good fit for my budget he said what if I can get U in a lease with the same payment as the honda I said we will have a deal
the deal came back $2800 for lease signing and payments of $554.87 for 36 months I honestly coudn't be happier
Audi Q5 premium plus financed through VW credit leasing
pulled auto scores
EQ Facta beacon 09: 659
EX Fico Auto V8: 698
TU fico Auto 08: 718
Congrats that it finally all worked out! Lots of good advice in this thread!
Congrats on the new car.
Not exactly how I thought this thread would work out, but glad that you are happy.
Is GAP insurance included in the lease? Mileage?
How do u put up a picture I would love to
it the 2.0T Premium quattro SUV
Gap included and 12k mileage
I'm retired and don't drive much
@Anonymous wrote:How do u put up a picture I would love to
it the 2.0T Premium quattro SUV
Gap included and 12k mileage
I'm retired and don't drive much
Congrats. As a former Audi service advisor as well, for your Q5 as well as anyone owning a vehicle that has Audi MMI-style controls - on the console NEXT TO THE CUPHOLDER LOL, DO NOT spill anything on them. Replacement will cost you LOTS. It was the primary reason I stayed away from the Mazda 6 - as well as the IPad-tacked-to-the-dash look of the display.
Currently on the table -
10 Day = $12,849
Car Max = $8,000 ($1,800 lower than last year)
Pre-Approval from Logix = $20,000 max, 9.99% pulled 639 EX when EX has my FICO 8 at 679.....
Negative Equality = $4849
Few things floating around, stay tuned.
Let me know how it go!
@Anonymous wrote:Let me know how it go!
Minor update -
Logix is now taking my Uber income into account and we'll see if that increases the loan amount.
I am going to pay the negative balance at least about 90% of it. This is what has stopped Ford Credit from approving me more so than the repo at this point as Tier 4 still has access to 0% financing. The Logix loan amount is really too low to do something with it, I need it to come up about $22,000 and then if I just want to bite the bullet I can get a base car.
Base car does not have Sirius/XM though.
I need one of the packages to get it, so that's my goal. I should be able to pay it off by the start of July.
@Dj4Money wrote:
@Anonymous wrote:Let me know how it go!
Minor update -
Logix is now taking my Uber income into account and we'll see if that increases the loan amount.
I am going to pay the negative balance at least about 90% of it. This is what has stopped Ford Credit from approving me more so than the repo at this point as Tier 4 still has access to 0% financing. The Logix loan amount is really too low to do something with it, I need it to come up about $22,000 and then if I just want to bite the bullet I can get a base car.
Base car does not have Sirius/XM though.
I need one of the packages to get it, so that's my goal. I should be able to pay it off by the start of July.
You seem very knowledgable about Ford financing. Do you know what the tier 5 rate(or lowest tier) would be for Ford? Considering a leftover new 15 Fiesta SE 4 door.
Two 30 day auto baddie's; last one was 2012. Thanks.
@Anonymous wrote:How do u put up a picture I would love to
it the 2.0T Premium quattro SUV
Gap included and 12k mileage
I'm retired and don't drive much