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Member
4sarahg
Posts: 8
Registered: ‎01-23-2010

VW Credit

I am super excited that I was approved for 0% interest on the purchase of my new car.  VW pulled my Transunion score and thank goodness that it was 708 high enough to qualify for 0 interest.  I must say that my first dealer experience was very pleasant and I felt like I was in control and not the salesman.  I can say that it certainly pays off to do your research and keep track of your credit.  The Fico forums have been very beneficial and I will continue to use it so I can be in the 800 club soon!!!!!!!


Starting Score: 620
Current Score: 678
Goal Score: 750


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Valued Member
elzgarland
Posts: 25
Registered: ‎09-16-2010

Re: VW Credit

Congratulations!! :smileywink: I hope to hit 700 soon....

New Contributor
hunter399
Posts: 95
Registered: ‎01-03-2011

Re: VW Credit

I've had a few cars financed (or leaded) thru VCI (vw credit) ... they're great. If you ever need to deal with their customer service, they seem to be on top of their stuff and very nice. 

Established Member
mrsbagalot1222
Posts: 29
Registered: ‎07-05-2010

Re: VW Credit

Congrats!!! Did you get a Buggy???

~Current Wallet: NFCU Signature CashRewards Visa $5000/AAFES Military Star Card $3600/NFCU NavCheck $1500/Applied Bank $700/Amazon GE $700/Walmart GE $500/Credit One $500/Paypal Smart Connect $300/Orchard Bank: $300/WFNNB-Comenity Bank:Victoria's Secret $300/Express $250/New York&Company $250~
Member
4sarahg
Posts: 8
Registered: ‎01-23-2010

Re: VW Credit

No I did not get a buggy.  My husband and I decided on the the Jetta TDI Cup Edition. It's a diesel engine and gets about 42 mpg with gas prices going up we need an economical car but without losing it's style. 


Starting Score: 620
Current Score: 678
Goal Score: 750


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Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007

Re: VW Credit

Congrats ...

Established Member
liberty603
Posts: 44
Registered: ‎12-29-2010

Re: VW Credit

Congrats. So VW is approving people in the high 600's ? I  hope to have a 690 by the time im ready to go have a chat with them


Starting Score: 670
Current Score: 741
Goal Score: 800


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Member
4sarahg
Posts: 8
Registered: ‎01-23-2010

Re: VW Credit

In response to your message, I have not updated my FICO Challenge scores but here is some info.  VW creditors only pull your  Transunion score for the loan.  As of last week my score is in the 700's but this I know for sure is that you need a 700 or higher in order to qualify for a 0% interest loan.  If and when you are ready to purchase a vehicle check your scores ahead of time and ask the salesman which one they use to check your credit if  TU EXP or EQ.  Good luck with your endeavors.


Starting Score: 620
Current Score: 678
Goal Score: 750


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Established Member
liberty603
Posts: 44
Registered: ‎12-29-2010

Re: VW Credit

 


4sarahg wrote:

In response to your message, I have not updated my FICO Challenge scores but here is some info.  VW creditors only pull your  Transunion score for the loan.  As of last week my score is in the 700's but this I know for sure is that you need a 700 or higher in order to qualify for a 0% interest loan.  If and when you are ready to purchase a vehicle check your scores ahead of time and ask the salesman which one they use to check your credit if  TU EXP or EQ.  Good luck with your endeavors.


thanks for the heads-up! it all makes more sense now that you mentione dyou re in the 700 club.

 


Starting Score: 670
Current Score: 741
Goal Score: 800


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New Contributor
hunter399
Posts: 95
Registered: ‎01-03-2011

Re: VW Credit

 


4sarahg wrote:

In response to your message, I have not updated my FICO Challenge scores but here is some info.  VW creditors only pull your  Transunion score for the loan.  As of last week my score is in the 700's but this I know for sure is that you need a 700 or higher in order to qualify for a 0% interest loan.  If and when you are ready to purchase a vehicle check your scores ahead of time and ask the salesman which one they use to check your credit if  TU EXP or EQ.  Good luck with your endeavors.


 

This is slightly misleading ....... 

 

When buying a car, you will usually have your credit pulled twice. This practice is used by the dealer as a negotiating tool. 

 

1) DEALERSHIP runs your credit, usually pulls all 3, with scores. 

2) LENDER will then pull your credit AGAIN. Each lender the dealer submits too will probably also pull your report(s). 

 

If you KNOW your credit is a-tier, demand that the dealer not run your credit, and submit direct to the factory bank. 


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