02-04-2013 02:42 PM
In the next month or so I will be looking to trade my 2007 Volkswagen Jetta and get something different. The reason IM thinking it might be worth doing this is I currently owe $10.000 & I think its worth trade about $10.000 I did get appraisal tho the dealer told me $9.500 I think I can get a little more than that.. I have 3 years left to pay off my Volkswagen & I currently pay $321 per month.....
The Volkswagen is in great condition inside and out. Myself & 1 owner previous. Never had any incidents in the car and only 63000 miles on it.. Its been very well looked after.I was thinking a lease for a new vehicle or trading it in and getting a SUV, Maybe a Nissan Amarda or something..
About my credit:
Right now my scores are EQ- 660 - TU 650 (FICO) & EX - 683 (Fako) I have 39% UTI & 1.5 years average age credit. 1 - 30 day (Aug 2011) on a credit card payment (vive tried many times and many letters for the bank to remove this and they will not budge- I moved house and forgot to pay my last payment before I closed the card- Its 53rd Bank)
I have 3.5 years or perfect Auto loan history.. Which I hope will help my auto enhanced score???
This month I will pay down $2500 in balances which will bring my UTI to under 15% - I am looking to get the car in March or April
I have 13 inquiries in the last two years 6 of them are auto inquiries when I refinanced last year with Nationwide
I earn $38500 per year & been at my job for 4 years.
What do you think my chances are of getting a good rate and monthly payment? I was thinking of going to a credit union and joining, my wife is part of our local CU and seeing what rate they would give me?? do you think this is possible with my scores? Then seeing if the dealer ship would give me better
Any advice would be great? keep the car, trade the car. Get lease or buy 2nd hand? Please give me all the thoughts and advise you can to help
02-04-2013 04:44 PM
02-04-2013 04:47 PM
Thats great. didnt know they would do that. How does it work with trading in a car that may put you upside down by 500 or so?
I am also hoping paying down most of my CC will bump my credit score up to around 700.. when you say 700 is that the auto enhanced score? or fico?
02-04-2013 04:49 PM
02-04-2013 04:55 PM
That sounds great. the idea of leasing sounds great to me. i rarely do over 10000 a year .
What did you lease and how much per month and how much down? if you dont mind me asking?
how do they work out Auto Enhanced? Ive had 3.5 years of perfect payments over around $350 per month..
02-05-2013 11:39 AM
02-05-2013 11:41 AM
02-05-2013 11:44 AM
02-05-2013 11:47 AM
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.