With Approved Credit?

tempusfugit123 · ‎08-14-2008

Hi everyone!

I have been looking into getting a new vehicle. Im new to all of this. What kind of Fico are they looking for when they say WAC?

Anonymous · ‎08-15-2008

Depending on what financing company they use, credit is based on a tier spread. Each uses different numbers but the higher the tier the better. When they say WAC, they are usually referring to the highest tier level they use. I think that is 700+.

Anonymous · ‎08-15-2008

Depends, Some manufacturers offer programs that offer subvented rates to many tier levels. When a dealer advertises this it could mean many things. If you could send me the manufacturer and what type of car, I can find out the skinny for you. Or, at least, try!