08-08-2007 04:03 PM
08-08-2007 04:15 PM
08-08-2007 06:34 PM
I just went through buying a new car. Got a Range Rover in NY. The financing that was the most attractive was the offer of a lease with almost NOTHING down from BMW (aka Land Rover) Capital. They approved the lease - no BS - in about 1 day. My scores at the time were in the high six hundreds at the time (695 / 687 / 679) and it was not a problem. I have a BK as of 01/05 and no dings since then The remaining credit is perfect. Paid as agreed, etc. Oh, and there is one tax lien that is now over six years old. So that's what I went though and it seems like the high six hundeds is good enough to get a lease. The finance offers were not as attractive because of their interest rates. Not outrageous, but 'market' rates vs the super discounted rates that were offered at the time. While I could get a deal on the lease money, the finance of the purchase was at about 7 percent. At the time there were offers of 2.02 percent for 48 months, and similar deals at the time. I was NOT offered those. Maybe because of the model I chose, maybe because of my credit. Don't know the real reason. BTW: set these guys up on automatic payment. They'll report God Himself late if it's only one day! You can call and snivel and get the first one reversed if it's a day or two. The second time round it's not so easily changed or erased. Just fyi...
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