Re: what is a "well qualified buyer" for automobile special financing 0% etc.
03-04-2011 12:06 PM
In all honesty, well qualified is another way to say "not all buyers will qualify" They cannot quantify it simply with a score since there are many other factors that are considered. Ihave seen 580s get a 0% rate due to how the deal was constructed.
Possible: Recovering from a BK, but had re-established, had an existing relationship with FMC with no blemishes, was a Ford Employee, put 3K down, and was a vehicle that Ford wanted to get off the lots.
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,