Valued Member
pt145
Posts: 40
Registered: ‎04-23-2011
Re: Considering Car Purchase

I got a impatient & applied for the auto loan with 3 lenders, I was approved & offered the following terms for $8000. They all pulled Experian since they all mentioned the collection account.

 

Bank of America 4.42% @ 48 months: contingent on me paying/ settling the collection or they would not do business with me.

 

WellsFargo 9.5% @ 48 months or 9.7% @ 60 months.

 

Arizona Federal Credit union 4.42% @ 48 months. I'm shocked & happy I'm getting a decent rate, at least I think its decent.

 

Now I have what I need to negotiate with the dealer, hopefully we can close this $1600 gap so I can get a new car.


Entered Garden 6/3/2014, Staying until Jan 2016. Score 704 via Discover , EX674 via Amex. Goal 750
Chase Freedom 0/$2000, Amex BC 0/$2000, Wells Fargo 0/$2400, Amazon 0/$2500, Discover IT $2050/$3000,
Walmart Discover $0/$5000, Barclay NFL AZ Cardinals 0/$5000