g Car Purchase
10-11-2012 12:56 PM
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 Jun 2016. Score 775 via Discover
Chase Freedom 80/$3000, Amex BC 0/$5000, Wells Fargo 0/$2400, Amazon 0/$5000, Discover IT 0/$4500, Walmart Mastercard $0/$5000, Barclay NFL AZ Cardinals 0/$5000