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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
Re: Auto Loan Approvals!
APPROVING BANK: Honda Financial Services
BUREAU PULLED: Who knows
CREDIT SCORE: 710
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Civic
MODEL: Coupe LX
MILEAGE: 23
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16000
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 0.9
MONTHLY PAYMENT: $272.00
ANNUAL INCOME: 32000
MISCELLANEOUS COMMENTARY:
 
Was going to buy a used Honda Civic. It was December 29th and decided, why not try Internet Sales from all the different dealers in my area just to see what would come up? My final budget for a car was $18,000 but a brand new Civic would be about 20K+ including every single fee. But, just for kicks, I gave it a shot. Lo and behold, 8 different dealers quoted me FAR below the price that was advertised on the websites. The winner offered me a brand spanking new 2012 Civic for $15,000, throwing in 5 oil changes, a remote starter, and a few other side things. End of the year sales rock. It ended up costing me about $16,028 including tags, titles, everything else... After the first month, I paid it off. I don't want to owe on a car, specially considering I would have had to spend on other things if I did. But I had to get "financed" to get the car that day. Oh wells! At least I saved about 4K.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)