Auto HPs

[Anonymous]

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@dsotm76 wrote:

When I got my Mazda 6 last year, I was going for the special financing.  So I told them they could pull and Mazda could pull.  No one else.  No issues with that.  I stressed it at least ten times.

This situation is a bit different since I'm trading in a vehicle (not my 6) that still has a loan on it.  Not sure if I can get where I need to be with Mazda financing and the payments, but feel I can definitely do better than the rate I have currently for the one I'm trading in.  It's at 5% and I feel like my scores and factors should at least get me a lot closer to the 2.9%.

I think what worried me was the finance advisor was all gung ho about getting the best rate and telling me that it would only count once.  I didn't think he was quite correct on that.  He did know of two banks, one local FCU and one regional bank, that would be pretty easy to work with based on what he saw without pulling.  He offered these up when I was very gunshy about many banks having that information and possibly pulling.  

I really appreciate all the comments affirming that and putting me in a better position of knowledge.  

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@dsotm76 take your MF app and show your 3B if necessary, he can look at whatever score he wants to! That should tell him everything he needs to know until he has to do the pull to complete the transaction. 

[Anonymous]

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@Anonymous wrote:

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@dsotm76 wrote:

When I got my Mazda 6 last year, I was going for the special financing.  So I told them they could pull and Mazda could pull.  No one else.  No issues with that.  I stressed it at least ten times.

This situation is a bit different since I'm trading in a vehicle (not my 6) that still has a loan on it.  Not sure if I can get where I need to be with Mazda financing and the payments, but feel I can definitely do better than the rate I have currently for the one I'm trading in.  It's at 5% and I feel like my scores and factors should at least get me a lot closer to the 2.9%.

I think what worried me was the finance advisor was all gung ho about getting the best rate and telling me that it would only count once.  I didn't think he was quite correct on that.  He did know of two banks, one local FCU and one regional bank, that would be pretty easy to work with based on what he saw without pulling.  He offered these up when I was very gunshy about many banks having that information and possibly pulling.  

I really appreciate all the comments affirming that and putting me in a better position of knowledge.  

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@dsotm76 take your MF app and show your 3B if necessary, he can look at whatever score he wants to! That should tell him everything he needs to know until he has to do the pull to complete the transaction. 

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I assume most finance guys would be open to doing that?  Before I'm ready to purchase within the next 30 days I'm going to pull all scores for my wife and I so we can show those going in and make it easier to get financed. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@dsotm76 wrote:

When I got my Mazda 6 last year, I was going for the special financing.  So I told them they could pull and Mazda could pull.  No one else.  No issues with that.  I stressed it at least ten times.

This situation is a bit different since I'm trading in a vehicle (not my 6) that still has a loan on it.  Not sure if I can get where I need to be with Mazda financing and the payments, but feel I can definitely do better than the rate I have currently for the one I'm trading in.  It's at 5% and I feel like my scores and factors should at least get me a lot closer to the 2.9%.

I think what worried me was the finance advisor was all gung ho about getting the best rate and telling me that it would only count once.  I didn't think he was quite correct on that.  He did know of two banks, one local FCU and one regional bank, that would be pretty easy to work with based on what he saw without pulling.  He offered these up when I was very gunshy about many banks having that information and possibly pulling.  

I really appreciate all the comments affirming that and putting me in a better position of knowledge.  

---

@dsotm76 take your MF app and show your 3B if necessary, he can look at whatever score he wants to! That should tell him everything he needs to know until he has to do the pull to complete the transaction. 

---

I assume most finance guys would be open to doing that?  Before I'm ready to purchase within the next 30 days I'm going to pull all scores for my wife and I so we can show those going in and make it easier to get financed. 

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@Anonymous no they don't like it. They like to do their own pull. But they also like to make money and make the sale. So you set the parameters and they follow it to make money. You are the customer the customer is always right. These are your conditions. 

[Anonymous]

Try to make the pull the same day or they argue they could be different scores, but it still gives them a general idea so, its sufficient.

[barca]

IMHO - the best way to finance is to shop yourself 

just like some suggested.

my last auto purchase:

• I negotiated the price by texting the sales guy for the final price with taxes and fees.
• I went to see the car (mileage = 3) to confirm it is brand new- then left immediately 
• i applied to BOA for the loan 65K at 2.5%
• BOA sent the dealer a check 
• I went to pick the car - all paperwork already prepared.

even if Mazda is offering 0% - see if you can get approval from Mazda instead of the dealer doing it for you .

Try to let the finanacing and price of the car be independent as much as possible 

come to a conclusion on the price first - do your homework on this very well.

[4sallypat]

@dsotm76 Have you tried the Capital One Auto Navigator ?

It gives you an idea about your rate based on a SP of your credit.

I really like the pre-qual amount and finance rate on a new or used car plus it adds the estimate TTL.

The dealer can't mark up that rate too!