Honda Financing... And a Few Tips

[Anonymous]

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@lhcole77 wrote:

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@Anonymous wrote:

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Good luck!

By the way, according to CK they double-pulled TU and single pulled EQ. New auto loan net yet reporting, old auto loan not showing as paid off yet. New mortgage from May has just popped up on EQ only.

TU dropped two points, EQ dropped 7.

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Honda Financing doubled pulled you on TU? That seems odd. I can understand a double pull across two CRAs, but on the same..hmmm.

My TU score is my best right now though. =) and I am in Nor Cal. EX and EQ are not too far behind. 

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They shop multiple lenders. So technically it shows inquiries from Cap One on both and Chase on TU. Even though it is technically two pulls, it will only count as one as far as score is concerned. The FICO models allow for rate shopping and count all inquiries within a 14 or 45 day window (depending on scoring model) as only "one pull" in regards to scoring.

[lhcole77]

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@Anonymous wrote:

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They shop multiple lenders. So technically it shows inquiries from Cap One on both and Chase on TU. Even though it is technically two pulls, it will only count as one as far as score is concerned. The FICO models allow for rate shopping and count all inquiries within a 14 or 45 day window (depending on scoring model) as only "one pull" in regards to scoring.

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I get that. But I was under the impression that if you go in and ask them to pull your credit for Honda Financicing then they would just pull it there. Was it Honda Financing doing the rate shopping or was it the dealer?

I am thinking of doing a lease and I am hoping that the only pull (s) will be for Honda Financing.

[Anonymous]

Good tips and nice choice! My dad just pulled the trigger on a '16 Touring Coupe. It was so much fun watching the dealership squirm as we got ready to leave. They were so pressed to get those 15s out the door!