Lexus Financial Services - Odds of Approval - myFICO® Forums

Anonymous · ‎10-07-2015

I have financing at 5.9% from my CU but I want to know if it's worth applying through Lexus Finanical Services (ONLY them) at the dealership? I already have a TON of iquiries on my Equifax from over the weekend (yes, I was lied to, directly to my face even after asking 3 times, should have known better).

Anyone know how strict they are or if I can even get financed with the information below?

Fico 08: 644, 636, 665

Autoscore 8: 665, 657, 660

I have a ch7 from 12/13 (22 months old). Perfect payment history since discharge

Finance amount: $42K-44K

Annual Income: $119K + Bonus

Current Auto Loan: $557/month

mynameainttracy · ‎10-07-2015

What happened to the Nissan?

Anonymous · ‎10-07-2015

@mynameainttracy wrote:
What happened to the Nissan?

Nissan = Disaster, lol. That is what happened.

I'm looking at used Lexus', the RX 350 - I found a 2014 with 9K miles that fits within my budget really well. I was just wondering if I went new instead, if Lexus financial would even be worth looking at. I think I answered my own question, I just need to stick with the used car - it is just that buying used is a first for me. The interior was perfect, there is just an exterior/paint issue they promised to fix, I got nervous that they wouldn't do it or not do it well enough and wanted a backup plan just in case.

Added: Sending my loan officer the OK to print up the paperwork now :-)

mynameainttracy · ‎10-07-2015

Having an RX350 myself I definitely think you will be getting the better vehicle. The technology is still well above my head but we love it. Congrats!

Anonymous · ‎10-07-2015

@mynameainttracy wrote:
Having an RX350 myself I definitely think you will be getting the better vehicle. The technology is still well above my head but we love it. Congrats!

I'm excited about it! I looked at it before buying my Murano, big mistake, should have gotten it then. Oh well, live and learn.

My loan documents just came in! Yay, so fast! Now here is hoping Carmax fixed the door as promised.........I won't turn over the check information until they do!

sccredit · ‎10-08-2015

If the 2014 RX does not work out I think a quality Lexus dealer could get a deal done for you.

Anonymous · ‎10-08-2015

All done! Left today with a new car. They were able to fix the issues, you have to know where and what you are looking for. So in was happy! Interior is in fantastic condition so it all worked out.

All that's left is to figure out all the buttons.....

sccredit · ‎10-08-2015

@Anonymous wrote:
All done! Left today with a new car. They were able to fix the issues, you have to know where and what you are looking for. So in was happy! Interior is in fantastic condition so it all worked out.

All that's left is to figure out all the buttons.....

Good luck with that! I've got the critical ones down and that's about it.

Congrats on the new ride!