New Car Eventually

fishbjc · ‎12-14-2012

Have not had an auto payment in almost one year. Here's the skinny:

No Morgtage

$5k Down

$22,000 Purchase/Toyota

1 Baddie in 2 years

Debt: $9,000 CC, 29% utilization

Salary for DH $70,000

I'm nervous.

fishbjc · ‎12-14-2012

Prior Toyota Owner

Shogun · ‎12-14-2012

Shouldn't have a problem. Do you plan on using a CU or through Toyota financing?

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

fishbjc · ‎12-14-2012

Since I know the saleslady, probably Toyota. I'll talk to her first and listen to her recommendations. My company has leased about 12 cars from her, we've referred her, and I'm a prior owner....will just wait and see.

sccredit · ‎12-14-2012

Scores?

Jutz · ‎12-14-2012

Toyota financing has been really good from everything I've seen. Very low rates.

Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
Starting total revolving credit: $1100 | Current total revolving credit: $36,700
Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014

Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000

Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL

webhopper · ‎12-15-2012

My advice would be to go through the dealership on this one and go for Toyota tier 1 financing.

FICO 8:
Goal: Gardening!