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Should I Pre-Qualify or let the dealer??

dunn2500
Frequent Contributor

Re: Should I Pre-Qualify or let the dealer??

4.19% in 2020 and 3.3% a few months ago.....i was just outside of top tier so bit of a bummer, but still better than anyone else so

Message 11 of 14
Jmbamman
New Contributor

Re: Should I Pre-Qualify or let the dealer??

3.3% is pretty good. Wonder what kind of profile one must have to get tier 1. 






Message 12 of 14
dunn2500
Frequent Contributor

Re: Should I Pre-Qualify or let the dealer??

i had short active history......2 yr perfect auto history and only 1 CC, no derogs and long work and residence history...my score was 739 i believe for pen fed.....i did used them because they pulled from my highest credit bureau and scoring model....FWIW

 

think i needed 742 or above thru pen fed to get the next bump........i was sub prime most of my life until i turned it around

Message 13 of 14
Billyboyduffle
New Member

Re: Should I Pre-Qualify or let the dealer??

I worked for GMF as a credit analyst & I will say they have high rates (unless you are going for a subvented rate like 0% or 1.99%). I'd say the dealership can get you a lower rate with someone else. 

Message 14 of 14
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