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To buy or not to buy?

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Mgilbert8605
Regular Contributor

To buy or not to buy?

Since it's the end of the month, I know a lot of dealers are more pressed to make sales to meet quota. I'm not sure if I should purchase a car that I'm looking at because I am waiting for a credit card that I'm an authorized user of to be removed from my report ( http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-should-I-do/m-p/2846301#M324602 ). I was told that it'd be removed from my report in 7-10 days when I called this past Monday. My current score is a 632 and I'm assuming that it'll raise once that card is removed since it's maxed out. Would you buy the car and show proof to the bank that the card is being removed since there's a chance of getting a good deal at the end of the month, or wait until your credit score updates?
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Remember0
Valued Contributor

Re: To buy or not to buy?

I don't think they'll take your paperwork into account all that much. That's more for mortgages, not auto. I'd wait till the card comes off. There's also next month end though I know March isn't as competitive. Maybe buy now and refi in March with a CU like DCU if your score goes to 675+ EQ?

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