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Waiting back to hear about financing sucks

What_do_I_do
Established Member

Waiting back to hear about financing sucks

Honda Financial approved us for the Honda Fit we want. I have since applied for credit a several area dealer to see who will give me the best rate. No one has gotten back to me in 24 hours. This waiting sucks. I know we don't have their top credit number, but my TU is 699 and my husband's is 715. This should be able to get a decent rate, even though our DTI is pretty high right now.
Message 1 of 3
2 REPLIES 2
debtisgood
Valued Contributor

Re: Waiting back to hear about financing sucks

Are you a member of a credit union? You may be able to get a top notch rate there and thus take the financing out of the negotiations with the car dealership. This gives them fewer areas to try to hide profits in.
Message 2 of 3
Bran9192
Frequent Contributor

Re: Waiting back to hear about financing sucks

I agree with debtisgood. With those scores you will likely get tier 2 or 3 financing and a CU can give you better rate than those tiers.
Message 3 of 3
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