What do I do? What are my chances?

Anonymous · ‎10-21-2020

Hi I want to buy a Ford f150, not sure what year 2019-2021 credit is kind of bad. But I plan on putting 13k cash and 5-7k worth of trade in. So most likely almost half down. Should I let the dealership try to get me approved or should I try another place like Lending tree? What are my chances of being approved? What ineterest rate for a new Ford F150 or a used one a couple years old should I expect if I did get approved?

Experian Fico Auto Score 8= 641 Fico 2= 675

Transunion Fico Auto Score 8 = 622 Fico 4= 623

Equafax Fico Auto Score 8 = 627 Fico=663

Harvey26 · ‎10-21-2020

@Anonymous Honestly you might luck up and get 0% interest I would let the dealer try you with Ford Motor Credit. There have been posts will people with similar scores getting the best rates with Ford.

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Anonymous · ‎10-22-2020

I would establish a relationship with a credit union, mostly because they almost always offer low interest rates. It's always nice to walk in with the better option of Cap One or Credit Union Pre-approvals as a backup tool and let the dealer try to beat it after striking a deal. I'm not sure if the new 2021 will immediately have a manufacture subsidized loan, but leftover 2019-2020 will.