Would Chevy Finance Approve a 636 score?

Anonymous · ‎08-16-2018

I have been rebuilding my credit and my transunion is 689 with zero collections and my equifax is 636 with $1,395 in medical collections. I have no idea what my experian score is. I have $2,000 to put down with $60k year income. Would chevy or ford finance me with 0% for 60 months? No trade in and no other debt at all.

Anonymous · ‎08-17-2018

You should really pull your 3B in order to get an idea of what your auto-enhanced scores are, depending on what they are and what bureau GMF pull's in your area, you may be close to qualifying for 0% (often time's your auto-enhanced can be a bit higher, and if the finance mgr request's your best bureau to be used with GMF you might get there).

signaturecardmember · ‎08-18-2018

It depends what model/price car you are on. If you are flexible they should be able to get you done and get you a pretty good rate.

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JGGM · ‎08-21-2018

Even if you qualify for 0%, it might not be the best route for you to take. Everyone always sees 0% and automatically thinks its the best deal. For instance, if you're looking at a truck that has $7,000 in rebates, or 0% (you almost always give up a vast majority of the rebate money to get 0%) you'll probably be better off taking the rebates and paying nominal interest.

Or, if you're the type that trades in every 2-3 years....it would not make sense for you give up thousands of dollars in rebates to get 0% for 2-3 years. Now if it's a vehicle that has little to no rebates, then obviously 0% makes sense...just thought I'd point that out.

Someone mentioned having the finance manager send a backup bureau to GMF. In my experience, that has not worked - at least where I am at. We have to submit EQ and they will not accept TU or EX as backup. There are plenty of credit unions that will, but GMF has never done that for me.

Current Score 7-1-21: TU: 812 EX: 805 EQ: 839
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bigpoppa09 · ‎08-21-2018

@JGGM wrote:
Even if you qualify for 0%, it might not be the best route for you to take. Everyone always sees 0% and automatically thinks its the best deal. For instance, if you're looking at a truck that has $7,000 in rebates, or 0% (you almost always give up a vast majority of the rebate money to get 0%) you'll probably be better off taking the rebates and paying nominal interest.

Or, if you're the type that trades in every 2-3 years....it would not make sense for you give up thousands of dollars in rebates to get 0% for 2-3 years. Now if it's a vehicle that has little to no rebates, then obviously 0% makes sense...just thought I'd point that out.

Someone mentioned having the finance manager send a backup bureau to GMF. In my experience, that has not worked - at least where I am at. We have to submit EQ and they will not accept TU or EX as backup. There are plenty of credit unions that will, but GMF has never done that for me.

+1^^^^^^^^

Anonymous · ‎08-22-2018

What is a 3B score and how do you obtain one?

SweetCreditObsession · ‎08-27-2018

It's a credit report from all three major Credit Reporting Bureaus. You can order one through MyFico...look at the various packages as not all include the Auto Enhanced score.

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