auto loan NOT using auto enhanced score?

[FirstAscent]

Hi Everyone,

My scores are continuing to improve but all of my auto scores are quite a bit lower than my regular FICO8 scores, most likely due to all the late payments from my last auto loan Which however was paid in full about a year ago. I would like to get another car soon and I have a much better chance if it's based off of my FICO8 scores and NOT any of the auto scores.

Would it be best to call different banks/credit unions asking if they know what they use and/or will a dealer use multiple types of scores when they are looking for financing as well?

[Anonymous]

I dont know what state you are in, but if your are near Kansas or Missouri, Community America Credit Union uses Fico 8. I have had 6 auto loand through them, and soon to be another. Their rates are pretty low as well. You might be able to join online. Im not sure as I am in Missouri, but I would join if I wasn't. They profit payout. I had my checking, savings, and 2 autos through them last year, and I got $208 in profit payout in January as well as what my high interest savings got.

[FirstAscent]

Thanks for your input! I’m in Oregon but I’ll still keep them in mind. Do you recall which bureau they pull?

[Anonymous]

I believe it was Transunion.

[FirstAscent]

oh even better, TU is currently my best score =)

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@Anonymouswrote:
I believe it was Transunion.

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[FirstAscent]

Also, since I'm in Oregon, is there anything saying I can't go to any bank or credit union I want out of state? does that even matter?

[Anonymous]

I dont know about them all, but Im a member of NFCU and closest branch is in Kansas and Penfed but I dont even know where the closest branch is. I joined online

[FirstAscent]

Thanks! Any chance you’ve gotten any loans with them with any scores under 700 while getting top (low) rates?

[Anonymous]

With CACU they break down their brackets:
600-650
650-700
700-700+
From 650 to the next bracket add .5%
We always get 74 month loans and pay extra when needed at with 700+ scores at 3.49%. 84 months is 3.95% but we always pay extra. We just extend the loan so like a month like Nov and Dec we can pay a lower amount because of Christmas. Their Gap insurance is a $399 flat fee.

[FirstAscent]

Thanks, this is sounding promising. I’m expecting a jump in scores in about a week once my utilization is updated/reported on my reports.
I’m looking around 72-78 months, hoping for around 3.9% or better