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toyota finacial

Regular Contributor

toyota finacial

I'm wondering hat cra toyota will pull. I live in Iowa if that makes a difference.

Also I have two vehicles that I will be trading for one lease and one purchase. Can they pull my only one time or will they do it twice?

Also I was reading about credit tiers, my fico auto loan scores are better than my regular fico score. Should my enhanced score be similar?

Message 1 of 6
5 REPLIES
Established Contributor

Re: toyota finacial

Toyota of IL used TU 700 was tier 1. They pulled 2 times. Once when i applied for preapproval and 1 for the dealership at signing.
Message 2 of 6
Regular Contributor

Re: toyota finacial


@Firemediiiwrote:
Toyota of IL used TU 700 was tier 1. They pulled 2 times. Once when i applied for preapproval and 1 for the dealership at signing.

Wow two pulls? is that standard?

Starting Score: 530EQ, 531TU, 514EX (0/2016)
Current Score: 686EQ, 710TU, 686EX (03/2017)
Goal Score: 750+ (01/2018)


Take the myFICO Fitness Challenge
Message 3 of 6
Valued Member

Re: toyota finacial

Yes you are going to have a minimum of two inquiries when you go to a dealership. The first one is when the dealer pulls your credit to see what your FICO is at and the the second at a minimum is when they submit you to a financial institution for funding and underwriting.

So if you go in with a check from your bank it is one pull. People get hung up on the multiple inquiries, it counts as one they understand you are car shopping. Not only will you be going to multiple dealers but they may be trying to get you a better rate or you might be trying to get a better rate yourself.

It is all coded as auto inquires. Stop fretting.
Message 4 of 6
Regular Contributor

Re: toyota finacial


@NavyP220wrote:
Yes you are going to have a minimum of two inquiries when you go to a dealership. The first one is when the dealer pulls your credit to see what your FICO is at and the the second at a minimum is when they submit you to a financial institution for funding and underwriting.

So if you go in with a check from your bank it is one pull. People get hung up on the multiple inquiries, it counts as one they understand you are car shopping. Not only will you be going to multiple dealers but they may be trying to get you a better rate or you might be trying to get a better rate yourself.

It is all coded as auto inquires. Stop fretting.

Thank you for your response but no fretting on my end!

Starting Score: 530EQ, 531TU, 514EX (0/2016)
Current Score: 686EQ, 710TU, 686EX (03/2017)
Goal Score: 750+ (01/2018)


Take the myFICO Fitness Challenge
Message 5 of 6
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Valued Contributor

Re: toyota finacial

For me the pulled EQ fico auto 5.
Message 6 of 6