What a difference a HIGH FICO makes....

[MidnightVoice]

.....I have just bought a new car and financed it via Toyota for a ridiculously low APR.  I called them up to change the due date, and they were very, very friendly and helpful.  I changed the date to a few days later (better for me) and said that I wanted to make absolutely sure they didn't think I was paying late.  So she said "I don't blame you - with this rate you must have a high credit score and you don't wan't to mess it up"!!

I was being treated very well, and I am sure that in part it was because they knew I had a high score 

[Anonymous]

ahhh, something for us all to look forward to!  Congrats...it must feel great!

[octavia]

Congratuations M.V.!!!!!

Octavia.

[shirleyland]

Midnight voice, do you mind sharing the interest rate you received and what are your scores.

[MidnightVoice]

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shirleyland wrote:

Midnight voice, do you mind sharing the interest rate you received and what are your scores.

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Standard Toyota Corolla incentive, requires a FICO above 730.  They checked my EQ, I know it was in the 780's, but the report they pulled said 797 (auto-enhanced FICO??)

2008 Corolla

$1000 Customer Cash
Or
2.9% APR for 36 Months
3.9% APR for 48 Months
4.9% APR for 60 Months

[Anonymous]

Congrats on the new car! It pays to FICO!

[shirleyland]

MidnightVoice

Congratulations and thanks for the reply.

[Anonymous]

MV..........know what? I think you can do better with Toyota. Negotiate further.

My RAV lease is up in May - and I am getting an '08 RX-350 on May 26. You can get a lower rate with Toyota. These folks are great to work with.  

[Anonymous]

AWESOME Midnight hope to get some of that treatment in the future whenever if I ever get a new card----cant wait for the day but I will not complain my terms have gotten better and better over the years I have car shopped ---

[MidnightVoice]

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cobra19 wrote:

MV..........know what? I think you can do better with Toyota. Negotiate further.

My RAV lease is up in May - and I am getting an '08 RX-350 on May 26. You can get a lower rate with Toyota. These folks are great to work with.  

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There are different (and better) options on other vehicles - some have 0% for shorter loans.  And we did go through other options as well.  Throw in a very good price for the car (lower than some used Corollas) and a generous trade in on my '96 and battered car, and I was very happy

Comapred to last time, it is like night and day