Anyone else worried about getting approved for financing?
#31
CC companies make money off the seller. Handle your cash and debts well and you won't be in a credit card with interest deal. Ratio is simple enough through a high credit limit on a card and manage the balance. Never being late is much more important, IMO, than having a wallet full of cards to make you look solvent...
I will still highly recommend having your financing in place before you buy. Let the dealer try to beat your deal rather than hope they will "get you done".
It's never hurt my beacon.
#32
Thats true. My credit unions CRUSH the dealers every time, to the point where I don't even let the dealers try anymore, they've never been able to beat the CU's on the cars that I've bought.
#33
#34
closing accounts generally hurts credit.
#36
#37
I can see how a debt utilization percentage could push a score up. No doubt, things have change in the past 14 years since I worked retail in car sales as personal training for getting into the automobile business. Back then, having high open lines of credit through revolving and CC accounts, when compared to income, would make getting a loan at a decent percentage rate difficult. This change could be why there's been a horrible problem with credit defaults...
Paying on time, for EVERYTHING, and above the minimum payment amount will go a long way toward your desirability as a credit risk.
Shop a loan before you close on a car. Let the dealer beat your rate.
#38
only down side to most credit unions is that some,depending on where you live, dont transfer your credit score to the credit bureau and they sometimes wont transfer your credit score if for some reason you move out of town. other than that credit unions are great for deals. my banks always beat my credit union on rates.
dealer banks also have very low rates, sometimes lower than credit unions, due to the amount of loans they do every day. banks will start to offer better rates depending on how much business they can get out of the dealers.
dealer banks also have very low rates, sometimes lower than credit unions, due to the amount of loans they do every day. banks will start to offer better rates depending on how much business they can get out of the dealers.
#39
#40
Most dealerships won't give 0% on a GMS ordered car either, only in stock models. I have to order all my stuff because the dealers don't stock what I want generally.
Not true u as a employee are entitled to all incentives that are available
Not true u as a employee are entitled to all incentives that are available
#41
Not an employee, but they run 0% very infrequently, and when they do, they don't do it for 2 months, the time it takes to put an order in and get the car. And even if they did, usually it's stipulated that it's only on in stock cars.
#42
Hopefully with the government intervention to get credit flowing and the interest rate drop to zero getting financing for anyone above 650 shouldn't be a problem by the time the Camaros are rolling off the assembly line.
#44
Good Luck to the young ones buying the new Camaro. I'm glad for once in my life to be over 25 knowing that my insurance is going to also be fairly cheap compared with the 16 to under 25 group who's insurance may run them MORE $$$$ than their car payment. I would check out the insurance rates on the new Camaro before digging yourself into a hole. JMHO
#45
Good Luck to the young ones buying the new Camaro. I'm glad for once in my life to be over 25 knowing that my insurance is going to also be fairly cheap compared with the 16 to under 25 group who's insurance may run them MORE $$$$ than their car payment. I would check out the insurance rates on the new Camaro before digging yourself into a hole. JMHO