Should I even bother to try to get a new truck

[gdtobefree]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

Anyway here is where I stand credit wise

EQ 630

TU 638

EX unknown

 

1 cosigned repo from Oct 2006 on EQ and EX only

6 Co's that are going to fall off around June and August of 2010.

TU is by far my best report, the co-signed repo has been deleted but I can't get it to bounce off EQ and EX

Only ONE of the CO's show a balance all the others are 0

 

I used this as a company vehicle without it I have no income.

 

With what I have listed above is it even worth it to try an apply to get a new one?

[Moorlock21]

Wow, you drive 90,000 miles a year? Are you a truck driver?

 

 

Joe

[lakbum]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

That is a lot of miles. I would say you got a lot of good use out of it. Wouldn't you say?

 

Good luck in getting approved.

Edited November 3, 2009 by lakbum

[ChrisPA]

There are financing options for pretty much anyone as long as you have a downpayment or trade in. I was approved with a low 500 credit score several years ago w/ a $4k downpayment. Best bet is to find a dealership that has a good finance manager and some connections.

 

 

With that kind of mileage and repair cost, I bet his truck is a diesel which in that case isn't that much mileage.

Edited November 3, 2009 by ChrisPA

[MarvBear]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

Anyway here is where I stand credit wise

EQ 630

TU 638

EX unknown

 

1 cosigned repo from Oct 2006 on EQ and EX only

6 Co's that are going to fall off around June and August of 2010.

TU is by far my best report, the co-signed repo has been deleted but I can't get it to bounce off EQ and EX

Only ONE of the CO's show a balance all the others are 0

 

I used this as a company vehicle without it I have no income.

 

With what I have listed above is it even worth it to try an apply to get a new one?

 

 

Depends on your application variables.

[gdtobefree]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

That is a lot of miles. I would say you got a lot of good use out of it. Wouldn't you say?

 

Good luck in getting approved.

 

It is a cummins engine they are renouned for 4-500k miles BEFORE needing a overhaul. I did NOT get my money out of it I put money INTO IT, 9 grand in the last 16 months!

[gdtobefree]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

Anyway here is where I stand credit wise

EQ 630

TU 638

EX unknown

 

1 cosigned repo from Oct 2006 on EQ and EX only

6 Co's that are going to fall off around June and August of 2010.

TU is by far my best report, the co-signed repo has been deleted but I can't get it to bounce off EQ and EX

Only ONE of the CO's show a balance all the others are 0

 

I used this as a company vehicle without it I have no income.

 

With what I have listed above is it even worth it to try an apply to get a new one?

 

 

Depends on your application variables.

 

What variables would that be?

[MarvBear]

variables=answers to the pinned credit application. Everyone's responses vary. because situations varies.

[MarvBear]

It would appear, or at least I read into your postings here, that you would be self employed. Correct me if I am wrong.

 

If you are, then a loan application would probably be scrutinized a bit more than for someone in the same circumstances that was a W-2 employee.

[gdtobefree]

It would appear, or at least I read into your postings here, that you would be self employed. Correct me if I am wrong.

 

If you are, then a loan application would probably be scrutinized a bit more than for someone in the same circumstances that was a W-2 employee.

 

Yes I am self employed, I am prepared to show Sched C's

 

Other then what is above you know everything. EX FAKO score is up to 575 this morning, still at the same for EQ and TU

[lakbum]

Mine died today and the repair is anywhere from 9500.00 to 14,000.00 I am disgusted it is a 2006 with only 274,000 miles on it.

 

That is a lot of miles. I would say you got a lot of good use out of it. Wouldn't you say?

 

Good luck in getting approved.

 

It is a cummins engine they are renouned for 4-500k miles BEFORE needing a overhaul. I did NOT get my money out of it I put money INTO IT, 9 grand in the last 16 months!

 

Oh, wow...didn't know that. Well, in that case, I retract my statement.

[MarvBear]

Sans the credit application posted and with just the information you have presented in this thread, I would predict you are approvable for an automotive loan.