wantmycar

I really don't care how tweaked the screens are as long as they give us the rate that is shown, which was much better than offered at the other dealership. For my experience the finance manager was a rediculous liar with story he made up. My question is Do dealerships make any more money if they sell a loan at 5.0% or 20.00% ? I thought they get their pay for the car and thats it. How come the finance manager would make up a story and give us a lot higher interest rate?

Ok....so after hours of searching for the vehicle I wanted in our price range I found a car at a large Infiniti dealership. We applied and get some story of how the banks are closed (on a Sat afternoon) and they can't get a def approval until monday, but offered us rediculous 18.99%! So of course I said I cant do that. So they bring out another deal 16.99% and made up some story about they are going to have to call the bank to "sell us". What a lie! I being a first time buyer thought it was wierd. So we went over to Car Max. Found a car that I kind of liked and went through the credit check. I must say I LOVE Carmax's openess with financing you see the offer on the screen when it pops us so no dealing with the finance manager. Our offer through Wachovia 12.64%.! For a car with almost same features/details. Armed with this info I take it back to the Infiniti dealership the next day (today) and they say they can match it but they have to wait until Monday because the bank is closed. Knowing that they are lying since Wachovia approval IS available today. I said I was leaving, I know I can get approved with the same bank at Car Max. What do you know....Wachovia is suddenly available with an appoval. Bottom Line-be persistent, do your research Details 06 Infiniti FX35 Loaded $22994 for 72mo @ 12.24% Wachovia Bank *Must say I speak about the credit check as though it is my credit however it is my fiance's credit we used with the following credit scores given to us by the dealership. ex 649 tu 575 eq- forgot somewhere in b/w the other 2

"paying it off"

The Sears account is closed but there is still a balance left on it that we make monthly payments on. I don't know if paying it has a major effect or not? Or if all $ should be saved towards dp.

Those are the only scores I have available. Tomorrow morning I have to call Transunion and will get access to that score as well. My plan is if you think I will get approved before paying down sears then go apply for a car. Can you give me an answer based on what you have? Then I will post tomorrow morning TU. Do you think it will make a difference to pay sears off even though its a closed account rather than saving the 1k for the dp?

I have not pulled those. Do I need to?

I am wondering if I should use 1k of the downpayment to pay down the sears since the debt to credit ratio is high $1249/$1400? That would leave me with a 2k dp.

Credit Application: Your Age? 27 Your Equifax Credit Score? 602 Your Experian Credit Score? 631 Your TransUnion Credit Score? ? How many years have you been on file with Equifax? 5.9yrs How many years have you been on file with Experian? 5.7yrs How many years have you been on file with TransUnion? ? YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? No (paid in full early/no late payments previous auto loan) Will this open auto loan be a trade-in? No How many late pays within the last 12 months on the currently open loan? n/a How many late pays within the last 13-24 months on the currently open loan? n/a Your current open auto loan is financed with? n/a Your current open auto loan payment is? n/a Estimated amount you may be upside down in this vehicle? n/a Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 9-10 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? (2) 1open (jewelers $892. available currently paid in full) 1closed balance is $1249 out of $1400 (HSBC sears card) Total percentage utilized overall? %0 eq report shows %0 for open acct How many of your revolving accounts are store cards? 2 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 0 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 YOUR PERSONAL INFORMATION How long at your current residence? 8mo Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent Your Monthly Rent or Mortgage payment? pays $636 out of $1236 How long have you held your current job? 4yrs 11mo Your total provable monthly gross income is? $3400 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return, or bank statements) pay stub Is there additional monthly income? What amount monthly? Describe the source. Is the additional monthly income provable? Spousal income is not applicable. YOUR DOWNPAYMENT Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $3000. Does any credit repository contain any Public Record? No If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? If yes, please very briefly describe. NEG- Previously defaulted student loans 4 loans adding up to 7k balance is $0. Refinanced through gov program, neg remarks still stand. Verizon balance $0. chargeoff 2 sprint collections-settlement. Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 6 ? Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 6 ? Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 6 ? New or Used vehicle you are considering: Please very briefly describe. 06 Infiniti fx35 through infiniti dealership $22994. plus 3k dp OR 05 Infiniti fx35 $21600 plus 3k dp from carmax

Ok so we (partner and I) sold our car which we still owed on we paid the credit union $7k that was left on the loan over a year early. The payments for the last yr or two have been paid early. Credit score exp 630 eq 600, they pulled the exp and denied us a 20k loan with NO counter offer. We expected to get approved as he had established good history with this bank and now we are WITHOUT a car and are having a hard time getting approved. These school loans is what is hurting us I think 1st School loan 7k deferred until dec 09 2nd School loan 7k did rehab most neg removed Gross income monthly his $3400 with mine too would be 4k I was not on the loan my fiance was, he has more established credit. I just started mine a few months ago with a jewler. Credit score is 598. So I don't think it would be a good idea to apply with him right? We applied at Chase for a pre approval as we were trying to buy from a private seller. Denied. What should we do??? We need a car ASAP but don't want to go applying everywhere. We were looking at two options as well, taking over a lease, or applying at Car Max. What rate can expect with his credit score and in Southern California if we go through a dealership? Please Help Thanks!