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Everything posted by cten07

  1. Try Ameriprise or GEICO. I have had both and currently use GEICO.
  2. Thanks again. I won't waste another dealers time on a 19. Makes more sense now. I just need to be more responsible with my credit, continue to pay down current car, and plan better on my part with a down payment.
  3. Makes sense now. The lender is Chrysler Capital. Now I know why GM approved me last October on an Equinox at 7.9% similar situation, Equinox had only 3250 in rebates but huge dealer discount. Wife changed her mind on Equinox at last minute. Would a leftover 19 with no rebates but huge dealer discount work better? Thank you for your help.
  4. Got denied from Chrysler Capital tonight trying to purchase. Car was 2020 Jeep Compass, MSRP 28.9k, loan amount was 29.1k OTD including roll in of 6700 in negative equity. 4 years ago Chrysler Capital approved me @ 8% with similar LTV, payment history is perfect with them and score was 517 back then. Score today was 548 Experian due to some recent CC baddie, just forgot to pay l. I thought Chrysler would finance anyone a Jeep Compass. On Feb 22 I accidentally did the pre approval hard pull on their website instead of prequal soft pull , approved me up to 38k and sent it to dealer I was at tonight with similar scores. While I was there they told me to get POI and a utility.bill As I went online to get that stuff, sales manager came over and told me I was not approvable. Said I needed cash down due to current uncertainty right now. I thought that's what 6k in rebates plus dealer discount of 2500 would take car of. Earlier today I called Chrysler myself and they told me there was no reason for dealer to re run my credit today since the pre approval pulled my credit within last 30 days as long as I went to dealer listed on pre approval. Of course they refused as I gave them the pre approval number and filled out the credit app Would it be easier to get approved on a leftover 19 at a different dealer with similar LTV since it has been sitting? I have no BKs, foreclosures and a perfect auto history. Just irresponsible.
  5. Try Capital One. They may be able to help you out.
  6. Is it possible to finance a car on New Year's Day since dealerships are open?
  7. You save 735 by paying lease off early and turning it in now. Does the leased vehicle need tires soon? Or did you purchase tires already for it? My dad leases and I did in my 800 FICO score days a decade ago and we each had to put tires on a leased vehicle once at around 30k. Another potential cost for a car you won't be keeping. If you turn the lease car in early, you can purchase a new Chrysler Pacifica for less than Odyssey,no need to get a beater. Or look for a 2 to 3 year old lease turn in Odyssey if you can save $. If you go Chrysler, just make sure you buy extended warranty, but do it directly from Mopar at 35k and not at purchase time. Beater route and too cheap of a vehicle may get you beat by her!!
  8. Of course I get a call today from one of the dealers and they get approvals from someone else besides Chrysler. Rate at 12.24, payment now down to 600 month. Said I will think about it as I have zero time the next two days to go back in. Maybe if I keep thinking rate will drop under 10?
  9. Thanks for your input and knowledge as always. Also the bank fee, a byproduct of me, seems to be hurting even more since the dealers take away any discount on vehicle once that comes across which throws LTV out of whack even more. Price then becomes MSRP minus rebates Feels like a roadloans deal, which is basically what Chrysler is, roadloans in a pinstripe suit! Just going to pay down vehicle more and not shop until until I have a pre approval with a rate I can live with in hand.
  10. Yes I am. The old adage from Seinfeld applies here, it's not you,it's me. It's not the dealer , it's me is the problem. Too much neg equity and low scores despite the rebates. Just interesting how low scores and high negative equity didn't scare GM Financial but Chrysler it did with a customer with a well paid loan with them
  11. My credit reports now have updated showing my mortgage now being current.I tried a couple of Jeep dealers today one last time to buy a Cherokee Same result, int rate at 16.78, no thanks I will pass. LTV is issue.Payment keeps coming back at 700 a month, after agreed upon deal Chrysler is charging bank fee to dealer and then they keep taking away dealer discount as a esult to make up for the fee. Negative equity of 6k scares Chrysler where GM had no issue with it. Too many rebates are devaluating the Cherokee IMO,5750 vs Equinox was only 3250 in rebates with dealer providing massive discount to make LTV work. Just going to keep riding current vehicle as has warranty to 100k and has been reliable. Chrysler is saving me from myself
  12. Try Capital One auto navigator , it's a soft pull, as a starting point and look I to CUs from there. Depends heavily on LTV if you can refinance.
  13. Either way you end with more. Maybe one vehicle holds value better so you are not as buried.
  14. Did one last ditch effort before I give it a rest for a few months which I am going to do. Contacted dealer where I purchased the car, told me a vehicle such as a Grand Cherokee base model would work better as far int rate goes due to my negative equity and payment would be much less. Bigger issue is LTV on car looking to purchase rather than my credit.
  15. Does choice of vehicle have anything to do with it? Jeep Cherokee is popular vs Dodge Journey is not so are they more willing to entice more risky customer with a lower rate in one vs another to move metal. Actually my Journey has been reliable with a whopping 380 bucks in actual repairs in 4 years. So.much for consumer reports.
  16. I think they were Santander Bank 4 years ago as well. I remember when I bought the car 4 years ago with my scores and negative equity even though some people think MSRP means nothing, salesmen told me since I was out the door under MSRP by 2k really helped. LTV was in line. GM apparently thinks there cars are better since they approved me @7.9. 3 days ago. Personally I do as well. Finance manager at Jeep said rates at Chrysler Capital stink compared to 4 years ago.
  17. I will try. think neg equity is also bigger killer. Auto financing is not always just a simple matter of x score giving you y rate, dealers are bad,never use dealer financing blah blah. Over 17 years I have financed 5 different cars,my credit scores have ranged from a low of 494 to a high of mid 700s, guess how many times I have been able to beat the dealer rate with my own loan from bank/magical CUs. Only one
  18. I declined that as well. I'm not insane,just a sucker.
  19. With my scores 7.9 for 72mo is a gift from the credit gods. I said yes but my wife said no to the vehicle. I remember the days of 18% mortgages when I was 12 years old to keep things in perspective. Current loan is with Chrysler @ 8.10. Crazy thing is I got that rate 4 years ago when my score was a 517 and rolled in 3k. Wife likes Jeep Cherokee, went to buy today, Chrysler Capital did not reward my good payment history with them at all Offer was for 15%. My scores just stink less now between 602 and 613. Finance manager was surprised at how high the rate came back. I guess they did not like my neg equity of 6k despite 6250 in rebates,MSRP which means nothing was 29k, price was 20,800 before fees& taxes
  20. If I was a sucker I would of agreed to their original deal. OK Mr. Negotiator, how much do you think you could that car for? Oh that's right,not good enough for you, Jaggy.
  21. My neighbor says when they see him coming into the dealership they are thinking state Max int rate. He said one time he was going to purchase after sales negotiations were over they introduced him to the special finance guy without any knowledge of his credit situation.
  22. For people who are lazy or are not savy I can see it. Some people want a total solutions car buying experience I guess.

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