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cryix47

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  1. If the vehicles flooded the market it would be better for me when it comes to brands like Mazda, and Honda. Neither does fleet sales. It would also dilute the inventory of cars with manual transmission. Manual vehicles seem to sell faster than auto cars because they're harder to find.
  2. It's the reality of things....... Would you want to obscure the situation by sugar coating? The market will be great for those in need of vehicle like myself, but it remains to be seen what happens with the market now that 10% of all mortgages are in forbearance.
  3. https://www.cbs17.com/news/national-news/rental-car-companies-struggling-amid-pandemic-expected-to-sell-vehicles-at-huge-discounts/
  4. I kind of want to pull the trigger and buy a vehicle with the unemployment that I've saved, but the feelings of uncertainty have me on edge about it. There's supposedly another stimulus package in the works but it's uncertain if the extra $600 per week will be extended. I'm in the fine dinning service industry, which doesn't look like it'll spring back rapidly. There's also the uncertainty about used car prices. They could fall, or stay the same.
  5. Marv dont you feel like there's going to be a used car apocalypse in the coming weeks/months? Too much inventory and not enough demand.
  6. I've been looking at getting a 2015-2017 used vehicle, but the pricing seems to be fluctuating across different makes and models by several grand. The recent new of Hertz filing for Chapter 11 puts further strain on the market. I've been banking my unemployment to buy a vehicle, but it remains to be seen when would time to make such a purchase. Will prices tank even further? How long should I continue to wait?
  7. Your Age 36 Your Equifax Credit Score: 545 Your Experian Credit Score: 543 Your TransUnion Credit Score: 535 How long have you been on file with the CRA? 18 years Previous Automotive Credit History: Yes Do you have an open auto loan? No Will this loan be a trade-in? No Number of late pays within the last 12 months on the currently open loan? None Number of late pays within the last 13-24 months on the currently open loan? None I have read and understand the original pinned "No Credit Check Required" topic. Revolving Credit History: Total number of revolving accounts? 4 Total percent utilization overall? 80% Your Information: How long at residence? 2 years Rent/Homeowner/Live with relative? Rent How long at current job? 1 year Total Provable MONTHLY GROSS INCOME? Provable via computerized paystub or what method? $3500 per month Your Downpayment in CASH: $4000 can do more Does any credit repository contain any Collection Account(s) If so, please describe. Santander Auto C/O circa 2016 New or Used Vehicle you are considering; please describe: Used Rav4 $18500 P.S. I have a reputable dealership working on a possible loan, but am uncertain what the F&I manager is doing. Ive had multiple inquires from Ally and Capital One on different days. Why on different days? There's also an inquiry from Exeter Finance. Seems F&I is trying hard for Ally or Capital One. Was told I can never get a loan from Santander because of the charge off circa 2016. Thoughts?
  8. If, in fact you were approved by American Honda Finance, then you will not receive a declination letter, nor a notice of adverse action. Still nothing and it's been from the 29th till 1/19 no adverse letter from Honda.
  9. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. So like I said there was more to the story! You have POI issues so that's the real reason why the dealership couldn't get you approved through Honda! Wrong... I was approved through Honda. In fact Honda even called me, but the stealership went with a different lender because of my self employment. I have yet to recieve a decline letter from Honda Financial, but Crap1 and Chase came already. They called and said what your approved?! Doesnt work like that.. You do understand the dealership would have to pay santander a fee for picking up that sub prime loan right?? So your saying the dealer said no thanks to the Honda deal and went with a bank that they have to pay a fee too?? Then ontop of that risk you not taking the deal and returning a car that was driven for weeks?? They were verifying my identity because of a FA and also requesting bank statements... So it was no simple phone call.
  10. Furthermore, I think we maybe in the beginnings of another economic calamity. The stock market is a mess, housing is a mess, student loans....
  11. The whole reason behind this thread is because I've never experienced a Spot Delivery because pre financial crisis I was in the 700s FICO wise, but due to the economic calamity I ended up lettering cards go into CO and then sold to JDB's. When I previously financed with those scores. I was in and out of the dealership at most within 2 hours.
  12. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. you've learned absolutely nothing except the "stealership" and "LieNance" person jammed you with a high rate loan and it took them 3 weeks to do it? really? I mean really? you are in the situation you deserve to be in... read this thread again and tell me I'm wrong that's why Marv gave up so fast.. he spotted this a million miles away +1000 I am new and I also thought this was very strange in the beginning. I am not sure why the OP thought just because they had Honda before that they would automatically qualify or be "entitled" to Honda financing despite their scores and being sub-prime. [emoji849][emoji849] [emoji322]2016 is my year. My journey started 1.13.2016 with a score of 390[emoji25] Marv said so and he's the guy that knows the financing procedures. The dealership even said that getting another loan with Honda wouldn't be a problem because all leases and loans were in good standing.
  13. All this up roar about how the dealer is screwing you and everything else AND then they come back with a big interest rate and you take it any way.. Makes no sense! You wouldn't listen to any of the advice from the pros in the industry in the thread or any one else for that matter. How quickly with a sub prime score and a new car do you think you can refinance that 17% rate!? I think there is a lot more to this story then you told us! There isn't anything else to devulge in regard to this stealership. I needed the car for business, and so I traded up to a bigger and nice vehicle. The dealership had plenty of time to secure financing, I still have yet to get a declination letter from Honda Finance. The dealership said they chose not to go with Honda Finance because I'm self employed. Stop making accusations that I'm in the wrong. I get the sense that maybe your a LieNance person at a stealership. So like I said there was more to the story! You have POI issues so that's the real reason why the dealership couldn't get you approved through Honda! Wrong... I was approved through Honda. In fact Honda even called me, but the stealership went with a different lender because of my self employment. I have yet to recieve a decline letter from Honda Financial, but Crap1 and Chase came already.

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