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App for Marv (+ More questions, that will help me)


Killbadcredit
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Agree with Marv.  Also, as you work on cleaning your credit I assume you aren't applying for more new credit (since having a bunch new accounts will work against you in raising your score).  As time passes the INQs will fall off, and they don't even look at anything past 12 months.

 

Just make sure you have some positive revolving accounts that you are paying on time every month, preferably in full.

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  • 4 weeks later...

Marv, I had a couple more questions if you don’t mind.

 

Because in the situation I’m in, I have to ask these questions.

 

Carvana is offering me a great deal on my Durango, let’s just say tie off to getting paid off. 
 

I don’t want to trade Durango for sure, been there not to my liking.

 

When it’s time to purchase another truck, can I tell the finance manager that I’m going to sell Durango and to notify the new finance company of such?

 

That way I don’t  get rid of Durango and not run risk of not getting a new one for whatever reason.

 

I hope it makes sense. 
 

Kind of like hey, I’m going to sell this truck but not until I know I can get approved for a new one, just let the finance company know that I’m selling  the Durango to carvana if approved.

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Marv, how you doing? I have probably one more question for you and everyone.

 

Carvanna upped there offer are now offering me 30K on our Durango. I owe around 26K, so they offering me 4K more then what I owe.

 

I’m thinking of getting a car with them and maybe they can approve me another one. I can use down payment difference.

 

Equifax have some negative information.

 

Can I request Carvanna pull from another credit bureau other then Equifax?

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On 4/10/2021 at 9:08 PM, Killbadcredit said:

Marv, how you doing? I have probably one more question for you and everyone.

 

Carvanna upped there offer are now offering me 30K on our Durango. I owe around 26K, so they offering me 4K more then what I owe.

 

I’m thinking of getting a car with them and maybe they can approve me another one. I can use down payment difference.

 

Equifax have some negative information.

 

Can I request Carvanna pull from another credit bureau other then Equifax?

 

If your research led you to the conclusion that Carvana pulls EQ, you're likely going to have a very difficult time getting them to use another bureau.  Being that they are national, they may use different bureaus depending on your location as some banks do.

 

You could always use another source like a CU for your loan from Carvana...and you can always just take the Carvana offer and sell your car and use the $4k towards a car elsewhere.  Don't let the allure of convenience force you into a sub-optimal deal.  Cheaper to take Ubers for a week or two than rush into a bad deal.

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Marv, the dealers don’t seem to be wanting to “assist me” if I’m not trading in my vehicle?

 

They say well Carvanna is a different company and we  do what we have to do.

 

In other words if you don’t trade were not interested in helping you?

 

Is this right? I know dealers make money off trades but I can’t just bend and mess up.

 

I already explained to them that I got an offer and want to show pay off from Carvanna and they don’t seem to want to help me.


 

It is really frustrating.

 

Edited by Killbadcredit
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As I said above you are going to have to separate the transactions if you want to sell the car to Carvana and not buy from them.  Either sell the car to Carvana and wait for that to finalize before buying the new car, or trade it in to the dealer at whatever value they are offering you.  But I wouldn't expect a dealer to help facilitate any type of transaction with a 3rd party.

 

It is simple, you have 4 choices:

 - Sell car to Carvana, buy new one from Carvana.  You get highest value for your car and can back out if you're not approved for new car.  May have limited options on vehicles and buying sight unseen.

 - Sell to dealer.  Lower value for your car but may have more options on obtaining financing.  Can see purchased vehicle upfront.

 - Sell to Carvana, buy from dealer.  best trade value but run the risk of being without a car if you sell yours and can't get approved for a new one.

 - Option 4 - do nothing.  Still the best option.  You are chasing money and solving other people's problems when you have enough of your own.  Like the airplane safety video, put on your own mask before helping others.

 

Edited by CTSoxFan
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You want a nice tidy total pkg presented to you where you like everything without doing any work.    These F&I mgrs may not want to spin a deal to a bank for a look-see and kill their look to book ratio.   I wouldn't at all.    I can't spend ifcome.

 

Do you understand what I'm trying to say?

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Thanks Sox fan, for explaining those options to me.

 

Marv, thanks for explaining that to me. See, that is why I rather just ask here and not go make a fool out of myself. 
 


You both know more about this type of thing, thanks again.
 

 

Edited by Killbadcredit
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Marv, as always I appreciate the time and help.

 

Well, it looks like I’m going have to just trade my Durango time of purchasing.


Question is this; why does KBB exist if dealers don’t even consider it for market value.

 

KBB is saying my Durango trade in value is 29K to 31K.

 

So if KBB states my trade in Durango is 29K to 31K, what is a reasonable offer for my Durango is I owe 26K.

 

The truck has 37K miles and is well maintained looks almost new.

 

Please give me some guidance. So yes, I will trade now.

 

Edited by Killbadcredit
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Thanks Marv, so if suv has 37 K miles and KBB suggested trade in value is 29K to 31K.

 

So it’s safe to say you don’t feel comfortable giving me a fair trade in for my SUV?

 

Just share your honest opinion how much I should look for, as far as fair trade in value for this SUV?

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6 hours ago, Killbadcredit said:

Thanks Marv, so if suv has 37 K miles and KBB suggested trade in value is 29K to 31K.

 

So it’s safe to say you don’t feel comfortable giving me a fair trade in for my SUV?

 

Just share your honest opinion how much I should look for, as far as fair trade in value for this SUV?

If I put ten used car managers and let them independently evaluate the worth of a vehicle, I would get ten different answers.   I am really confused by your postings,  WHY are you trading the durango since you like it so much for yourself?

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Hey Marv, thanks for replying. Well, truthfully our family is growing and we actually need more interior space. 
 

Durango too crammed up for our current family size. Trips get uncomfortable.
 

Also we need a pickup because we are planning on starting a business sometime soon and we’ll the Durango has to go.

 

Either way, it seems like trading it in is the best way to go given my situation. 
 

Your asking why I’m trading it if I like it so much, just not enough interior space for my family. 
 

Thats the honest truth. We got a big family and boys getting bigger, there tight, just interior space ain’t doing it anymore .

 

Just being honest.

Edited by Killbadcredit
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