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Questions About Financing New Vehicles

2253 messages,  Last post on Nov 18, 2009 at 12:07 PM

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What is this discussion about? Car Financing

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#61 of 2253 Car_man by Car_man HOST Jun 11, 1998 (10:31 pm)
Rushforth, this situation may not ever occur. Generally captive finance companies offer the lowest lease rates, but you never know. That's why I mentioned that you might want to look around. Whether you have to renegotiate your deal will probably depend upon the dealer that you go to. Some dealers may feel as though they are not making as much money on the deal if you finance through another source and decide that they want to renegotiate the price. Others may not care at all. There's not really any specific rule that applies in this situation.
#62 of 2253 experiences with Auto CreditFinders? by oshma Jun 16, 1998 (4:14 pm)
Hi, all. Has anyone gotten financing through Auto Credit Finders in Tempe, AZ?
#63 of 2253 those who experienced w/ peoplefirst... by dingdong Jun 16, 1998 (5:40 pm)
To those who experienced w/ PeopleFirst..... do you all have good credit history? If so, I think that's why you guys and gals got the loan w/ such low apr.... my question is, my credit history isn't so good, so do you think I can still get a good apr with a not so good credit history???
#64 of 2253 Peoplefirst by shawkins Jun 17, 1998 (11:44 am)
Dingdong, I financed through PeopleFirst a few months ago. I think your credit must be in pretty good shape and you have to OWN your own home. Sounds like you may not be a candidate for them. But hey, why not give it a try. They call you back in 15 minutes. All they can say is no. Scott
#65 of 2253 dingdong by dingdong Jun 17, 1998 (6:56 pm)
Scott, Hi! Thanks for responding.... Okay, I do own my home..actually, my mom does... but still, we do own it. If I try them and they reject me, will it make my credit history even worse... The reason I ask is because see, when you apply for a loan or credit cards, they check your credit history first. So if I were to apply with PeopleFirst, and they didn't approve, then there's another kick in the butt for me, another rejection...so, I will try it anyways when I'm ready to buy the car.... but thanks for your info, Scott.... dingdong
#66 of 2253 Dingdong by shawkins Jun 18, 1998 (5:28 am)
Dingdong - I'm pretty sure a law was passed a while ago that made it so that credit inquiries made for a car purchase are lumped together as one inquiry. I think it also covers a seven day period as well. So, I believe it is okay to shop for car loans for 7 days without each one counting separately. I'm a bit puzzled about the home ownership thing you mentioned. You said your mom owns the house, but if I understood Peoplefirst correctly, I think they want Dingdong's name on a mortgage loan. But still, all they can say is no. Give them a try, you have everything to gain and nothing to lose. Scott
#67 of 2253 dingdong by dingdong Jun 18, 1998 (4:17 pm)
Hello Scott, Thanks again for your info..... Oh, Okay, so PeopleFirst wants my name on the mortgage loan...why is that?? Well, whatever it is, I'm gonna give it a try when I'm ready to buy the car..... if I can't get the loan, then I'll just have to get it later then.... Thanks a bunch!! dingdong
#68 of 2253 ay107 by ay107 Jun 20, 1998 (4:21 pm)
Scott, Try CarFinance.com as a financing source too. You do not have to own your home with them, I don't, and I got approved. I do have a good credit history though.
#69 of 2253 AY107 by shawkins Jun 21, 1998 (5:11 am)
Ay107 - I'm not in the market for financing. I bought in April and used PeopleFirst. I have excellent credit and own my home. It was a no brainer for me. Carfinance.com is just Nationsbank. I deal with them with my checking and savings accounts and they weren't willing to account for that. Their rates were competitive, but nothing you can't beat through a credit union. They didn't seems to be anything special. Scott
#70 of 2253 dingdong by dingdong Jun 23, 1998 (3:59 pm)
Hi All!! I just wanted to find out when you guys and gals went through financing your new car, did you apply for finance like two weeks before, or like way ahead of time, for ex. a month before your purchase of the new car? The reason I'm asking is because my boyfriend told me to try to get financing done now (it's gonna be a joint acct) and I told him that in any case we get rejected, it's gonna show up on our credit report. And if we try to finance w/ another credit union, then they're gonna see our bad credit history due to the rejection. So I'm wondering when I should try to get a loan if I'm gonna get the car in about a month or so. And i am getting a Honda Accord, my boyfriend says to get the V-6. So we're probably gonna have to borrow at least 20K. Any advice would be wonderful!!! Thanks a lot!!! dingdong

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