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Smart Shopper Credit Scores and Vehicle Financing
935 messages, Last post on Jul 28, 2009 at 1:12 PM
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Replying to: padres (Apr 23, 2009 8:44 pm) Isn't that ther price you were wanting to get? I think I see why you haven't bought what you wanted in 18 months. If the dealer has the exact truck you want, and they gave you a price, what you have to do now is make a counter offer and see if they accept it. If they do, leave a deposit on it and go pick it up. If not and you're thousands of dollars apart, then you have either readjust your budget, or buy a lower model, or keep waiting until there are more rebates on them, but that could take another year or two, by which time your truck might not be produced any more.
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Replying to: boomchek (Apr 24, 2009 8:50 am) 
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My understanding is that GMAC recently announced that they are accepting applications for sub-620 credit scores, and Ford Credit is doing the same. Competition being what it is (even in this market) I expect that other lenders should also be loosening their underwriting requirements some as well in the near future. Has anyone had any experience with this yet?
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Replying to: mitchflorida (Apr 24, 2009 9:18 am) You never know.
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Replying to: al_2003 (Apr 24, 2009 9:51 am) If any make wants to stay in business they better get with the program and learn how to buy questionable paper. If they think it is bad now wait till a year or two has passed and all of this has blown over. There will be 3 times as many people out there with questionable credit as there are now. Think about this, everyone here probably knows someone who has been effected by the current economy. Good people who got up everyday, went to work and paid there bills. Now no fault of there own they have lost a job, maybe even a house. In a year or two those people are going to be established again and are going to want to buy a car. There 750 credit scores are now 550. Sub Prime is fixing to go crazy here in the near future. That is just my humble opinion.
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Replying to: boomchek (Apr 24, 2009 8:56 am) Every sales situation is, in a sense, a betting game. You are betting the dealer will take your offer, and the dealer is betting he can get someone to pay more. So if both of you have lost the bet, then you have to come up a little and the dealer has to come down a little, or the status quo will go on ad infinitum. |
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Replying to: fezo (Apr 24, 2009 9:57 am) I think anyone dressed neatly and professionally will get treated properly, no matter how much or little a person has in his checking account. I personally would probably call the police if someone came in the showroom wearing a bathrobe and slippers. Hopefully he was wearing something under his bathrobe.
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Replying to: joel0622 (Apr 24, 2009 10:02 am) Good to have you back posting more frequently. I've always enjoyed your posts.
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Replying to: verdugo (Apr 24, 2009 11:50 am) 
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Replying to: mitchflorida (Apr 24, 2009 11:29 am) I'm sure you wouldn't do well if you figured everybody dressed like that was a sale... Of course i knew a guy who used to dress nice and say his dad (he was in his early 20s at the time) was going to buy him a V-12 car for college graduation as a way of getting test drives. He got quite a few. He was a complete waste of anyone's time but he had his fun. |
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