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Smart Shopper Bait & Switch
178 messages, Last post on Nov 29, 2009 at 9:04 AM
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Replying to: oldfarmer50 (Nov 28, 2009 6:07 am) If it was a specific dealer I'd be curious to know why also. BTW, if you belong to a credit union they often have lower rates." I was contacted by 2 seprated dealers. I first applied with edmunds and I was contacted by greenbrook auto of new jersey and then I applied through carsdirect and I was contacted by planethondanj I don't belong to a credit union, I'm assuming that my credit has to be very in order to get a loan from one?
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Replying to: g5ive (Nov 28, 2009 6:25 am) "I authorize xxxxxxxx to forward my application information (excluding any consumer report) to a non affiliated third party marketing company ("Third Party"). I authorize the Third Party to in turn share my application information with motor vehicle dealers and other third parties who may be able to assist me in obtaining financing." That is probably why you were contacted. They assume you want to buy a car and need financing. Best advice to finance a used car would be to get your bank or credit unions best rate, which you can compare to the online rate as well as the dealers best rate. Also, many manufacturers have special rates for certified used cars. You should know what your credit score is going in. Not sure what this has to do with Bait & Switch. Have you found a car you want to buy yet?
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Replying to: jwilliams2 (Nov 28, 2009 7:22 am) "That is probably why you were contacted. They assume you want to buy a car and need financing. Best advice to finance a used car would be to get your bank or credit unions best rate, which you can compare to the online rate as well as the dealers best rate. Also, many manufacturers have special rates for certified used cars. You should know what your credit score is going in. Not sure what this has to do with Bait & Switch. Have you found a car you want to buy yet?" My credit score is 592 and I placed this in the Bait & Switch because I didn't know how to start my own thread. Yes I already have 2 cars in mind, either a 2003-05 Corolla or a 2007 Yaris. I want to avoid going into a dealer and having to hear how "this" car is better and we can give you a better deal if you buy here. There's a credit union where I work and I used to belong to it a few years back, but how possible is it that they can approve me for a loan if my credit score is 592?
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Replying to: g5ive (Nov 28, 2009 11:07 am) Moist stores use a variety of lenders and will try to find one that will approve you with your low score. Depending on things such as the reason for the score, down payment, job history etc, you should be able to get a loan. Just don't expect a great rate.
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Replying to: isellhondas (Nov 28, 2009 4:59 pm) |
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Replying to: g5ive (Nov 28, 2009 6:55 pm) |
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Replying to: deltheking (Nov 28, 2009 7:29 pm)
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Replying to: g5ive (Nov 28, 2009 8:22 pm) |
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Replying to: g5ive (Nov 28, 2009 8:22 pm) Not to mention that the computers where your information is stored, are more than likely are connected to the Internet, and easily hackable by the bad guys. Especially dealer's computers. Ninety percent of dealer sites that have credit application forms, are not encrypted. That means that your SSN is traveling the Internet in clear text where anybody can read it. If dealers are so ignorant of Internet security as not to use SSL encryption, how save do you think your data is on their computers? |
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Replying to: g5ive (Nov 28, 2009 8:22 pm) If you have a history of not paying your bills or you have chargeoffs and collection accounts you may not get a loan. If you have a good history and just had a bad stretch or medical bills they may overlook this. |
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