Last post on Dec 28, 2009 at 9:29 AM
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#138 of 157 Re: Why not pull credit? [wilkens11]
Dec 23, 2007 (1:47 pm)
What in the world does the SOX act have to do with privacy issues? The SOX act has to do with keeping accounting firms in line. I think you are right, there is some fast talking at work here.
#139 of 157 Re: Why not pull credit? [joel0622]
Dec 23, 2007 (5:07 pm)
You got me. Sarbanes-Oxley just means more paperwork for public companies, and it's probably counter-productive.
#140 of 157 Re: Why not pull credit? [wilkens11]
Jan 01, 2008 (7:08 pm)
You must be much more respectable-looking than I am.
LOL! Hardly...I go shopping in jeans and T-shirts.
Both dealers asked, but I was firm and they relented. I think it's reasonable to ask for a certified check.
#141 of 157 Negotiating when paying Cash
Mar 03, 2008 (1:36 pm)
I will soon be in the market for a new car. I was planning to write a check for the full amount. Will that hurt my negotiating with the salesperson? I hear they make money off new car loans. Will they be as interested in dealing with someone willing to pay cash?
#142 of 157 Re: Negotiating when paying Cash [randyinalabama]
Mar 03, 2008 (5:40 pm)
Don't worry. They will be more than happy to take your personal check!
#143 of 157 Re: Negotiating when paying Cash [isellhondas]
Mar 03, 2008 (6:27 pm)
Apparently all Honda dealers are NOT the same. I just bought an 08 Accord six days ago. I traded my last one and added in cash for the down payment. The balance was on a check against outside credit line (financing that I got via Internet lender).
The dealer disregarded specific instructions to fax copies of certain documents pertaining to the sale. This was to be done BEFORE they deposited the check. The lender has repeatedly called the dealer's finance manager to no avail and now the check (which the dealer deposited anyway) is going to be returned unfunded.
Since this transaction is in excess of 20K what's holding the dealer up from getting their money? A simple fax of five minutes is all that's needed.
#144 of 157 Re: Negotiating when paying Cash [greenran02]
Mar 03, 2008 (7:42 pm)
That has nothing to do with it being a Honda dealership. It is just a case of a sub standard employee. All lines of work have them, plumbers, painters, preachers, and prostitutes, you can find a slacker in every group.
#145 of 157 Re: Negotiating when paying Cash [joel0622]
Mar 03, 2008 (8:06 pm)
I don't believe that's the case. When I contacted the finance mgr this past weekend she said that the paperwork was in the accounting dept which was closed for the weekend.
As of 3 PM today (Monday) no paperwork has been faxed. (How many employees does it take to fax 5 documents? BTW, I have three of them myself.)
What would possess a business to ignore pursuing funds due to them?
#146 of 157 Re: Credit App? [tayl0rd]
Mar 12, 2008 (9:53 am)
Actually, even just ONE inquiry can knock your score down up to 5 points! Why get your credit slammed when it's not necessary?
Uh...... excuse me for my ignorance, but why would an inquiry knock down your credit score? What's the logic?
#147 of 157 Re: Credit App? [m6vx]
by kirstie_h HOST
Mar 13, 2008 (6:18 pm)
5 points really isn't that much and should NOT make the difference in what financing you get. The idea is that if you get a bunch of inquiries, it will knock down your score to a level that may make a difference. Why? Because if you get a bunch of inquiries, it looks like you're shopping a lot for credit, meaning you're either having a hard time getting any (because of personal finance/job change) or that you are trying to overspend.
One inquiry, related to a product that you're going to actually purchase? Not worth going nuts over. So I apply for an auto loan and it knocks my credit from 745 to 740... a couple of on-time payments on that loan and it's back up again.