Financing Help!!!! - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

coolman · 08-05-2009, 09:27 PM

Quote:

Originally Posted by CamaroSS426

I had to put over 8k down and my credit score was over 800... 4.22% though so I guess I can't complain.

Why did you have to put 8grand down. Is it your income?

CamaroPride · 08-05-2009, 09:27 PM

btw.. I"m 33 and have zero bills.. 'cept 320 a month in rent and bout 50 in utilities.

jpsuperman81 · 08-05-2009, 09:28 PM

Am I the only realist here that is thinking wouldn't you figure out financing prior to ordering a car. Did you just assume you would be approved? Not trying to be mean just curious.

coolman · 08-05-2009, 09:29 PM

Quote:

Originally Posted by CamaroPride

It's not necessarily ordered in my name.. I know the dealer, told him I didn't have financing for it yet, but he said he'd order it anyway, said he wouldn't have a problem selling it if I couldn't, so it's not like I put a deposit down or anything.

Oh, so he used you to get another one on the order sheet. He probably already has another buyer.

coolman · 08-05-2009, 09:31 PM

Quote:

Originally Posted by coolman

Why in the world would you order a car without first making sure you could pay for it? How old are you?

Already said that bro!

ddunerider · 08-05-2009, 09:34 PM

No you should not thats not bad!!! hope i can get that with 10k down and a 690score.

JSOC_MQ1 · 08-05-2009, 09:36 PM

I was in a similar situation (a little higher credit score, but not much) and I let my dealer's finance people handle it. They pulled my credit score once and ran my numbers by several banks /credit unions verbally so not to lower my score any more. My best option ended up being GMAC (if you can believe that). I only had 1K down on a 2SS/RS fully loaded.

coolman · 08-05-2009, 09:40 PM

Quote:

Originally Posted by JSOC_MQ1

I was in a similar situation (a little higher credit score, but not much) and I let my dealer's finance people handle it. They pulled my credit score once and ran my numbers by several banks /credit unions verbally so not to lower my score any more. My best option ended up being GMAC (if you can believe that). I only had 1K down on a 2SS/RS fully loaded.

He's right around that area where "a little higher credit score" can make a big differance. That might of been yours. Also, credit score means nothing without enough income vs debit being good.

2010SSRSM6 · 08-05-2009, 09:40 PM

I had a lower score, upside down on my trade (by about 1K) and got financing through GMAC at a good rate. Don't stress over it. If you can get it rejoyce, if not, it's not the end of the world.

CamaroPride · 08-05-2009, 09:40 PM

Quote:

Originally Posted by JSOC_MQ1

I was in a similar situation (a little higher credit score, but not much) and I let my dealer's finance people handle it. They pulled my credit score once and ran my numbers by several banks /credit unions verbally so not to lower my score any more. My best option ended up being GMAC (if you can believe that). I only had 1K down on a 2SS/RS fully loaded.

What kind of rate and monthly payment did you get? If you don't mind me asking?

coolman · 08-05-2009, 09:44 PM

Quote:

Originally Posted by 2010SSRSM6

I had a lower score, upside down on my trade (by about 1K) and got financing through GMAC at a good rate. Don't stress over it. If you can get it rejoyce, if not, it's not the end of the world.

You mean to tell me gmac financed the car for more than it's worth. That's a hard one to take in this day and age.

2010SSRSM6 · 08-05-2009, 09:53 PM

Quote:

Originally Posted by coolman

You mean to tell me gmac financed the car for more than it's worth. That's a hard one to take in this day and age.

1st payment is due this week. Believe it. Pic is
<------------

coolman · 08-05-2009, 09:55 PM

I guess the banks haven't learned their lesson yet.

coolman · 08-05-2009, 09:56 PM

Quote:

Originally Posted by 2010SSRSM6

1st payment is due this week. Believe it. Pic is
<------------

Make sure you get gap insurance.

08-05-2009, 09:34 PM	#20
ddunerider So-Cal Race team!! Drives: Tahoe LTZ,2010 2SS/M6 Camaro Join Date: Apr 2009 Location: Phillips Ranch ca. So-Cal Posts: 5,973 View My Garage	No you should not thats not bad!!! hope i can get that with 10k down and a 690score. __________________ WE RACE DEEP!! BBK Intake, Flowmaster AT cat back Barton shifter,Painted stripes,,Heritage grill,LED DRLs, Smokin Tires!!

08-05-2009, 09:40 PM	#23
2010SSRSM6 Drives: My wife crazy with my C5 usage. Join Date: Apr 2009 Location: DFW Posts: 6,558 View My Garage	I had a lower score, upside down on my trade (by about 1K) and got financing through GMAC at a good rate. Don't stress over it. If you can get it rejoyce, if not, it's not the end of the world. __________________ UNDER CONSTRUCTION......again......

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08-05-2009, 09:27 PM	#16
CamaroPride Drives: 2004 Chevy Blazer Join Date: Jul 2009 Location: Manhattan, KS Posts: 21	btw.. I"m 33 and have zero bills.. 'cept 320 a month in rent and bout 50 in utilities.

08-05-2009, 09:28 PM	#17
jpsuperman81 Yep I'm back! Drives: 2017 Krypton Green 1SS 1LE Join Date: Mar 2009 Location: Indian Trail, NC Posts: 2,565 View My Garage	Am I the only realist here that is thinking wouldn't you figure out financing prior to ordering a car. Did you just assume you would be approved? Not trying to be mean just curious.

08-05-2009, 09:36 PM	#21
JSOC_MQ1 Drives: 2010 IBM 2SS Join Date: Jan 2009 Location: Missouri Posts: 115	I was in a similar situation (a little higher credit score, but not much) and I let my dealer's finance people handle it. They pulled my credit score once and ran my numbers by several banks /credit unions verbally so not to lower my score any more. My best option ended up being GMAC (if you can believe that). I only had 1K down on a 2SS/RS fully loaded.

08-05-2009, 09:55 PM	#27
coolman Guest Join Date: Jun 2009 Location: PA Posts: 4,812	I guess the banks haven't learned their lesson yet.