[Future1LEa10]

Originally Posted by CamaroSSStlfan

One thing I've been wondering about all the 392 and the Hellcats wrecking is that Dodge gives out credit to literally anyone walking and breathing. hence people not mature get these things and can't handle them.

I think you are confusing Dodge with Ford Credit. They will literally extend financing to a dog if that dog came in with a W2 and a valid license.

[Envious_Ivy1LE]

Originally Posted by Future1LEa10

I think you are confusing Dodge with Ford Credit. They will literally extend financing to a dog if that dog came in with a W2 and a valid license.

I don't think that's true at all. to my knowledge, Ford has the highest credit score requirement for A tier out of any of the American manufacturers. Back when I sold GMC I had people high 680+ who couldn't get A tier with Ford but came back A1 with GM immediately

[CamaroSSStlfan]

Originally Posted by Envious_Ivy1LE

I don't think that's true at all. to my knowledge, Ford has the highest credit score requirement for A tier out of any of the American manufacturers. Back when I sold GMC I had people high 680+ who couldn't get A tier with Ford but came back A1 with GM immediately

The auto loan isn't the hard part to get, it's the interest rate. More than glad to give you that loan at 15 percent interest!!

[Envious_Ivy1LE]

Originally Posted by CamaroSSStlfan

The auto loan isn't the hard part to get, it's the interest rate. More than glad to give you that loan at 15 percent interest!!

I don't think any manufacturer backed financing arm has rates that high. typically they consider it too risky and would rather just get you picked up by a third party.

highest rate I've personally seen is 10.99 with Nissan. Dodge could be different since they are basically in bed with Santander according to an article in a different thread on this topic.

of course I can only relay my personal experiences.

[zaimer]

Originally Posted by Envious_Ivy1LE

I don't think that's true at all. to my knowledge, Ford has the highest credit score requirement for A tier out of any of the American manufacturers. Back when I sold GMC I had people high 680+ who couldn't get A tier with Ford but came back A1 with GM immediately

Is 680 considered "high" to some...? I don't know the typical cutoffs for Tier 1's, but I think I would have a stroke if I got anywhere near 700 let alone 680.

[zaimer]

Originally Posted by CamaroSSStlfan

The auto loan isn't the hard part to get, it's the interest rate. More than glad to give you that loan at 15 percent interest!!

Yes and no. You must be able to prove income, to some degree, and a person's DTI ratio is quite important to most lenders.

[zaimer]

Originally Posted by Envious_Ivy1LE

I don't think any manufacturer backed financing arm has rates that high. typically they consider it too risky and would rather just get you picked up by a third party.

highest rate I've personally seen is 10.99 with Nissan. Dodge could be different since they are basically in bed with Santander according to an article in a different thread on this topic.

of course I can only relay my personal experiences.

10.99?!? You might as well purchase the card using a credit card.

[CamaroSSStlfan]

Originally Posted by zaimer

Yes and no. You must be able to prove income, to some degree, and a person's DTI ratio is quite important to most lenders.

Income isn't hard to prove. Last car loan I got I just told them I'm self employed, gave them a ball park of my income and that was it. 4.8 percent since it was a used car. Might been able to got a bit better via my bank though but I didn't feel like going through all that trouble.

[Envious_Ivy1LE]

Originally Posted by zaimer

Is 680 considered "high" to some...? I don't know the typical cutoffs for Tier 1's, but I think I would have a stroke if I got anywhere near 700 let alone 680.

in today's lending world 680 is considered medium-high. 680 with low DTI and no late payments is typically good enough to get A1 with GM (at least it was 5 years ago) but Ford typically wouldn't do A tier without a score above 700, 690 if you have like no other debts

[Envious_Ivy1LE]

Originally Posted by CamaroSSStlfan

Income isn't hard to prove. Last car loan I got I just told them I'm self employed, gave them a ball park of my income and that was it. 4.8 percent since it was a used car. Might been able to got a bit better via my bank though but I didn't feel like going through all that trouble.

I'm not sure what bank you went through.. but that doesn't sound accurate unless you have a high credit score and put a large chunk down.

self-employed usually needs at least a prior year W2 and bank statements to show current earnings/reserves

[CamaroSSStlfan]

Originally Posted by Envious_Ivy1LE

I'm not sure what bank you went through.. but that doesn't sound accurate unless you have a high credit score and put a large chunk down.

self-employed usually needs at least a prior year W2 and bank statements to show current earnings/reserves

I had a lot down. I had 12,500 trade in and also put 6 grand cash down on top of that so total of 18,500 down payment on a 31,200 car.

I suspect a lot don't put much down and that's how you hear about these 700 buck car payments.

I mean I could have showed I had 38k in just my savings account alone.

My payment is 250 a month. Was going to do 4 or 5 year loan but at the time the interest rate on 6 years was about the same. Finance manager said do the 6 for cheaper payments and just pay it off whenever I want . Probably in 2 years I'll pay the car off when I trade it in or keep it as a second car.

My coyote I had 220 a month car payment for 4 years. Paid it off almost a year early

[zaimer]

Originally Posted by CamaroSSStlfan

Income isn't hard to prove. Last car loan I got I just told them I'm self employed, gave them a ball park of my income and that was it. 4.8 percent since it was a used car. Might been able to got a bit better via my bank though but I didn't feel like going through all that trouble.

Income typically isn't all that difficult to prove, but it has to BE THERE is what I'm saying. Don't think you're going to walk in and purchase a new 911, finance it for $1,500/month when you gross $12/hr at 40 hours a week.

[wnta1ss]

Originally Posted by CamaroSSStlfan

I saw this old thread while on google searching for times. Did this forum user really pull off 3.6 seconds in a SS AND A8????


I know Car and Driver pulled off 3.9 seconds in a 2019 Camaro SS as well as the 2016 Camaro SS as well I recall too. Faster 1/4 mile I've see with the LT1 engine was 11.9 seconds I could find.


https://www.camaro6.com/forums/showthread.php?t=470402

The onboard timer relies on the speedometer. We are talking here a front engine, rear wheel drive car with a forward weight bias and a lot of torque/power, meaning wheelspin happens easily on street tires. Therefore, the times that people claim from a speedometer-based timer are suspect. When you see an SS M6 with just a catback claim 3.6, you should realize that it's probably bogus.

Below is a visual aid on the speedometer. Green is speedometer, yellow is driven wheel sensor, magenta is undriven wheel sensor. Note how wheelspin makes a speedometer reading that the car is not actually doing at that time. Going back from that '60' to where the speedometer read zero, the time interval was 2.985 sec. On 4 year old plain street tires, yeah, right. See what I mean about the speedometer getting fooled? Those timers don't analyze the data, they see '60' and there you go. Using a data system like this however, we can see the obvious problem with wheelspin, so we know that the 'time' between the 2 speedometer readings was not meaningful.

[CamaroSSStlfan]

Originally Posted by zaimer

Income typically isn't all that difficult to prove, but it has to BE THERE is what I'm saying. Don't think you're going to walk in and purchase a new 911, finance it for $1,500/month when you gross $12/hr at 40 hours a week.

Dodged is known to finance anyone and everything. Look at all the idiots on the ghetto buying 392 challengers and wrecking them daily