![]() ![]() ![]() Trying to keep the deal together I shopped around for additional financing, found 1.49 % and called the customer to let him know what had happened. To my surprise he had a reposession on a CRX 17 year ago and honda at any level, all the way up to branch manager refused to give him a loan on a new vehicle. We do his paperwork and assume that Honda will quickly approve him the next morning. We have a customer come in at 9 pm, has an 800 beaon and a 50% advance purchasing a new vehicle. Honda was offering 0.9% for 60 months for one of their vehicle a few years ago. As far as Ford Motor Credit it really depends on them, when I worked for a Honda dealership there were several times where honda finance would remember a repossession from 20 years ago and would not approve the customer. I will not be making the purchase until October, since that is when VW will be buying back my current vehicles, so I have some time to work on my score.ĭepending on DTI/PTI you should have no issue in qualifying for a loan. ![]() (Probably the same day I hopefully pick up my truck) So the 2 vehicles will show on my credit report as me still owing a balance, when actually they were just paid off. I currently have 2 Volkswagens financed with VW credit (perfect payment history) that Volkswagen will be buying back from me. I have since financed 4 vehicles with perfect payment history.ģ. It also shows the payments were brough current, and then the loan paid off with no issues. My credit report is showing 2 - 30 day late payments on a vehcle from 6 years ago. Obviously, this is no longer on my credit report, but does Ford remember all history, and could I be blackballed?Ģ. So I expect my score could go up next month.ġ. I called each company and got them to agree to completely remove the collection if I paid the balance. However, I just noticed 2 small collections accounts on my credit report for medical bills. My current credit scores range from 650 - 678. I plan on putting 5K down, so I will be financing 45K. ![]()
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