My husband and I are trying to get a new used car and trade ours in. Our credit is not the best, we spent $2000 cleaning it up last yr., it just still takes time for your credit score to rise. We have had our car through this dealership for 4 yrs. and only owe $1,500 on it. We have had 2 payments through the hole note that were 30 days past due, and they are giving us a hard time about that. I am so pissed, because we worked hard these last 4 yrs. to stay current with them and always try to pay them on time. I don't know I just thought having a good standing account with them for fours yrs. now they would be eager to help me, but they all seem like a bunch of stuck up jerks. And figures now the car is starting to act up, and I will be paying on a broken car, because I can't afford to spend too much fixing it (husband thinks it the transmisson???) when it not worth much to begin with ( it's a 2000 Mitisbishi Galant).
2006-11-15 11:28:01 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Hey dumb A** Terunaz, I never said I was 60 days past due, do you know how to read????? I am on time, I have only 1,500 left to go until it's paided off, never said it I was late right now, if that were the case then I would understand why they aren't approving me. My two late payments were two years ago because my daughter was ill, but I guess your too dense to understand that.
2006-11-16 01:00:47 · update #1
How about YOU give ME $1500 then I call you stupid for asking it back when it's 60 days late. I'd tell you I worked SO hard the last 10 years, SURELY you'd understand. lol.
2006-11-15 12:11:16 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Im not dr.phill but i have bought and sold twenty three cars in the past seven years first thing dont ever trade your car in the dealer will only give you about a quarter of what its really worth ill bet they dont even pay it off and if they say they will i would take the time to read the the fine print because allot of the time they will pay some of it and roll the rest into the new loan sell your current car on the streets get what it worth and take the money and put it down on a new car if you are worried about credit issues look for a dealer that says buy here pay here they do there own loans and you might have a better chane getting aproved best of luck
2006-11-15 19:50:47 · answer #2 · answered by edwin h 1 · 1⤊ 1⤋
It's not the "DEALERSHIP" it's the finance company or bank that's giving you a hard time. The dealership could care less if you ever make a payment. If you are late or have been late it will haunt you for 7 long years. NEVER be late, move heaven and earth if you have to but never be LATE!
2006-11-15 19:41:40 · answer #3 · answered by Anonymous · 2⤊ 0⤋
They look at your current payment history more than your previous history. If you were current for 4 years and have since made two late payments, it's a sign to them that you are starting to have financial trouble.
2006-11-15 22:08:33 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
A few years ago my car was repossessed, I was one payment behind for a couple of months, for 4+ years I paid on time. They made their money, they got their interest payments. Someone told me that by then, it is in their best interest to take the car, auction it off and make MORE money.
2006-11-15 19:42:17 · answer #5 · answered by msuzyq 4 · 1⤊ 1⤋
www.carmax.com
www.saturn.com might help you, see a nearby saturn dealership.
Its the end of the year, the dealerships should be glad to see you and deal with you!
2006-11-15 19:36:28 · answer #6 · answered by Anonymous · 1⤊ 1⤋