If I have three different credit reports, one showing 549 , 583 and 603 which will they use at the dealership?

Question

Will the dealership just average the scores out and will i defintly need a down payment or no? I ask because im going in the morning to look for a car with about 300 in my pocket making about 1500 a month and i dont know what to expect... please help!

Answer 1

Most dealerships will want to run their own credit report and not use yours (they're afraid of fraud or outdated reports) The service I've seen used most consolidates all 3 reports into one and will typically average your score out.

Answer 2

he's mendacity to you. each and every time a salesclerk lies to you, supply him the everlasting boot. that's a demanding inquiry which will drop your credit status, likely as a lot as 5 factors relying on the quantity of your credit historic past. that's a minor blip although if you're severe about financing a motor vehicle. basically, you're better off to get numerous provides from lenders that you'll get the perfect price. All motor vehicle personal loan inquiries that are initiated interior the same 40 5 day era will happen on your credit document, yet they look as purely one inquiry, not dozens as maximum human beings believe.

Answer 3

Man, you got problems,, target about a $220/mo payment,, that's about 10 grand over 5 years with an APR running around 17 to 21 percent. sure you wouldn't be better off with a $1000 car? I have bought a few cars that were rock solid at 1K or below,, just can't really be stylin,, but could be good solid transpo.

Answer 4

Dealerships want to sell you a car so they will use the best score to get you financing.

Answer 5

Based solely upon my experiences with car dealerships, they will choose the worst one to make you pay a higher fee.

Answer 6

The dealership can use any or all of them. It is entirely up to them.

Answer 7

the 583 only one they'll use to determine if your a risk or not