Ford Financing

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Sounds about right. Thanks. Paying off the debt won’t boost my credit rating in time for it to help but I have good credit. What sucks is yesterday my rating dropped two points to go from “very good” to “good” because of new loan for wife’s new car just hitting credit while the old loan I just paid off for her previous car with insurance proceeds on 6/12 still showing up as not paid on my credit.

Just tell the loan processor that your original loan has been paid off(show proof if necessary). That should help. Even with a "good" credit you should be just fine. Especially, with a car, since it's a secured loan. You probably still have a few weeks before actually looking into auto financing.

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[Duke.Roughneck]

Sounds about right. Thanks. Paying off the debt won’t boost my credit rating in time for it to help but I have good credit. What sucks is yesterday my rating dropped two points to go from “very good” to “good” because of new loan for wife’s new car just hitting credit while the old loan I just paid off for her previous car with insurance proceeds on 6/12 still showing up as not paid on my credit.

If you're earmarking by using Credit Karma, just know those scores aren't exact. When we bought my wife's car last year, my actual score they pulled was about 20 points higher than what CK said. I'd take it with a grain of salt. Good directional tool but imprecise.

 

[BuffaloBronco87]

SEFCU in NY has as low as 1.75 for you to 60 months and 72 months at 1.99%.

 

[Lord Bronco]

My score is from Experian.

 

[Bronc-itis]

Most of the credit card apps have free fico score available. I try to do an average of them since they are never the same, even though they are all fico scores

 

[Lord Bronco]

Anybody want to buy a sweet-ass 2015 4Runner Trail with only $72k miles? Would let it go for $30,000.

Honestly hard to part with and only selling because of the Bronco.

 

[Lord Bronco]

Duh. Realized I don’t have to time my car sale before the Bronco comes. Any credit score benefit from paying off the debt wouldn’t show up on my credit report in time anyway. And not using the funds for the Bronco purchase. I’ll sell it shortly after I take delivery.

Or maybe before and use some proceeds for down payment.

 

[rgalvinmi]

Here’s my dilemma. My blend date is 7/13, so it’s time to decide.

Save your scorn of my financial choices thus far. The smart thing to do would be keep my car and drive it another 10 years, but I want the Bronco and I’m going by heart, not brain. With that context…

My current car is paid for and its sale value right now to Carvana or Carmax ranges from 26,000 to 27,000. My original plan was to sell it and pay off a $25,000 debt that’s 11.5% that I pay about $600 a month on, at which rate it’s going to take a good while otherwise. Or pay $20,000 of it off at least and use $4,000-$5,000 for Bronco down payment. But now I’m wondering if I should instead trade it in on my $40,040 (plus taxes) BD which would cut my monthly on the car note to $250 or less depending on APR of whatever bank I use.

Any thoughts or advice from the financial gurus here?

Probably should have gotten a base Base, paid off the debt by selling my ride, and finance the whole Base at a total barely more than current debt at lower APR.

you would be a FOOL to do ANYTHING other than pay off that INSANELY REDICULOUS 11.5 percent debt you are currently paying!!!!!!! ANYTHING.... PAY off that foolish 11.5 IMMEDIATELY. Sell to either carvana, automax, autonation, vroom....whoever pays the most and get out from under that BOULDER!

 

[Moya7]

Theyre very easy to join. I joined PenFed and got 1.99 for 60months

My financing has since expired so I’ll have to reapply, just not happy with them running a new credit report. I may check with a local credit union closer to my anticipated delivery date (blend is this Friday) but I’m on the west coast so I’m guessing sometime in September.

 

[Headsong]

My financing has since expired so I’ll have to reapply, just not happy with them running a new credit report. I may check with a local credit union closer to my anticipated delivery date (blend is this Friday) but I’m on the west coast so I’m guessing sometime in September.

Shocking, but true. My dealer beat my pen fed approval! So when they know, they'll find a way.

 

[guerro]

you would be a FOOL to do ANYTHING other than pay off that INSANELY REDICULOUS 11.5 percent debt you are currently paying!!!!!!! ANYTHING.... PAY off that foolish 11.5 IMMEDIATELY. Sell to either carvana, automax, autonation, vroom....whoever pays the most and get out from under that BOULDER!

Dave Ramsey that ish

 

[Moya7]

Shocking, but true. My dealer beat my pen fed approval! So when they know, they'll find a way.

so do you mean they offered a better rate of your rig arrived first?

 

[Headsong]

so do you mean they offered a better rate of your rig arrived first?

Rig no arrival yet. We thought it was coming... So I got approval and then he matched. Two days later found better. But no truck..

 

[Moya7]

Rig no arrival yet. We thought it was coming... So I got approval and then he matched. Two days later found better. But no truck..

But I'm guessing its already built, right? Through whom did you get a better rate than 1.99? My dealer already told me there is no way they could match that, but then I'm in NorCal where everything is $$$$$$$$$$$$. I'm also siting outside in 75 degree weather, no humidity, no bugs and so far no smoke either, so there is that.

 

[Headsong]

But I'm guessing its already built, right? Through whom did you get a better rate than 1.99? My dealer already told me there is no way they could match that, but then I'm in NorCal where everything is $$$$$$$$$$$$. But then I'm siting outside in 75 degree weather, no humidity, no bugs and so far no smoke either!

Built according to dealer. No fires confirmation. I think he found 1.74 for 60. It was just nice to do thru dealer since it's easy to close.

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