Financing

[AbsurdBuffalo]

My wife and I just received Dear John letters from TD Auto Finance stating that they declined our application. We let the dealership run our credit but, they couldn’t even match our credit union’s rate. Right on the Dear John letter, it states that our credit score is 870 out of a possible 900. You didn’t decline me mother fuckers, I declined you!

I literally got the same letter from them

They basically said 'not enough credit history', ya ok, your loss. My dealer got a local CU to slightly beat my rate I had from USAA, so meh. I'd rather support local CUs over TD bank anyways

 

[RDATLTE]

I literally got the same letter from them

They basically said 'not enough credit history', ya ok, your loss. My dealer got a local CU to slightly beat my rate I had from USAA, so meh. I'd rather support local CUs over TD bank anyways

It's ridiculous. If I had any of the reasons that they declined me for, I wouldn't have a near perfect credit rating of 870 out of a possible 900.

 

[Bryan]

It's ridiculous. If I had any of the reasons that they declined me for, I wouldn't have a near perfect credit rating of 870 out of a possible 900.

I always thought 850 was highest credit score possible. Mine says 802 out of 850...

 

[SIX 40]

Mine was 869 back in 2015 when I bought an SRT Charger. The salesman couldn’t believe it. He said he didn’t know it even went that high. Must have been because it was a dodge dealer

 

[IMSA-40-fan]

I got preapproved at usaa for a really good rate so do not rule them out. I'm sure it helps I requested 4 money and not a 5 though and I do have good credit.

 

[RDATLTE]

I always thought 850 was highest credit score possible. Mine says 802 out of 850...

There are I believe 3 different credit reporting agencies. I’m at 845 for the one that maxes out at 850.

 

[AthenaBwing]

How much is everyone putting down? I'm trying to get my payment to be around 700 a month.

 

[Ungwei]

20k plus 25k trade in for 70k car, 60 months at 1.78% got me below 700.

 

[AthenaBwing]

That's good. I was looking to put down around 20k also

 

[travysh]

There are I believe 3 different credit reporting agencies. I’m at 845 for the one that maxes out at 850.

FICO automotive goes to 900. Confused the crap out of me when I last got financing.

 

[Vakane]

Yawn I haven’t even thought about it.

I work at a bank so I’ll get a good rate… how much to put down… I’m not sure it’s worth putting money down if the rate is good. M
My .02 after some 15 years in banking.

 

[Tall Steve]