Hoax's credit woes continued...
 

I walked into a dealership today to buy a 2003 Subaru WRX. I had $5k in cash, and a co-signer with a credit rating of over 800.

They wouldn't finance me...





Luckily you don't need credit to buy heroin...I'm going to lie naked in the bath tub, doped to the gills, and sip cheap beer as I CARVE THE WORD SUBARU INTO MY FUCKING CHEST WITH A BOTTLE CAP!

i think the dealer did you a favor "Suburu"???

what??! Dude.... credit rating over 700 and you can buy damn near any fucking car you want with nothing down.

Fuck that dealer. He's obviously on some form of crack.

"co-signer with a credit rating of over 800"

how do you find out what your credit rating is? I've received my credit reports before but i never noticed a number.

:Graucho

just got my Honda Accord V6 .

rate = 1.9 with 4k down.

Subaru is a good car...

I can give ya some free tips on getting your credit managable if ya want sometime Hoax.

Should have a score on the 2nd to last page or last page generally.

If you have a tri-merge you'll see 3 different scores, take the middle one.

I hope you choke on your dim sum...

The mother in me is saying "Don't finance what you can't afford!" :winkwink: Keep saving and put down more cash, buy a less expensive car, or save and pay cash for the whole thing.

allamerican2003 - you can go to http://www.myfico.com and get your score.

Lay it on me bro...

damn and i was looking forward to taking it out for a test drive....

gimme a buzz on icq a little bit later... so I can get some details. ICQ 5321093.

In the middle of somethin but should be available in a couple hrs

:feels-hot

sorry it didn't work out pal, i know how badly you wanted that car:(

The car is not that expensive and its totally within my means...

Apparently my score is like 480...all this from two credit cards I maxed out when I was nineteen...2K tops.

I wanna dry hump a cheese grater right now...

Actually the dealer said he'd try to pull some strings. We'll see...he didn't sound overly confident...






Can you shoot smack into your eyeball????

I agree. I don't own one, but have shown interest in a WRX due to the turbo, AWD, and the fact you can easily mod those cars to run very sweet 1/4 mile times. AWD + Turbo = great fun!

Drew was a mortgage banker in a previous life.... lol

Its all good...I got a Shotty that guarantees me anything on the lot...nothing down, no payments for...ever. But if I pick the wrong car I could be taking schlong in the poop shoot.

What ya lol'ing about?

I was a banker for longer than you were in the military. =D

Say hi to the tranny for me, ;)

Dude...the dealer gave me the keys and let me go off with my wife by ourselves...its an absolute dream to drive. Stock even. It feels solid, yet lithe. Precisely out of control. Like a gazel on a sweet 8 ball of speed and steroids...*sigh*

you were a fucking drive thru teller drew... admit it.

Its a FICO score.

Here is info how it works.

http://www.myfico.com

and these guys created FICO scoring.

http://www.fairisaac.com/

Its a fucked up system in my opinion. Some dealers don't look at anything but that number. And I think they should consider where you are at today and where it looks like you are going and not judge people on things from as far back at 7 years ago. Think about how nutty that is.

You can be wealthy and pay cash for things and not need credit and FICO can give you a lower rating for not having credit which is absurd.

such anger...

Apparently you finally broke out the measuring tape today...

So tell us, How many inchs bigger was she (it... him) whatever you call your sig other.

That sucks ass hoax. Never see you on icq any more. Seem to miss the days when you were in tahoe... although heroin use and dry humping cheese graters doesn't sound like much fun.

Keep ya head up.

is that all you got hero? Cheap shots on my girlfriend?

sad drew... here I thought you actually might be someone of substance.... turns out you're no better than LucLonely. :1orglaugh

and for the record... she can run circles around your so called 'banking' experience with her eyes closed. :glugglug

Bombs away.... :glugglug

Most do look at everything, but there are minimum guidelines for what the score can be.

They probably start around 530-540.

Realize, that its not just cut and dry, here I'll give you a loan, pay me back, you look like you're good for it.

In mortgages atleast, there's a huge market for buying loans... Thats pretty much what Fannie Mae and Freddie Mac do.

So not only are you taking on the risk for however long you have it, someone else is also.

Wells Fargo and Washington Mutual are 2 of the big buyers right now... I think they've got a combined portfolio of $680 billion + now.

Thats because he's what, 20 years older? =)

I've only got 5 years... but I've been involved and around it for a good 9-10 years. =)

I'm always on, just invisible...I don't miss tahoe really...and don't knock it till you've woken up in a pile of your own mess. ;)

poor pathetic drew.... :1orglaugh

If your friend is going to co sign he must trust you alot.
O why doesn't he buy it and you make the payments

then he can put it in your name

maybe it's time to realize you aren't a "big balla" and get a car that was made for people in your position...I suggest the Ford Escort...Some homeless guy has one around me and he seems happy :glugglug

ouch. lol

i used to sell cars, not a finance guy, but you get to know some of how it works.


a person can actually have *too good* of credit to be financed... strange, but it does actually happen. a beacon over 800 could easily fall into that category. a 480 is without a doubt a spyfi (special finance) deal, but it would be difficult to get financed on a non-entry vehicle. plus, they're going to gouge you with horrible interest rates. another thing to consider is, you can have a high beacon, but have bad credit. conversely, you can also have a low beacon and be bullits (although you generally see high-beacon bad-credit folks).

maybe throw $6-7k down. i know with mits that automatically bumps you to top-tier financing. dunno about subaru. but, even with that amount and good income, they should have a spyfi program that you can get financed by yourself. did they suggest by chance an alternate vehicle? if so, you're financable.

but, be prepared to pay high interest rates. in nebraska it's 18%, but some states don't have a cap. there's a true story about a guy who had terrible credit, and financed a new excursion. they ended up charging him abour 45% interest, and he ended up paying about $150000 for a $50000 vehicle.

maybe that helps, maybe it doesn't. hope that answered something, might be able to help out more, if you need.

hey, if you're careful, you can get a zx2 with a year of free gas. and the '03 redesign is almsot cool... but not quite :winkwink:

they wont touch you unless they have enough equity in the car if they did that

put 9k down.. you'll get financed

I've spent every day of my life earning the trust of my friend...he used to change my shitty diapers...eventually I'll probably change his.


What you are talking about is known as a "Straw Purchase" its illegal, and technically a total bitch.

To drive a car off a lot you must have insurance. To get insured on a car you must be a registered owner. To be a registered owner you must qualify for the financing. To qualify for financing you must be squeaky fucking clean apparently. At least that's the way I understand it.

Plus it does me no good credit wise. I have a few more options available to me...I can take a shorter term on my loan, I can fix my credit, or the dealer can attempt to pull some strings which they are doing...

I'm not a material person, but I want this car so bad it makes my bunghole pucker.

HAHahaha, never claimed I was a "big balla", I'm not that type...you hang around the Icy Hot Stuntas too much my friend...

If you want it that bad, you will get the car. Sounds like you are just trying to jump hoops, sooner or later you will get approved. This is odd, as I could go to Subaru tomorrow and buy the same car and I have sweet fuck all. Maybe it is different in Canada, or maybe my opinion of sweet fuck all is different from what a dealer would consider of one having nothing.

Good car, go for it. There is a very large Subaru club here. I ran across a meeting one day last summer and there must have been over 30+ WRX's there.....

$5000+ their profit is enough to get financed. most spyfi do not require more than about $1000-1500 in fees to get financed, if any at all. unless the price was worked to the bone, this shouldn't be a problem.


get an extended warranty on top of the car warranty and the undercoating, and they'll finance it :1orglaugh :1orglaugh

YEah...I'll get it sooner than later...


I ain't trippin yo, I'll be all up in that ride hella quick dawg...then I'll be a "big balla"! I be can't waitin'!!

I think thats the problem... All the young kids around here who drive Honda Accords and rice them up to look like a Benz DREAM about owning a WRX...SO I've placed the WRX in my all exclusive ricer category...Maybe it's different over there


I just read what I said and it was kinda fucked up LOL..sorry about that :1orglaugh

When did ford excursions come out? I thought it was like 2000 or something. Maybe I'm way off, but if it was 2000 then no way that story is true.

A car can't define me as a person...a WRX is a great car...its an economical drivers car...performance at a low price...more importantly...its what I want.

Your comments didn't phase me, its all good. Just be careful with your categories...they're boundaries.

After all some of my best friends are ricers...ask luclonely! :winkwink:

WRX - nice choice. for the money, one hell of a car. sweet engine, and quality all-wheel drive.

good luck with your loan...

ThankS!:thumbsup

This is very true.

My father's employer back in the 80's was a very wealthy man. Bought and paid for everything with cash/bank check etc.

Anyway, times got tough in the last part of the 80's when the real estate market started to crash...(his company was a carpet company that depended upon new homes being manufactured.) As I said times got a bit tough and he needed a new car, not like the one he had was any problem...the guy goes down to the same lot he's been buying from for years and wants to purchase one using a loan...guess what?! The guy has virtually no credit, not bad, just no credit and can't get a fucking loan.

Go figure.

car load = indentured servitude

just do what I did... eloan.com (run by bank of america) -- walk in the dealership with a blank check... they have actually been pretty good to me so far even if i skip a payment they aren't fuckheads...

but i can guarantee you will be bored of the WRX in 2-3 years so just fucking lease the shit... at least that way you can deduct it from your taxes... and in 3 years when you are bored of the WRX you won't be stuck trying to sell the crap on ebay

1orglaugh