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Re: dealer says credit score is lower than it really is [sas099]
by rekonn on Wed Sep 27 13:15:33 PDT 2006
I just called Honda Financial Services customer service line, and got the answer to my question. The rep told me that the scoring method they use is different from what the 3 credit bureaus use, and is harsher. So when the dealership told me my Experian score was 685, that's not entirely true. The 685 is based on my Experian score with some extra Honda specific calculations thrown in. So, paying to see your FICO scores beforehand is a waste because they don't use those. Unfortunately, the only time you'll find out your Honda FICO score is after you've applied for their credit. 5.9% is still probably the best I could have gotten, I just hate being an uninformed consumer that gets surprised right at the time of purchase. 2006 Acura TL with Navigation , Anthracite/Quartz with financing $31980 before TTL at Thomas Acura in Covina CA
Re: dealer says credit score is lower than it really is [caltman]
by rekonn on Tue Sep 26 10:21:55 PDT 2006
I live in AZ, and back August I visited a local Acura dealership for the first time to test drive a TL. I talked with a salesperson who told me that as long as my credit score was over 710, that I would qualify for the special financing. I wasn't ready to buy yet, but I kept that info in mind. I used myfico.com to get my credit scores, and all 3 of my scores were over 710, so I thought for sure that I'd get the 4.9% for 5 years. AZ dealerships however, were no longer offering the special financing. So after getting some very competitive price quotes, I decided to make a fun weekend trip, and drove to a dealership in Los Angleles CA this past Saturday. When I got there however, they ran my Experian score at 685 instead of 713, and told me I'd only qualify for the 5.9% for 5 years. I still bought it, but was annoyed that my Experian score suddenly changed for some reason, and I'd have to pay an extra $800 or so over the 5 years in finance charges. Monday, I checked my Experian score again, and it was still 713! So, I'm wondering - Do car dealerships use different scores than what's available online? In that case, paying $15 per report is useless. Or, did my dealership run my score, get 713 - but tell me it was 685 in order to squeeze an extra $800 from me? It's interesting that's this has happened to a couple other people. If anyone else had a similar experience, please post! Trying to talk to a living being at Experian is impossible, so I'm going to try to call Honda Financing and find out from them what score they got. If they say 685 then I know something's messed up with Experian or MyFico. But if they say 713...
Re: dealer says credit score is lower than it really is [caltman]
by rekonn on Mon Sep 25 13:40:43 PDT 2006
5.9% for 5 years, which I think is good, but I was going for the 4.9% for 5 years. The total difference over 5 years is about $800 bucks. I'm fine with them picking the lowest one, it's just that my Experian score should have been 713, and not 685. I've been trying to find a way to speak to an actual person at Experian, to ask them what was the score that they supplied to Honda Financing, but that seems impossible.
dealer says credit score is lower than it really is
by rekonn on Mon Sep 25 09:12:21 PDT 2006
Has anyone had an issue where their Acura dealership wasn't showing the same credit score as what you can get through sites like myfico? On Saturday they said my Experian score was 685. I checked this morning, and it was 713. I'm wondering if this was done on purpose to get me to agree to a higher finance rate. :mad:
Re: Prices in California [qainspect]
by rekonn on Wed Sep 20 08:44:52 PDT 2006
What was the dealership? And I'm guessing you took the $1000 off instead of the special financing?
Re: Acura Incentives? Is the 4.9 APR still going on? [nfurlow]
by rekonn on Thu Sep 07 11:07:18 PDT 2006
I'm in AZ and called a couple dealerships yesterday. The financing on new 2006's ended, but it still applies to certified pre owned vehicles.

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