lisajt66 Posted November 9, 2007 Report Share Posted November 9, 2007 So I blew the engine in my Jeep Cherokee Laredo...Note to self : when the red light comes on, don't wait, put oil in!! Really wasn't prepared to buy a car right now, still working on the CRs. So I applied online at CapOne Auto and was approved in seconds for up to $40k @ 12% interest. I thought "YEAH, good for me". I really thought the interest rate would be a lot higher. Rec'd the "blank check package" the next day.Anyway, I spent a few days online poking around @ Carmax and local dealers, found a couple cars I liked and yesterday went shopping. Carmax didn't open until 11am so I went across the street to another dealer and found a car I liked. Actually put a deposit on it to hold it overnight while I decided but my mind was really already made up. Well, I stopped at my credit union this am on my way to the dealer to finalize the deal and just for sh*ts and giggles applied for a car loan...and was APPROVED for up to the same amount @8.5%!!! I went straight to the dealer and picked up my black sapphire 2007 Lexus IS 250 fully loaded with ALL the bells and whistles ie: Navigation system, Bluetooth technology, rear-view back up camera, factory chrome wheels and custom wood interior trim!! I am really in love with myself right now (and everyone here @CIC for all their help)!! Link to comment Share on other sites More sharing options...
Hellard Posted November 9, 2007 Report Share Posted November 9, 2007 "You never know IF you never ask"You proved this point at your local credit union.Great job- now make sure your car insurance is up too par..crazy drivers Link to comment Share on other sites More sharing options...
sgip2000 Posted November 10, 2007 Report Share Posted November 10, 2007 I have a Jeep Cherokee. Those things are virtually bullet proof. You must have really killed it big time. Used engines for those are only a couple hundred dollars if you're interested in keeping it for a second vehicle. Link to comment Share on other sites More sharing options...
lisajt66 Posted November 10, 2007 Author Report Share Posted November 10, 2007 You must have really killed it big time. Welllll....it had about 180K miles on it, I replaced the transmission twice, the steering was going and something about a CV boot? It still looked pretty good though. I have a friend who owns a small used car lot so he's going to sell it or part it out. Link to comment Share on other sites More sharing options...
Moneedshelp Posted November 10, 2007 Report Share Posted November 10, 2007 congrats. way to go credit unions. Link to comment Share on other sites More sharing options...
virtualrn Posted November 11, 2007 Report Share Posted November 11, 2007 What were your scores and credit looking like with approval? Link to comment Share on other sites More sharing options...
lisajt66 Posted November 11, 2007 Author Report Share Posted November 11, 2007 They only pulled TU and the last time I got my scores September 12, 07 my TU was 589 with a BK7 discharged 09/05, 2 small claims civil judgments, 3 CAs, 1 utility CO, a Cap One IIB and a Providian TL closed by me after PIF in 10/02 with a 30 day late showing and 12 inquiries.Since then before applying I had the 2 judgments deleted (they were IIB but not marked as such, I disputed as not mine and they were deleted without any problem), the Providian was disputed as never late and updated as such to a closed /paid/never late, and the utility disputed as IIB and they removed it.So I don't really know what my score was on that day. I didn't even think to ask the loan officer as I was just so amazed to go from a 12% loan with Cap One Auto to the better rate with my Credit Union I grabbed it!! Link to comment Share on other sites More sharing options...
virtualrn Posted November 11, 2007 Report Share Posted November 11, 2007 Well, enjoy your ride....good for you! Still driving my miata and getting very tired of it. Maybe I will upgrade to a Lexus someday! Link to comment Share on other sites More sharing options...
SugarNspice Posted November 11, 2007 Report Share Posted November 11, 2007 Congrats!! I know the feeling. My DH refinanced a car loan with Credit Union and got a 6%. This was only after 3 months with Capital One at 9%. We were pretty excited. He had a repo on his CR too. Enjoy your new set of wheels!! Link to comment Share on other sites More sharing options...
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