Swimmod_Luna Posted June 25, 2019 Posted June 25, 2019 So after I went to that used car place yesterday I got an e-mail from Credit Karma saying there was a new inquiry in my credit report. It was just the name of the place so I didn't think much of it. Today I have another e-mail from Capital One about my credit report and now suddenly there are 4 separate inquiries, 3 from yesterday and 1 from today all with different names.
Greeny Posted June 25, 2019 Posted June 25, 2019 Your problem is going to a used car dealership in the first place. Put an ad in the paper asking for any old people who are looking to sell their cars.
tsar4 Posted June 26, 2019 Posted June 26, 2019 If you're letting them do the financing, they're probably hitting a bunch of different banks/loan agencies - each of which may put an inquiry on your report
Codename: Jackass Posted June 26, 2019 Posted June 26, 2019 When I bought my car the dealer pulled my credit using three different loan servicers. Very normal very legal.
🍬Candy🍬 Posted June 26, 2019 Posted June 26, 2019 mine only got hit once because i was instantly approved - maybe try car max?
KreiaDidNothingWrong Posted June 26, 2019 Posted June 26, 2019 How many times do they exclaim “no rust!” about the car you want the most?
Swimmod_Luna Posted June 26, 2019 Author Posted June 26, 2019 31 minutes ago, KreiaDidNothingWrong said: How many times do they exclaim “no rust!” about the car you want the most? The car I wanted to see most was "in the shop" but they were more than happy to show me one that was $1800 more expensive, and another that was $1500 more and smelled like an ashtray. And I overheard the guy next to me trying to sell some people a car that had been in an accident where air bags deployed and he was acting like that's a thing that is totally normal and happens to a lot of cars. 1
Swimmod_Luna Posted June 26, 2019 Author Posted June 26, 2019 1 hour ago, 🍬Candy🍬 said: mine only got hit once because i was instantly approved - maybe try car max? It only counts as one if they're in a short time frame even though it shows up more than once. From what I've read they do that to make sure you get the best rate.
Swimmod_Luna Posted June 26, 2019 Author Posted June 26, 2019 1 hour ago, empty said: When I bought my car the dealer pulled my credit using three different loan servicers. Very normal very legal. Ya that's what it sounds like
Swimmod_Luna Posted June 26, 2019 Author Posted June 26, 2019 2 hours ago, tsar4 said: If you're letting them do the financing, they're probably hitting a bunch of different banks/loan agencies - each of which may put an inquiry on your report I've read that as long as it's within 2 weeks it will only count against ur credit once
lupin_bebop Posted June 27, 2019 Posted June 27, 2019 (edited) On 6/24/2019 at 9:11 PM, Athena 92 said: So after I went to that used car place yesterday I got an e-mail from Credit Karma saying there was a new inquiry in my credit report. It was just the name of the place so I didn't think much of it. Today I have another e-mail from Capital One about my credit report and now suddenly there are 4 separate inquiries, 3 from yesterday and 1 from today all with different names. Yes. This is normal. They probably put it in with several different banks all at once to get you financed. It's a normal thing, and the inquiries usually fall off after about 6 months to 2 years, depending on the institution. It's part of the reason why car/house/loan shopping really sucks balls, especially for those with only decent credit. It can ding your credit report something fierce when you start looking. Edited June 27, 2019 by lupin_bebop 1
K_N Posted June 27, 2019 Posted June 27, 2019 Yep, when I bought my car they had 4 different banks pull it. And yes when they're all within a short period the impact on your score is lessened. 1
lupin_bebop Posted June 27, 2019 Posted June 27, 2019 (edited) 4 minutes ago, K_N said: Yep, when I bought my car they had 4 different banks pull it. And yes when they're all within a short period the impact on your score is lessened. Here's a questions for you: How many dealerships did you look with? Edited June 27, 2019 by lupin_bebop
K_N Posted June 27, 2019 Posted June 27, 2019 52 minutes ago, lupin_bebop said: Here's a questions for you: How many dealerships did you look with? One, because it was the only one within the entire Phoenix metro area that had the car I wanted.
lupin_bebop Posted June 27, 2019 Posted June 27, 2019 2 hours ago, K_N said: One, because it was the only one within the entire Phoenix metro area that had the car I wanted. What the ACTUAL FUCK Phoenix, Arizona? Where I am in northern Texas/Dallas......I have LITERALLY 27 car dealerships within a 5 mile radius of my place. Expand that to 20 miles, and I have a literal 210 dealerships. 😐 You have nothing but space out there.....how the fuck don't they have car dealerships there? Especially when your stuff is more spread out than ours?
Doom Metal Alchemist Posted June 27, 2019 Posted June 27, 2019 6 hours ago, lupin_bebop said: What the ACTUAL FUCK Phoenix, Arizona? Where I am in northern Texas/Dallas......I have LITERALLY 27 car dealerships within a 5 mile radius of my place. Expand that to 20 miles, and I have a literal 210 dealerships. 😐 You have nothing but space out there.....how the fuck don't they have car dealerships there? Especially when your stuff is more spread out than ours? Well he said the car he wanted. Maybe he wanted a Hummer. (Not a sex joke, get your minds out of the gutter, people).
K_N Posted June 27, 2019 Posted June 27, 2019 6 hours ago, lupin_bebop said: What the ACTUAL FUCK Phoenix, Arizona? Where I am in northern Texas/Dallas......I have LITERALLY 27 car dealerships within a 5 mile radius of my place. Expand that to 20 miles, and I have a literal 210 dealerships. 😐 You have nothing but space out there.....how the fuck don't they have car dealerships there? Especially when your stuff is more spread out than ours? There were tons of dealerships. Just not many with the specific year of Prius I was looking for that did not have battery issues.
lupin_bebop Posted June 27, 2019 Posted June 27, 2019 3 hours ago, K_N said: Just not many with the specific year of Prius I was looking for that did not have battery issues. Still, there should’ve been more choice for you. It just bugs me, since I like that car and can’t afford it brand spanking new. XD
Recommended Posts