Automotive Financing | Forum profile

Then if you were declined via an indirect application placed with a dealer to NMAC, I believe you should wait for at least 30 business days before you reapply on an indirect basis. Actually a well practiced F&I Mgr could call NMAC and ask them to look at the previous decline and ask if were worth submitting again. At the very least, the F&I Mgr could find the reason for the decline.

Information was found here: http://www.8thcivic.com/forums/garage/9643...tml#post2889340 I have no personal dealings with Honda or their captive financing company, this was just a msg board thread that I came across while I was searching for the same information as yourself. Take information FWIW """ Posted by cbonhonda on 05-21-2008, 11:03 AM Actual Tiers would be the following: Super Preferred (899-710) Preferred...

Regular insurance pays the actual cash value of your car if it's totaled. If that amount is more than the payoff you get to keep the rest. On a one-pay lease the remaining payoff is the residual value. Thus you would probably get some money back. Though you are almost certainly going to be a lot of money behind compared to if you had a monthly pay lease and GAP insurance. Then you would only be out the payments already made. The combined...

QUOTE (mk_378 @ Dec 17 2009, 02:52 PM) New car $7,500 + Negative equity $10,500 = Total $18,000 - Cash down $2000 = Amount of loan $16,000 No one is going to loan $16,000 to buy a $7,500 car though. It is almost impossible to trade down while you are upside down. It would be better to try to refinance your existing car, paying the $2000 toward the loan...

QUOTE (MarvBear @ Dec 19 2009, 10:36 PM) QUOTE (milsaps118 @ Dec 18 2009, 10:09 PM) The financing at 0% on some qualified vehicles is a far better incentive then taking the discounts. I was looking at a vehicle w/MSRP of 54K. Dealer came down to 48K with another 2K for 60 day waiver, small business cash, and CU member disc. Sale price of 46,XXX K and change. With the incentives the same vehicle was at 44,XXX...

Thanks a lot for the fast reply, I figured the negative equity would hurt the most. Do rebates help against LTV? We are also hoping to not get hosed too much on the trade in value of my current car.

Thanks for the reply. I'll see what I can do. Thank you!! I got this lease with the same scenario (minus the separation) 3 yrs ago through the dealership, They could probably find financing for me right? simpleton

You could look into some credit unions. I know NFCU or PenFed will do it as long as the LTV matches up.

I have not applied on my own behalf in 30 days. Thanks.

QUOTE (MarvBear @ Dec 17 2009, 06:42 PM) Whe the need of the 2nd vehicle? No need really - just always wanted a Corvette, and I think I'm at the point where I could handle the $350-$400 payment that would come with an older used one and was wondering what my chances of being approved would be.