Desperate enough to extend credit to someone like me, apparently.
After being turned down by everyone from Ford Motor Credit to Benny the loan shark, my credit union came through with financing terms. I was waffling between a 2006 Toyota Tacoma SR5 4×4 with 91k miles (but in excellent condition with tons of extras), and a brand new 2010 Tacoma 4×4, which I could have had for 2% lower interest than I’d get with the used one, and 72 month financing, to boot.
In the end, having a new vehicle with a 100k mile factory warranty for only $100 more in monthly notes was just too good to pass up.
So I went to the dealership this morning to sign the buyer’s agreement, and they asked if I’d like to try getting approved through Toyota Motor Credit. “What the hell,” I figured. “One more hit to my credit record won’t be too bad, and this is the last time I’m going to be financing anything for a long time. They’ll probably turn me down, but I still have the credit union to fall back on.”
Well, not only did they approve me, but at an interest rate so much better than my credit union that I could finance the truck for 60 months for only $70 a month more in payments. That will save me roughly $7,000 over the term of the loan.
So thanks, Toyota Motor Credit!
Hopefully, I’ll have pics of Frankenhoopty II by the end of the week!
I don't make an exception for Ford. I've owned too many fords. I kept going back and buying more, because my '66 Mustang was such a good car. No other Ford has been reliable for me, and I have owned a couple of vans and three other cars.
It is usually the best time to buy something, when there is a misconception of danger, rather than when it is popular.
Go pedal on the right.
Stop pedal in the middle.
Change pedal on the left.
If you can mange that, you can probably drive a Toyota or an Audi without any problems.
Well, maybe you couldn't. You would probably have a fit at the suggestion that you drive something made in America.
The cool thing that you may not know about your credit score is that “clusters” of credit checks only count as one check, for the purposes of tallying your credit rating. So a whole bunch of people running your credit in one month only counts as one hit, basically.
The cool thing that you may not know about your credit score is that “clusters” of credit checks only count as one check, for the purposes of tallying your credit rating. So a whole bunch of people running your credit in one month only counts as one hit, basically.
The cool thing that you may not know about your credit score is that “clusters” of credit checks only count as one check, for the purposes of tallying your credit rating. So a whole bunch of people running your credit in one month only counts as one hit, basically.