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Question about GMAC

Discussion in 'Credit Talk' started by FICO750, Jul 24, 2003.

  1. Jul 24, 2003 #1
    FICO750

    FICO750 Well-Known Member

    I'm curious, does anyone know about what kind of score would be needed to get financed at a decent rate( 2.0-6.9). I also wonder what kind of score would be needed for the 0.00% finance. I have a truck through them now but I'm curious as to what opinions everyone has. As always thanks for the helpful and kind replies. Not sure but it might help to know I live in Texas.
    Thanks,
    FICO750
     
  3. Jul 24, 2003 #2
    willgator

    willgator Well-Known Member

    SOME SAY AS LOW AS 640 THEY HAVE WALKED OUT AT 0%
     
  4. Jul 24, 2003 #3
    FICO750

    FICO750 Well-Known Member

    Thanks for the reply Willgator. Thats hard to believe, but I've learned anything is possible in life. Anymore comments.
     
  5. Jul 24, 2003 #4
    lmckenzie

    lmckenzie Well-Known Member

    WE got a 2002 Denalli with a 704, but I was told by the dealership that 640 was the magic number
     
  6. Jul 24, 2003 #5
    FICO750

    FICO750 Well-Known Member

    If you don't mind me asking what kind of APR did you get on your denalli? Thanks by the way.

    FICO750
     
  7. Jul 24, 2003 #6
    iambroke

    iambroke Well-Known Member

    Bought a Saturn 2001 in June 2001 @ .9% financing for 5 yrs....total interest is like a whopping 500.00 for the 5 yrs LOL

    Anyways my score at that time was in the middle 600's being I had a bankruptcy that was going to fall off in 2002.
     
  8. Jul 24, 2003 #7
    FICO750

    FICO750 Well-Known Member

    Thank you very much for the reply.
     
  9. Jul 24, 2003 #8
    hurrytime

    hurrytime Member

    My husband had bk in 1997, score of 600 and got a new car 2004 0% finance as a co-buyer. I was listed as a co-buyer as well. Nice way to rebuild credit.
     
  10. Jul 25, 2003 #9
    cibomatto

    cibomatto Well-Known Member

    I got 0% with around 640....
     
  11. Jul 25, 2003 #10
    lmckenzie

    lmckenzie Well-Known Member

    0% on the Denalli, also used GMS discount
     
  12. Jul 25, 2003 #11
    SoParkDiva

    SoParkDiva Well-Known Member

    How does the bank make money if they charge you 0% interest on a car loan? That doesn't make sense.
     
  13. Jul 25, 2003 #12
    FICO750

    FICO750 Well-Known Member

    Thank everyone for the replies. I'm curious now as to what is needed to get the 0%APR. some say 620 some say as high as 750 (found it using the search). So, really what kind of score is needed. As always thank you.

    FICO750
     

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