ok soo i was suppose to pick up my 06 on friday, when i get to the dealer everything was working out well 'even had the s2k keys in my hands' i have a 650 credit score which puts me in the third tear with honda which in stead of 299 a month its 344 with same down, the dealer was on the phone with the bank and they told me the bank did not wanna give me the car, this is the story i'm trading a less 03 rsx a year before, the dealer told me they are not going to roll any payment but the thing is the rsx is under my dads name and i wanna but the s2k under my name , the dealer is telling me that in order to put the s2k under my name is for my dad to at least be a co signing, the deal was coming out to $389 with 4200 total down, This morning i got a call back and the sales guy told me that the dealer is whiling to do this for me without my dad co signing, but that the payment will go up to 420 a month with the same 4200 down, what do i do, i don't wanna walk away cuz there arent much NFR's out there in this area. There's a honda customer service number in honda.com should i call and report them as that there not applying to that Honda less deal??? i would walk away with no problem but they got an 06 nfr with 50miles there its soo temping to go and just see it there parked out side, damnnnnnnn

 

I'd walk away. From just browing the forum, I think you can probably get a better deal. Plus, the situation just seems shady to me. There'll always be another NFR waiting for you somewhere. Be patient or prepared to pay a little extra.

 

I'd walk away man. First off 650 credit score is going to hurt you with any loan. I believe the average loan default rate with a C credit score is between 40-60%. That means at least 40% of the people won't be able to make the payments. YOU might be able to, but the loan company can only go by your credit score. In most cases this is out of the dealerships hands, as they aren't the ones giving you the loan.

This one is a bit fishy though. They keep coming back with different numbers, and each time its a bit higher. My guess is the loan officer guy knows how much you want the car, and the dealership gets a % of the interest off the loan. IE the more you pay in interest, the more the dealership gets, and the more HE gets.

I'd wait about 6 months, work on getting your credit score higher, and then look. The 07's will be out, and you could probably still find an 06 floating around.

Also, DON'T think you have to use the loan department at the dealership! Go to your bank and check their interest rates! A lot of the time when the stealerships are pulling this crap, you go to your bank and get a loan at a better interest rate, especially if your putting a decent down payment and are willing to let them do automatic payments.

Your only other choice is to get a co-signer. Otherwise they are going to rape you on interest. You could also pay the higher interest now, and in a year if you make the payments etc, your credit rating should be higher. Then refinance at a lower rate through your bank.

 

Just walk away. You'll be paying a 'premium' which will go to the dealer's pocket.

Work with other dealers, there are plenty of cars out there. Remember, you're the customer with the money, and you should dictate the terms of transactions, not the dealer.

 

Step away from the car.....

Don't let your emotions take control- which is exactly what I hear in your first post. There is at least one more year of S2K's on the way and NFR is not a rare color- or one that is being discontinued for 07. Wait until your credit score picks up or talk to other dealers/banks etc. Don't be impulsive or you will pay dearly. The deal they are offering(420/mth with 4200 down) works out to $18,900 for 3 yrs($420*35 + $4200) compared to the $13,068 that I will pay for 3 yrs. I am CERTAIN you can do better...

 

It was said before: These people are changing the numbers on you because they know at this point you would probably do anything to get this car. Didn't you already post another thread in which some dealer was trying to put a fast one on you and tell you the car you wanted was gone? It probably shows that you REALLY want this car, and they are using this in order to milk every dime from you.

If you really can't hold off, find a bank in your area and ask about financing wtih your current credit score. Even better, go to a local credit union - they will probably have the best deal. There's no need to finance through the dealership.

Most importantly, Don't let them **** with you. You have to be willing to walk away from the deal, otherwise they know they got you by the balls. Your salesman knows you want this car so bad, he just knows he can squeeze a few extra dollars frmo you without much of a hassle. What you do from here on out is entirely up to you.

 

Run, don't walk, away...

 

it just soo ****ing hard looking at the car and knowing if i pay that little extra i can drive it home

 

It's your credit score that's messing with you, not the dealership.

The 299 deal says WAC, which stands for With Approved Credit, 650 is not going to get the 299 deal.

If you can get 344 from Honda, then just go to a different dealer and work from them. Honda Customer service can't help you. Call Honda Finance is you want to use the lease deal and see what they can do.

 

Walk or you'll regret it the first of every month.