Is this dealership in the right? - Page 4

Memphis SS · 06-10-2019, 06:03 AM

Quote:

Originally Posted by Larrio Andretti

Yeah bud.... it does work like that. Bought 3 cars this year. Went in with bank checks. Walked out with cars. So yeah it works that way.

It’s been a few years since I bought a new ride.. Sorry about the grammar errors, I fixed them in the original post. I shouldn’t do iPhone post without my reading glasses...LOL

crosive · 06-10-2019, 06:08 AM

mine tried pulling this on me as well. I told them I had cash (did), and they told me to "keep your cash and finance instead". After I called them out on it they tried to do the same thing saying the check takes a few days to clear. I said that's fine, I'll come get the car the next friday (it was friday).

long story short, they took the check, and brought the car to me the next day.

Umbriel · 06-10-2019, 07:49 AM

Bought two vehicles in the past year, one being my SS and the other being an Acura, paid by check for both and never had either run my credit. The Camaro we had a certified check and the Acura we wrote a personal check. Both were out of state and neither said a thing about running my credit.

Bad Anvil Garage · 06-10-2019, 09:29 AM

Total BS. Tell him the deal is off and see how fast the story changes.

cellsafemode · 06-10-2019, 09:36 AM

this is _ONLY_ so they can try and get one of their finance partners to beat your credit union interest rate so they can convince you to use their finance partner instead.

That is the _ONLY_ reason they do this. and they do it everywhere. You can just tell them you'll go elsewhere and they'll change their tune when they see you are seriously going to walk to a competitor.

Depending on your interest rate, it may work in your favor. If both finance terms are fixed rate and all else is basically the same... you could end up paying a half percent or so less if your credit union isn't already close to the lowest you could expect.

Truth is, running credit isn't going to ding you much if at all and it wont be long term. If your dealer isn't garbage otherwise, it may benefit you to see if they'll beat the credit union rates. If they are seeming shady, then pass.

USAFS197 · 06-10-2019, 11:44 AM

Absolutely not. I will not allow a dealership to run my credit. If you have a check from your bank, as many others have stated, it is as good as cash and the dealership does not need to run your credit. If they won't give you the car until the check clears, then they should hold the car with it being held under a deposit. If they won't comply to either, go to another dealership.

Kiteboarder85 · 06-10-2019, 12:52 PM

Dumb way to have a credit inquiry show on your report for 2 years. Although it won't hurt your credit, it does show other lenders than you may have tried to get credit.

IMO - keep your credit report clean from nonsense. Never know when you may need to make that large purchase in life (C8, House, Etc.

)

cdrptrks · 06-10-2019, 12:58 PM

If your credit union already ran your credit recently to qualify you for financing, then it won't make a difference in your credit score. If not, you may want to try to avoid having the dealership run your credit as others have suggested.

"as long as the inquiries were all made within a certain period of time, usually 14 days but sometimes longer, they are counted as just one when calculating your score."

https://www.experian.com/blogs/ask-e...r-an-car-loan/

SnakeEyeSS · 06-10-2019, 02:28 PM

Here you go, an explaination. I had a dealer try it and walked. TL;DR, shady dealer, or stupid dealer.

https://www.carbuyingtips.com/articl...u-pay-cash.htm

SnakeEyeSS · 06-10-2019, 03:49 PM

Quote:

Originally Posted by cdrptrks

If your credit union already ran your credit recently to qualify you for financing, then it won't make a difference in your credit score. If not, you may want to try to avoid having the dealership run your credit as others have suggested.

"as long as the inquiries were all made within a certain period of time, usually 14 days but sometimes longer, they are counted as just one when calculating your score."

https://www.experian.com/blogs/ask-e...r-an-car-loan/

This isn't necessarily true. When I bought my Accord, I asked what my score was a few minutes after the finance guy confirmed the rate, and he said he forgot and asked if I wanted him to see, so I said yes, he mumbled something about the window was closed. I was not realizing he was running my credit again. Here is the strange part, he used a different system I guess and I got another ding on a different score. One for Experian, one for Trans Union. One was listed under Honda Financial and the other under the dealer name. Just another reason I don't finance cars anymore, less time with a dealership moron.

Emoto · 06-10-2019, 04:21 PM

Quote:

Originally Posted by SnakeEyeSS

This isn't necessarily true. When I bought my Accord, I asked what my score was a few minutes after the finance guy confirmed the rate, and he said he forgot and asked if I wanted him to see, so I said yes, he mumbled something about the window was closed. I was not realizing he was running my credit again. Here is the strange part, he used a different system I guess and I got another ding on a different score. One for Experian, one for Trans Union. One was listed under Honda Financial and the other under the dealer name. Just another reason I don't finance cars anymore, less time with a dealership moron.

The different credit agencies rate your credit differently. You can get free accounts with them, or these days many credit cards will give you your credit score for free on their online web site. At least two of my cards offer that. Fun to check.

mcintyre1969 · 06-10-2019, 04:38 PM

" I already explained " would have sent me down the road

Frankie18SS · 06-10-2019, 05:33 PM

Quote:

Originally Posted by mcintyre1969

" I already explained " would have sent me down the road

I know, right?!?

nitrojedi · 06-10-2019, 10:04 PM

There is nothing wrong with having your credit checked, its going to have no effect on you whatsoever unless you plan to go rogue and rack up a dozen or so cards at one time LOL.. Push the dealer on how low they can get the interest rate for you, you may be surprised how much better they are willing to do if they think there is a chance to finance the car...Go to your usual bank or credit union and see what they will offer you then go the dealer and make them work for your business..you may be surprised how aggressive they can go on interest rate if they think its the difference maker to earn your business .. afterall a dealership is there to make money and you can't fault them for wanting to make a few hundred extra in kickbacks from their lending partners.. I mean if they can substantially lower your payment and rate why wouldn't you ...

06-10-2019, 11:44 AM	#48
USAFS197 Drives: 2018 Audi TT RS Join Date: Jan 2014 Location: Navarre, Florida Posts: 1,915	Absolutely not. I will not allow a dealership to run my credit. If you have a check from your bank, as many others have stated, it is as good as cash and the dealership does not need to run your credit. If they won't give you the car until the check clears, then they should hold the car with it being held under a deposit. If they won't comply to either, go to another dealership. __________________ 2018 Audi TT ▊RS 2.4X 0-60, 1.6X 60', 120+mph 1/8th, 4.XX 60-130, 150+mph traps on 255/35/18 R888R tires on the street (unprepped). 2019 Audi RS3 About as fast as the TT RS 2019 Camaro ZL1 1LE Sold 2018 Camaro SS 1LE Sold 2019 Corvette Z06 Sold 2021 Charger Hellcat Redeye Widebody Sold

06-10-2019, 12:52 PM	#49
Kiteboarder85 Drives: 2018 SS - 2015 SS 1LE - 2013 SS Join Date: Aug 2013 Location: Freeland, MI Posts: 418 View My Garage	Dumb way to have a credit inquiry show on your report for 2 years. Although it won't hurt your credit, it does show other lenders than you may have tried to get credit. IMO - keep your credit report clean from nonsense. Never know when you may need to make that large purchase in life (C8, House, Etc. ) __________________ Billy B. Current: 2018 Hyper Blue SS

06-10-2019, 02:28 PM	#51
SnakeEyeSS Drives: Camaro 2SS & ZL1 Join Date: Mar 2018 Location: Oklahoma Posts: 857	Here you go, an explaination. I had a dealer try it and walked. TL;DR, shady dealer, or stupid dealer. https://www.carbuyingtips.com/articl...u-pay-cash.htm __________________ 2017 Camaro 2SS A8 Bright Yellow NPP MRC 2023 Camaro ZL1 A10 Radiant Red

06-10-2019, 04:38 PM	#54
mcintyre1969 Drives: 1968 SS/RS, 2006 H2 2016 2SS White Join Date: Sep 2015 Location: Texas ( Southern Moron) Posts: 770	" I already explained " would have sent me down the road __________________ 2016 2SS White fully loaded

06-10-2019, 06:08 AM	#44
crosive Drives: 18 zl1 Join Date: Aug 2017 Location: central alabama Posts: 935	mine tried pulling this on me as well. I told them I had cash (did), and they told me to "keep your cash and finance instead". After I called them out on it they tried to do the same thing saying the check takes a few days to clear. I said that's fine, I'll come get the car the next friday (it was friday). long story short, they took the check, and brought the car to me the next day.

06-10-2019, 07:49 AM	#45
Umbriel Drives: 2016 Camaro SS Join Date: Sep 2018 Location: Bartlett, TN Posts: 1,121	Bought two vehicles in the past year, one being my SS and the other being an Acura, paid by check for both and never had either run my credit. The Camaro we had a certified check and the Acura we wrote a personal check. Both were out of state and neither said a thing about running my credit.

06-10-2019, 09:29 AM	#46
Bad Anvil Garage Drives: 2000 GMPPSV SS & 2017 ILE SS Join Date: Jul 2017 Location: Bartlett, IL Posts: 547	Total BS. Tell him the deal is off and see how fast the story changes.

06-10-2019, 09:36 AM	#47
cellsafemode Drives: 2016 Camaro 1LT Join Date: Jan 2016 Location: California Posts: 3,491	this is _ONLY_ so they can try and get one of their finance partners to beat your credit union interest rate so they can convince you to use their finance partner instead. That is the _ONLY_ reason they do this. and they do it everywhere. You can just tell them you'll go elsewhere and they'll change their tune when they see you are seriously going to walk to a competitor. Depending on your interest rate, it may work in your favor. If both finance terms are fixed rate and all else is basically the same... you could end up paying a half percent or so less if your credit union isn't already close to the lowest you could expect. Truth is, running credit isn't going to ding you much if at all and it wont be long term. If your dealer isn't garbage otherwise, it may benefit you to see if they'll beat the credit union rates. If they are seeming shady, then pass.

06-10-2019, 12:58 PM	#50
cdrptrks Drives: 2017 Blue Camaro 1SS 1LE with PDR Join Date: Sep 2018 Location: Houston, TX Posts: 962	If your credit union already ran your credit recently to qualify you for financing, then it won't make a difference in your credit score. If not, you may want to try to avoid having the dealership run your credit as others have suggested. "as long as the inquiries were all made within a certain period of time, usually 14 days but sometimes longer, they are counted as just one when calculating your score." https://www.experian.com/blogs/ask-e...r-an-car-loan/

06-10-2019, 10:04 PM	#56
nitrojedi Drives: 2018 Camaro SS Convertible Join Date: Aug 2018 Location: Winnipeg Posts: 29	There is nothing wrong with having your credit checked, its going to have no effect on you whatsoever unless you plan to go rogue and rack up a dozen or so cards at one time LOL.. Push the dealer on how low they can get the interest rate for you, you may be surprised how much better they are willing to do if they think there is a chance to finance the car...Go to your usual bank or credit union and see what they will offer you then go the dealer and make them work for your business..you may be surprised how aggressive they can go on interest rate if they think its the difference maker to earn your business .. afterall a dealership is there to make money and you can't fault them for wanting to make a few hundred extra in kickbacks from their lending partners.. I mean if they can substantially lower your payment and rate why wouldn't you ...

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