If you ask them what your credit score is, do they have to tell you? Also, what is a AHFC loan?~racnjsn04~ said:I had a credit score of 720+ beacon and the sales guy tells me wow..you could get AHFC loan.....then when I go behind closed doors finance guy got my mind off intrest rate by offering me all the warranty stuff, lo-jack, window etching and wanted me to sign papers quickly. Saying stuff like this ones nothing no need to read. I had to ask him what my rate was because I didnt see it on any of the papers I signed and He didn't tell me it was 9.99% until after the fact.
Thats high % for a new car loan.....~ 36x536, your going to pay 19300 for the car....thats not too bad. How much intrest is thatChinoiSI said:i got 5.9% for 36 months. i make payments of 536.51 a month. just sent my first payment haha only 35 more payments left....... haha
AHFC= american honda finance corp.spear85 said:If you ask them what your credit score is, do they have to tell you? Also, what is a AHFC loan?
Wow...good thing you found out you were getting ripped and did something about it soon enough. I know car salesman are in it to make money but they could at least be a little more honest. There is no way I will get my financing through the dealership whatsoever after hearing some of the stories from people like you. thanks alot for the heads up~racnjsn04~ said:AHFC= american honda finance corp.
Yes, they will gladly tell you your credit score if you ask.
Also there's a little more to the story I didn't mention in my first post.
I found out the next day after I bought my car that the salesman that sold me my car was fired from honda for telling his customers to shop around for better intrest rates..he knew they was ripping people on financing rates...but the thing is the sales guy never even mentioned to me once to shop around for a better rate, so I'm assuming it was a customer before me...
Nows its been 4 monthes since I purchased my civic and I go in for an oil change and find out that the financing guy that ripped me off also just got fired. I'm guessing it's because he was scamming people on intrest rates to get a better bonus for himself...
Btw...I did refinance ASAP but it costed me over $100 in intrest just for the short 2 week peroid that I had that 9.9% intrest rate, so I complained to the finance manger and he gave me 3 free oil changes.
spear85 said:As of right now my plan is to get a 5 year loan and just make double payments. or would i save more money in the long run by getting a 48 month loan with higher payments? and just pay some extra?