Credit Choice Live . Com

Information Library

Automobile Services

Things you should know about automobile financing.

First and foremost the first thing you need to remember, you will get more bees with honey!

 Auto dealers want to sell all the cars they can every single day.  If the customer does not purchase they have lost, advertising is quite expensive therefore they want to make the best of every opportunity they have.  When you arrive at dealership you should be courteous and kind the nicer you are the more the dealership wants to help you get the car or truck you want.  When you are rude and off-putting nobody wants that battle, it isn’t fun for anyone involved.  

REMEMBER - Be Kind and you will get the most Bees.

 General Guidelines for lenders:  Is the better the credit score, the greater the amount to borrow. 

Credit Score                          350-520                 60% of Wholesale Book  (40% under Wholesale Book)

Example:                               Sales price              $19,995.00

                                            Wholesale book       $22,010.00

                                                        X’s 60%     $13,206.00

                                            Down payment         $ 6,789.00

Credit Score                          520-580                  105% of Wholesale Book  (  5% over Wholesale Book)

Credit Score                          580-650                   130% of Wholesale book  (30% over Wholesale Book)

Credit Score                          651-720                   145% of Wholesale Book  (45% over Wholesale Book)

 Remember these are guidelines they are not set in stone. 

CASH IS KING. THE MORE CASH THE BETTER.

National List of Automobile Dealership Affiliates

Send mail to support@creditchoicelive.com with questions or comments about this web site.
Copyright © 2007 Credit Choice Live
Last modified: 12/12/07