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I thought I was pretty well versed in the logic behind credit score calculations. I am still trying to figure out how divorce affects it. I see it mentioned a few times, by different people. But, how is divorce affecting the credit rating?
Credit rating is based on the past record of paying bills on time, income to debt ratio and a few other finance related categories. There is no rating for being single, married, divorced, or otherwise.
Do people stop paying their financial obligations when they go through divorce? That I can see hapenning, where one or both parties, out of spite, stop paying back the loans. But, divorce, in of itself should not affect one's credit score.
When someone gets married, their credit scores do not magically get higher just because they got married. Why should they magically drop when someone is divorced. Unless, of course, they are being spiteful and fail to complete their financial obligations.
First of all. Are you unhappy? Or are you unhappy because some annonymouse person on the internet told you that you are unhappy?
If you are perfectly happy paying $40,020 for an Accord EX (hopefully it is a V6 at that price), then you should not contact them.
If you can't figure out where $40,020 came from, and don't care to know, then you don't need to contact them either.
I am not going to tell you that you are unhappy, if you are perfectly happy.
The lease for the car my wife drive's is in my name. Do you think she would start making the payments if she split.
Fortunately, I went through an amicable divorce in my first marriage but I have heard horror stories. Be careful with joint credit.
And don't forget that alimony and child support can cause financial hardship.
Please stick with auto purchase comments in this forum.
The lease for the car my wife drive's is in my name. Do you think she would start making the payments if she split.
Fortunately, I went through an amicable divorce in my first marriage but I have heard horror stories. Be careful with joint credit.
And don't forget that alimony and child support can cause financial hardship.
Please stick with auto purchase comments in this forum.
That was my question. How is marital status relevant to the Credit history and the subsequent auto purchase. Thank you for clarifying it, and confirming what I had originally thought. It is completely IRRELEVANT.
Have you tried www.carsdirect.com or American Express car buying service?
Perhaps it is the going price. What are you looking to pay?
You wrote.." What dealer wants a 5 or 6 yr (old) car??????????????"
Actually those are the ones in the greatest demand. A nice 5 year old car that is a popular model are in very high demand. We would take those cars, detail them to perfection, run them through a 105 point inspection and do whatever reconditioning was necessary. We couldn't get enough of them. If they did happen to need any of those items you mentioned, we would do the work and show the buyers what we did.
We would even sell nice ten year old and older Hondas and Toyotas.
We would NOT keep Audis, Land Rovers, Volvos or Volkswagens. These we would take to the auctions or wholesale them. Years of experience caused these decisions to be made. We didn't need the headaches or unhappy customers. On rare instances we would perhaps make an exception but we never kept a Land Rover or an Audi.
Your other option is on feb,28th go visit several dealers and make your best deal.
You will never find a good price the way you are going about your business.
you have no leverage the way your trying to buy this accord.
read my prior post and do what i'm saying and you will secure your best deal in your area.
23 Telluride SX-P X-Line, 23 Camry XSE
My neighbor down the block tried to trade in his 3, 1/2 yr lexus. The dealership felt mabey this old guy is stupid enough and told him the best he could do was about 8 thousand less than book. Just not a demand car i guess.
I'm assuming i really dont know this car business like you.
23 Telluride SX-P X-Line, 23 Camry XSE
Invoice on an LX CVT is about $21300+. You are getting a below invoice price on an all-new car that's winning awards and comparison tests. Go for it. Enjoy!+++
23 Telluride SX-P X-Line, 23 Camry XSE
Then, unlike private sellers, they have to consider the costs of reconditioning the trades, doing detail and minor dent rempval and touch ups if necessary.
If you don't like what you are offered, SELL IT YOURSELF! You might get lucky or you might get stuck dealing with flakes, joyriders, people who never show up etc. A lot of risks involved.
Also, in many states there is a sales tax credit on the value of trade in's. This can be substancial if the trade is worth a lot.
Just wanted to share a quote I got from College Park Honda. I dare anyone to beat it!
2013 Accord LX CVT.
Included
199 doc,
500 market adj. (they must been selling Ferrari before)
995 mud guards, wheel locks.
24964, BEFORE TTL!
I could barely hold myself from laughing.
sport msrp 24980 sell 22083
ex msrp 26195 sell 22891
Only 3 of 8 dealers responded to the carwoo request
Prices are pre-tax and dmv fees but do include the maximum doc fee for my state
LX msrp 23270 sell 20530
sport msrp 24980 sell 22083
ex msrp 26195 sell 22891
Sadly, only 3 of 8 dealers responded to the carwoo request
Prices are pre-tax and dmv fees but do include the maximum doc fee for my state (Ohio)
Surprised at the poor response in SW Ohio. We have about as many Honda dealerships as fat chix in this area. Guess they still feel in control of the Accord supply/demand situation, for now...
Those prices look good to me. What do you mean about poor response....?
Basically through Carwoo and other things like it customers are getting low prices on a hot product. Many dealers probably figure they can sell a 2013 Accord for a higher price than it would take to get a sale thru Carwoo. Nothing wrong with that.
When a Honda dealer decides to practically "give away" a car at below invoice, I think they are hoping to make it back and make some money on the trade, the extended warranty, and the accessories.
But some Honda dealers don't want to give away an all-new best-in-class award-winning car. They want to make some money on it. Fair enough!
But there are enough Accords around that those of us who are looking for a good price can find one. You don't need 8 good quotes. All you need is one good quote.
Isell has a valuable perspective. Many here appreciate his point of view and insights, as well as his sense of humor and perspective.
Yes, of course, he tilts toward the salesperson's side of things, because that was his job for many years—selling Hondas.
But he points out many times, and accurately, that salespeople are people who need to make a living, just like we do, and who have feelings, just like we do.
Some salespeople are unethical. Some customers are unethical. So there's bad on both sides. There's also good on both sides.
Let's try here in our discussions to bring out the good.
Yes, we want low prices, and that's the point of this thread. But it's compatible with being friendly and ethical to your salesperson and letting them make at least a small (or even medium) profit somewhere in the deal....
Just my 2 cents.
Gee, I wonder why?
I also am wondering why I would respond to a name caller with third grade writing skills?
I really have no "dog in the fight" since I retired two years ago. Even when I was working I never used these forums to promote myself.
I only try to temper some of the questionable advice that I read here.
I want low prices on the items I buy as much as anyone else. I also want to be treated in an above board manner by a friendly, down to earth sales staff.
When people focus ONLY on price they can find it a miserable procedure.
I was wondering if we should all go as a group and all offer to buy same day if we could get a good deal without any shenanigans ? Seriously, they would sell 3-4 cars in a day, no prolonged process and everyone's time is saved. No carwoo or true car, just pass on part of the savings to the customer.
I also belong to penfed and looked up their car buying service for your deal:
MSRP 30860
estimated member price 27492 (excludes doc fees and dmv fees)
for comparison:
weymouth price 27339 (same exclusions)
So, what did you offer and what did he come back with? FWIW, I find invoice prices useless since they do not reflect true dealer cost...
My offer was $27,300 (but I was ready to go up by another $ 200 if he could find my color choice and do the deal quickly). The penfed member price in my area is $28,200. The doc fees in this area is usually around $130. Is your member price in Ohio ? I would have made the purchase if someone offered me that price here in the Philly area with the color I wanted.
I was also going to wait but since we may need that second car by next week. Plus giving the price I am getting. I will most likely buy it now. Specially if they beat it by $100. Plus they offer a 7yrs or 100K miles at no cost they claim.
I am in the Lehigh Valley area. Not sure if they will go any lower or if they will match t at this point. My suggestion is try Weymouth price and Anderson Honda. Not sure about your invoice. Let me know I will consider buying w someone else. I don't have a trade.
I logged into my penfed account and then went to the car buying service. Price of 27492 is for the SW Ohio area. Surprised it is ~$700 more in your area. Yet the weymouth price up in Boston is even lower. Hmmmmm.
BTW, have you researched the problem SOME are having with the VCM on the V-6 Accord?
I read your comments thanks for the support and i'm glad i helped you save a few dollars. The main thing is you recieved a good deal. Use what ever excellent advise you took from me and help other buyers down the road.Thats all i ever asked anyone to do in these forums the last 15 yrs.
I keep on posting in this honda forum i now the market is hard right now to get that knock out deal were all looking for. I tried last month and i used 5 states to judge the market.
Above poster is correct MR BEN you are buying a great vehicle and 95% of you will not get 1000 plus below invoice this month. If your ready to buy make your best deal using my price guide North East. By all means try to get that knock out price first. Then settle on your best price. If time is on your side wait another month.
My prior post til stands you need to buy the last day of this month. The market price is 400 to 875 below invoice on most models plus Doc fee's. The Lx and lower end models are selling cheaper.... Dealers have alot more on there lots.. Maybe if you contact the right dealer at months end you might be able to take one off there lot cheaper than i posted. The harder part for you is finding that one or two dealers who will sell it
You can lead a Camel to water put you cant make it drink.
23 Telluride SX-P X-Line, 23 Camry XSE
Talk about a squeeze play. We may have to call you "brian126"
20.3k + zero doc + ttl is an excellent deal. Add in the great financing: "Limited Time Offer: .49% APR for 48 months." I don't see how you do any better.
FWIW, anyone can join PENFED; you don't have to be military affiliated. For the genpop, the most it will cost is a one-time fee of $15 to join thru an affiliate. you could save hundreds either using the car buying service or the very low auto loan rates.
"Most everyone else can become a member through a one-time $15 donation to Voices for America’s Troops."
@mvperez4jesus: That's a great price for the car in the area, if your local dealer even matches it, just pull the trigger and be thankful for PenFed.
my half brother i said, but i was honest and told them i didn't know where he was (last time was in italy). I also have a cousin but she said it was fine.
I didn't pay the $15 joining fee, so, i only gave $5 for my new penfed account. U can't beat it.
In the nyc area pen fed svc was $590 below invoice.
If i was to change my zip code to boston or M.d would i be entitled to that price there giving me????????????
23 Telluride SX-P X-Line, 23 Camry XSE
Had to jump in and reply to this with my own experience. I had a Hyundai Genesis Coupe a year or so back. Had it for 2 years and really didn't get on with it. At the time I decided to get rid of it, it was booked at $19,500 and I owed $17,500. I wanted a C-class MB and trotted off to the local dealer. I could tell straight away they didn't like my trade at all. Their offer? Full price for the MB and $15,000 for the Hyundai.
Someone at work mentioned that the Infiniti place over the mountains (3 hours in summer, 5+ in winter sometimes) had a reputation for selling good used sports cars, coupes, convertibles, etc. I hadn't really considered an Infiniti as the dealer was so far away but I have a soft spot for them as I used to sell them. Gave them a call, described the car and chatted about my needs. Long story short, $23,000 for the Hyundai, a G37x with premium and tech packages stickered at around $43,000 for $39,000.
In short, isellhondas is spot on. The dealer will pay what the trade is worth to them. BTW, when I was selling, we would usually offer the "poor" condition price on KBB regardless of actual condition unless it was something we wanted for the lot. If the trade value was really the hot button issue, we would bump it and grab back money elsewhere in the deal.
Buying a new car is one of the worst investments you could make. Depreciation values/// repairs. Then to short change yourself on a trade in crazy. Unless the vehicle is a mess/ needs work or you dont like to sell on your own trade it in. Take what you can get.
23 Telluride SX-P X-Line, 23 Camry XSE
23 Telluride SX-P X-Line, 23 Camry XSE
In that topic a question for all and perhaps isellhonda can help. If I show up to a dealer on the 28th (end of the month). I make the deal, I give a deposit and leave because I now have to wait for the PenFed check for like 4 days or so. Would that deal be considered under the end of the month? Or will it technically be under March? Just curious to see if that might lead to a better deal.
I've never heard of PenFed but it just sounds fishy like so many other Johnny Come Lately finance companies that have come and gone.
MAKE SURE they issue a CHECK and not a DRAFT. A draft comes with strings attached and they can be near impossible to fund.
I do have to chuckle about buying a car on the last day of the month being the way to save the most money. Dealers will often tell you things that encourage that myth such as..." Hey, it's the last day of the month and we are three cars short of making a bonus"!
Sometimes that's true but usually not.
Again, when you see an interest rate that is way below what other lenders are charging you should really be paying attention.
No free lunch....ever!
Good Luck!
EDIT: Read the Yelp reviews on Pen Fed and other review sites.