Crazy car journey

Question

So,  with really bad credit in 2012 I financed a vehicle at 24.9% interest (a 6K vehicle). Made every payment paid it off at term.  This year, all the old baddies are falling off, decide to work with a credit union and see what kind of car loan I can get.  8%, 90% LTV, 20K 5 years. Ok, I can work with that, we can get a good reliable used car, and when my credit continues to improve maybe even refi.  So I walk into a local ford dealership to check out some cars on the site. They tell me "Hey, x credit union does our payroll and we run a million loans through them, give me your info and we will call and see if we can shave a couple points off" I say "Hey, I don't want any more hard inquiries, they already have my full credit profile" He says (of course) "No problem".  Sitting there for 5 minutes, what pops up on my phone? Transunion new inquiry!  I stalk the salesman into the finance woman's office, shove my phone in his face and go "WHAT DID I JUST TELL YOU?" I *ahem* politely let the finance person know that I want the inquiry removed, I have preapproved financing and I don't want any more finance applications. I MAY have scared her a little bit, and she begins apologizing profusely. That was unexpected because car finance people are generally the biggest pricks around in my experience. So I sit down and talk to her a bit. She says with my profile I'm tier 2 for Ford credit.  Well, today I am the proud owner of a brand new 2016 Escape with the options I wanted, no money down, a good fair price, and get ready for this.  1.9% interest on a 60 month term.  I have to take back what I've said about car finance people, they aren't ALL liars and crooks. She said "If you let me I will get you this" and she got it. There was 1 more inquiry from Ford, and nothing else from anyone else, no app shotgunning, no pressure tactics, no extra fees (Tax, Title, Doc fee which is 250 in my state). Clear final price for the vehicle, clear financing, and the lowest interest rate I've ever paid for anything, anywhere.  A crazy 24 hours after spending weeks looking for the right used vehicle. I again thank myFico forums for all the education I've gained here, my journey just keeps going up, and a house is next in about 2 years.  

Answer 1

hanales wrote:
ezdriver wrote:
How did the sales person pull your report without your permission or ss#? If you gave all that info to the salesperson, they why were you surprised to see the inquiry? I'm glad that it worked out for you and congratulations on that nice new car.Oh no I gave him my information, completely my fault. I told him again and again not to pull my credit and he swore he wasn't going to, that he needed all my info to send off to the credit union.  As said upthread, 2 inquiries is nothing when car shopping, my prior bad experiences with dealers is what made me freak out. I remember at like 21 going to trade a car in, the salesman told me I could just turn the car in to the bank, as a voluntary turn in was different from a repo, and it didn't hurt your credit (I believed him, like the idiot I was at the time).  Then a few months ago we needed a car as our one car died, so I checked one dealer out, who then proceeded to tell me that stuff doesn't fall off your credit ever, so I'd better take their deal right now because it won't get any better. Left and bought something old and used for cash to get through the next few months. In the meantime they had shopped my credit to !!14!! different banks. It had made me wary to say the least.  Now we finally have 2 cars. My partner has been suffering for the last 7 years with us having only one car, which is difficult when you have an small child, I commute far to work, and we live in places without much for public transportation. So I added her to the loan after I was approved, put the title in her name, handed her the keys and said thank you for being amazing.   Great news...good for you.....Congrats.............Enjoy !!!!!!!!!!!!