[cdcruizer05]

I am totally in love with Saturn Outlook and i am convinced their is no better CUV or SUV out there. Glad i found this place, right now i am just starting out on my credit building journey so that brings me to this question. To all of you that have bought New Outlooks, do you mind sharing what type of credit you had when you were financed through GMAC. Like what were your scores? I called GMAC they told me that i need to have my scores in the 700's before they would finance me. I dont have bad credit just limited! Thanks Guys.

So jealous of all you Outlook owners! LOL!

Currently drive a gas guzzling 02 Mercury Mountaineer! :-\

 

[admin]

Generally, I believe 680 seems to be the starting point for tier 1 credit, where most lenders would give you fairly good rates. Ours were both in the lower-mid 700s after years of work to get it there. But we financed through Pentagon Federal credit union, so not sure about GMAC. Check out www.bankrate.com to get a good idea of what you can expect from lenders for your credit score and to compare rates in your area

 

[tev9999]

Be careful if you are looking at FAKO scores from the three-in-one or other online services. They may or may not represent your actual FICO that GMAC will look at. Right now True Credit says my FAKO Experian score is 640, while Credit Secure says it is 747. They often make no sense and are really only useful when it changes to trigger you to dig deeper into your report to see why.

I would also recommend creditboards.com. There are people there with all levels of FICO score and there is probably already an analysis of GMAC's lending pattern.

I financed an Outlook XR with them this week. To get the extra $1000 conquest (loyalty?) rebate they jacked my rate from 5.5% to 9.25%! I had to finance through GMAC to get the rebate. I was planning on paying it off immediately anyway, but be careful when looking at the true cost of rebates if you are sticking with GMAC.