Credit rating Tier
05-25-2015, 04:18 AM
#1
AudiWorld Member
Thread Starter
Credit rating Tier
Does anyone know what is the credit score range for Tier A credit worthiness and the Tier B.
I appreciate for your feedback.
I appreciate for your feedback.
05-25-2015, 05:50 AM
#2
AudiWorld Super User
Each lending/lease company has their own criteria so there is no hard and fast rule. Plus, they don't disclose how they ascertain creditworthiness. You can get an idea of where you stand by reviewing your credit score and how it falls into ranges. Creditkarma.com is a free credit score website - no credit card needed..
05-25-2015, 06:17 AM
#4
AudiWorld Super User
05-25-2015, 07:16 AM
#5
Good point, snagit.
I could pay cash for my cars but I generally lease or if buying take out a loan. There is an opportunity cost associated with paying cash on a $60K+ item that depreciates; hopefully one can make more than the 2-3% auto loans are these days.
I see a car like anything else I “use”, like electric service, taxes, etc. A set monthly amount and just pay it as you use it. The damned things depreciate no matter how nice they are or how well you maintain them: they are not in the same “investment” category as a home or a piece of real property in the mountains.
I also lease so I am forcing myself to get rid of the current one and get a new car every few years before the old one becomes dated or a maintenance headache. I have not had a leased car over the years that I really missed once I turned it in. Variety is great. I loved watching David Letterman, but now that he is gone I will not miss him or lament not seeing new shows from him. Keep moving in life! There’s plenty new out there that’s good and fun.
I could pay cash for my cars but I generally lease or if buying take out a loan. There is an opportunity cost associated with paying cash on a $60K+ item that depreciates; hopefully one can make more than the 2-3% auto loans are these days.
I see a car like anything else I “use”, like electric service, taxes, etc. A set monthly amount and just pay it as you use it. The damned things depreciate no matter how nice they are or how well you maintain them: they are not in the same “investment” category as a home or a piece of real property in the mountains.
I also lease so I am forcing myself to get rid of the current one and get a new car every few years before the old one becomes dated or a maintenance headache. I have not had a leased car over the years that I really missed once I turned it in. Variety is great. I loved watching David Letterman, but now that he is gone I will not miss him or lament not seeing new shows from him. Keep moving in life! There’s plenty new out there that’s good and fun.
05-26-2015, 06:34 AM
#6
AudiWorld Member
I've heard 680 for A grade with a "car credit report" which I understand to be a bit looser than a "mortgage credit report" for what its worth. You can also finance through credit unions which also can be more aggressive too.
And some big brother advise: Please don't stretch your budget to buy a car, its really tough to get ahead financially doing that.
And some big brother advise: Please don't stretch your budget to buy a car, its really tough to get ahead financially doing that.
05-26-2015, 10:27 AM
#7
AudiWorld Super User
bravo, you've started several threads asking about credit, leasing, etc., some of which indicate you apparently need some help and guidance. Perhaps instead of asking questions in various threads in the discussion forums, you would be better served to get a friend or family member with car buying/leasing knowledge with the experience necessary to assist you in person with your car purchase/lease. Here you will get all kinds of advice, some accurate, some not so much, but no one can provide the overall assistance that you apparently need. That's the best advice I would give you.
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06-01-2015, 01:36 PM
#8
AudiWorld Member
Thread Starter
Good point, snagit.
I could pay cash for my cars but I generally lease or if buying take out a loan. There is an opportunity cost associated with paying cash on a $60K+ item that depreciates; hopefully one can make more than the 2-3% auto loans are these days.
I see a car like anything else I “use”, like electric service, taxes, etc. A set monthly amount and just pay it as you use it. The damned things depreciate no matter how nice they are or how well you maintain them: they are not in the same “investment” category as a home or a piece of real property in the mountains.
I also lease so I am forcing myself to get rid of the current one and get a new car every few years before the old one becomes dated or a maintenance headache. I have not had a leased car over the years that I really missed once I turned it in. Variety is great. I loved watching David Letterman, but now that he is gone I will not miss him or lament not seeing new shows from him. Keep moving in life! There’s plenty new out there that’s good and fun.
I could pay cash for my cars but I generally lease or if buying take out a loan. There is an opportunity cost associated with paying cash on a $60K+ item that depreciates; hopefully one can make more than the 2-3% auto loans are these days.
I see a car like anything else I “use”, like electric service, taxes, etc. A set monthly amount and just pay it as you use it. The damned things depreciate no matter how nice they are or how well you maintain them: they are not in the same “investment” category as a home or a piece of real property in the mountains.
I also lease so I am forcing myself to get rid of the current one and get a new car every few years before the old one becomes dated or a maintenance headache. I have not had a leased car over the years that I really missed once I turned it in. Variety is great. I loved watching David Letterman, but now that he is gone I will not miss him or lament not seeing new shows from him. Keep moving in life! There’s plenty new out there that’s good and fun.
Also like you mentioned after a few years the car will start asking for parts and that becomes a headache. I rather lease for 2-3 yrs and turn it in for another Audi move on from one Audi to the next Audi.
I no longer have a garage or a parking lot where i can do the repairs.
Otherwise, would be at best to apply for a loan with low rates and and pay a l;ow monthly payment or pay for half the value of the vehicle to save on taxes. Either way will suffice.
06-01-2015, 01:40 PM
#9
AudiWorld Member
Thread Starter
bravo, you've started several threads asking about credit, leasing, etc., some of which indicate you apparently need some help and guidance. Perhaps instead of asking questions in various threads in the discussion forums, you would be better served to get a friend or family member with car buying/leasing knowledge with the experience necessary to assist you in person with your car purchase/lease. Here you will get all kinds of advice, some accurate, some not so much, but no one can provide the overall assistance that you apparently need. That's the best advice I would give you.
I mean is just a very simple question. Audi Financial asks for Tier A.
Tier A range from what? Thats the only question i have.
06-01-2015, 06:25 PM
#10
AudiWorld Super User
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