Pre-approved car financing certificate

[DnetMHZ]

I have a little less than a year left on my car payment.
Yesterday I get this certificate in the mail from my finance company
that says I've been pre-approved to lease or finance any new or Certified pre-owned vehicle
up to a payment of 15% of my monthly salary.

There isn't a snowball's chance in hell I'm buying a new car from them, but I though it was a pretty good plan to lure return customers/victims.

Anybody else get one of these?

 

[CrackRabbit]

Ive gotten them before. I think everyone has.
Just a gimmick to get you into the dealership.

 

[RossMAN]

I get these all the time even before we bought our first new car.

The timing is suspicious though since your car loan is almost paid off.

 

[woowoo]

It's called "Junk mail"
How old are you.......?

 

[radioouman]

15% * $4000 = $600.

I'll bet that financing would be based completely on your income... but the interest rate would be based on your credit history.

 

[DnetMHZ]

Originally posted by: woowoo
It's called "Junk mail"
How old are you.......?

I wasn't just a random mailing. I would have tossed that right away. It was from MY finance company, and thanked me for financing my current car.

 

[xSauronx]

Originally posted by: RossMAN
I get these all the time even before we bought our first new car.

The timing is suspicious though since your car loan is almost paid off.

my dad used to work at a ford dealership

said they loved getting people in with just a year or so left on their lease, it was easy to get such customers to rebuy when their lease was up so soon, though i dont remember why he said that was.