Hard credit pull when ordering

[FordDiehard]

I was curious if many of you are finding that dealers are insisting to run your credit when you order? Although I have pretty good credit, I don't like the idea of an extra "ding" on my credit report when they will definitely have to do it again when my vehicle shows up 8 months to a year later. Tim Bartz told me Long McArthur does not pull the customer's credit when ordering. I have no idea how long it would take to recover from the ding to get back to where it was beforehand.

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[skadizzle]

I have not had that happen yet. I would also run the other direction if your dealer is telling you this now. The only thing I can see is maybe they want to make sure you are going to buy it so it doesn't get dinged on them, but still wouldn't do it.

 

[BILLNOROVILLE]

I have been retired 5 years, so my income is pretty low, but I knew my credit score was 840 before I went in with my 500.00 check to give them when I ordered. Two weeks later I saw where the 1.9 finance rate was ending so I asked my salesman if he could lock that in for me. He called me the next day, said I was locked in for the 1.9 financing and to my surprise he then gave me a Vin number and a production date. Got my truck in 97 days. Sold my 2016 Volt before it arrived to Carvana and used the 17k as my down payment. Best salesman I ever delt with.

If you have great credit, don't worry about it.


update to this; I don't know when they pulled a soft or hard credit report but I imagine it was a hard one when I picked up my truck and signed all the papers. I guess I'm not much risk living in the same house I bought in 1972.

 

[kcamp317]

Ive not heard of that. All I had to do when ordering was show them my license, give them a $500 refundable deposit, and sign the order sheet. No credit pulled. I don't see any reason to do so until you try to finance the vehicle through them. I mean what if you weren't using FMC for the loan? Some folks use their own credit union or bank or pay cash.

 

[Harleystreetbob]

When I ordered mine they did a credit check and locked in my rate

 

[MLowe05]

No. Find another dealer.

 

[gte105u]

I could see a soft pull to check in general. Hard pull shouldn't be necessary until time to finance. Very strange indeed.

 

[jsus]

Auto loan pre-approvals are typically only valid for 30-60 days, so it makes no sense to do that and rack up a hard pull months before the vehicle is built, as opposed to when it is on the lot in front of you and you're ready to buy it.

 

[Whitenight]

I have no idea how long it would take to recover from the ding to get back to where it was beforehand.

A hard check stays on your credit report for two years.

 

[Maverick2023]

don't they need your social to pull a credit report?

 

[MLowe05]

don't they need your social to pull a credit report?

Yes.

 

[New2AZ]

I was told there'd be a soft credit check when I did my deposit and order. Moments later a had a Credit Karma alert letting me know there was a real credit check.
I was a little irked but brushed it off. Those dings don't last forever and I didn't plan on doing anything else that would require a credit check in the near future.
This situation could have definitely angered someone in a different position though

 

[NJBob]

What's the difference between a hard and soft credit check? My dealer told me they would check it. Don't recall if I had to give my social or not. Maybe this could be an argument to lock in the financing at that time. I told the dealer I was not sure if I was going to use Ford credit.

 

[MLowe05]

What's the difference between a hard and soft credit check? My dealer told me they would check it. Don't recall if I had to give my social or not. Maybe this could be an argument to lock in the financing at that time. I told the dealer I was not sure if I was going to use Ford credit.

No ding to your credit for a soft pull. Those can be done without SSN but I've found most of the time even for soft pull they will ask for it.

 

[Scott Asheville]

I maintain a credit freeze for financial security. So I have an instant answer to anybody who asks me to frivolously check my credit. "No, I maintain a credit freeze and I'm not going through the annoyance of lifting it for you unless we're actually applying for a loan.".

Mind you, a credit freeze can be a PITA now and then. A lot of online sites you'd never expect use credit checks on you. A credit freeze will block fraudsters from opening new lines of credit using your identity. But it won't block them from hijacking your existing credit. Oh, it will also stop most the credit offer junk mail you receive, by law.

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