hsbc results

[Sickthing]

approved today for.....

Rate (Used Vehicle):** Annual Percentage Rate (APR) of 15.69%
Rate (New Vehicle):** Annual Percentage Rate (APR) of 13.99%
Maximum Term:** 60 Months
Approved Loan Amount:** Up to $20,609
Approved Monthly Payment:** Up to $498.75
Credit Approval Valid Until: 10/25/2006

*Conditions of your credit approval:
* Downpayment of $1000 or 10% of the purchase price of your vehicle, whichever is less, payable to the seller.
* Valid only for eligible vehicles purchased through a closed eBay transaction or from a licensed, franchised dealer. An HSBC Credit Officer can review vehicle eligibility with you.
* Must meet loan-to-value (LTV) requirements, which an HSBC Credit Officer can explain.
* Final approval is contingent upon verification of all information provided by you on the credit application and the down payment, compliance with our loan advance guidelines, receipt of all required documentation, and confirmation of vehicle and seller eligibility.
*The car or truck must be 1999 or newer, be for personal use only, have 80,000 miles or less, and meet all of HSBC’s requirements. It can not be a salvaged or branded title, gray market, lemon law buyback, conversion van, or flood or frame damaged.

**IMPORTANT INFORMATION about the term and approved loan amount: You may be eligible for a 72-month term. A change to the term may change your app roved loan amount, rate, and/ or approved monthly payment. Maximum mileage is based on your term. The maximum mileage for corresponding loan terms is listed in the grid below. An Account Executive can explain your options.

Term Mileage
72 50,000
66 50,000
60 60,000
54 65,000
48 70,000
36 80,000
24 80,000

***Should the transaction occur on eBay, eBay Buyers and Sellers that are suspended, are not registered, or have net negative or private feedback are not eligible.

i've heard some shady things about hsbc auto, so i'm not sure if i want to go with them. my current vehicle is at 16% i believe and i have $12,700 left on it. it's iib so i can turn it in at any time. we also have the ford 0% in our area, but the price of new trucks is way out of my range.

[lrprn]

Originally Posted by Sickthing

approved today for.....
[edit]
i've heard some shady things about hsbc auto, so i'm not sure if i want to go with them. my current vehicle is at 16% i believe and i have $12,700 left on it. it's iib so i can turn it in at any time. we also have the ford 0% in our area, but the price of new trucks is way out of my range.

Suggest you read these tales of horrible HSBC loan woes from real consumers who did sign with them before proceeding any further - http://www.consumeraffairs.com/finance/household.html

Signer beware! HBSC does not sound like a company to do business with, especially just emerging from bk.

[Sickthing]

you just helped to confirm what i've heard about them. maybe i'll have better luck applying in-store with ford to qualify for a used vehicle.