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Approval

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simplegirl
Valued Contributor

Approval

APPROVING BANK: NFCU
BUREAU PULLED: Transunion & Equifax
CREDIT SCORE: 611 Equifax 639 Transunion On MYFico 
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Mazda
MODEL: Mazda6 GT
MILEAGE: 26
RETAIL/LEASE: Retail Finance
AMOUNT OF LOAN: Approved for 34760 but used 33448
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 11.09%
MONTHLY PAYMENT: 639
ANNUAL INCOME: 
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: I had to go to 3 dealerships before we got to people that weren't complete a holes. Plus the last dealership actually had the exact car I wanted so win win.








Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
5 REPLIES 5
Appleman
Valued Contributor

Re: Approval

Congrats on your new car. Now you need to work on getting that score a bit higher. 

 

I know that PenFed will let you finance a one year old card within the first 12 months at the new car rate.

In one year if your score improved enough you could end up at 1.99% (or whatever the current new car rate at the time will be) for 60 months.

 

Always good to have goals!

 

Did you happen to buy a service contract (warranty) or any other dealer add ons?

 

Message 2 of 6
simplegirl
Valued Contributor

Re: Approval

That's good because I was gonna refinance within a year with them. I haven't purchased the car yet and my scores are going to change after my cards new balances report.







Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
Message 3 of 6
GalaxyStars
Regular Contributor

Re: Approval

Good approval.

I was approved for a Mazda 6 about 2 months with an interest rate of 6%. I late refianced via pendfed and got a reduced apr to 2.98%.

Was this a Mazda 6 Grand Touring?
Message 4 of 6
simplegirl
Valued Contributor

Re: Approval


@GalaxyStars wrote:
Good approval.

I was approved for a Mazda 6 about 2 months with an interest rate of 6%. I late refianced via pendfed and got a reduced apr to 2.98%.

Was this a Mazda 6 Grand Touring?

Yes with the premium package, mobile start, and rear parking sensors. How long before you refinanced?








Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


Take the myFICO Fitness Challenge





Goals:

Get First Home in Summer 2025
Message 5 of 6
GalaxyStars
Regular Contributor

Re: Approval

I refinanced about a month later.

Penfed made it pretty easy, applied and approved after sending check stubs. And I had my check in the mail in about 3 days later and then paid of Chase Capital as they were the approving lender.

Credit scores at the time ranged from 700 to 750.

I wanted the Grand Touring but ended up getting the Touring model "mid model", I did get Soul Red, its a beauty.

Message 6 of 6
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