Auto Loan Approvals!

[locolady]

RETAIL/LEASE: 108k
AMOUNT OF LOAN: 73000
TERM CONTRACTED: 72
APR/LEASE RATE: 5.79
MONTHLY PAYMENT: 1170

ANNUAL INCOME: 135k
MISCELLANEOUS COMMENTARY.put down 38k on credit card and did not have to show anyproof of inco

What did I get wrong car loan 108k car -38k down payment on a credit card                     payment 73k @1170 a month

[Anonymous]

APPROVING BANK:Honda
BUREAU PULLED: Not certain
CREDIT SCORE: mine eq 672 tu 646 his eq 602 tu 593

CUSTOMER STATE OF RESIDENCE:GA
NEW/USED: New
YEAR OF VEHICLE:2011

MAKE:Honda

MODEL:CRV EXL
MILEAGE:400
RETAIL/LEASE:Retail
AMOUNT OF LOAN:19,712.60
TERM CONTRACTED:60 months (plan on paying off early but 60months just in case)
APR/LEASE RATE:1.9
MONTHLY PAYMENT:344.66

ANNUAL INCOME:58,000
MISCELLANEOUS COMMENTARY:  Price includes a 8k downpayment.  Glad that we got the 1.9 apr.

Also forgot to mention we were also approved through navy federal for like 6.79% apr for 17,500 (amount requested).

[FreshStart24]

APPROVING BANK: Capital One Auto Finance
BUREAU PULLED:TU
CREDIT SCORE:526
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED:Used
YEAR OF VEHICLE:2010

MAKE: Mitsubishi

MODEL: Galant
MILEAGE: 41,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $13,600
TERM CONTRACTED:60 Months
APR/LEASE RATE: 12.81%
MONTHLY PAYMENT: $309

ANNUAL INCOME: $50,000
MISCELLANEOUS COMMENTARY: Got approved for Capital One Blank Check loan 3 days after Chapter 7 bankruptcy discharge! Approved with 110% LTV, and was able to buy from any franchised dealership or car rental agency. Cap One uses NADA "clean trade-in' value to determine LTV. I found a great deal through the Hertz rent 2 buy program, buying my car for $4,500 less than retail value. Because of this I was well within LTV guidelines, and was able to include tax/tags/title/reg fees in my loan....Total down payment $0!!! Also, Hertz included the balance of the factory warranty! I thought that I was hopeless for a car loan with my recent BK, and terrible credit scores, but after reading this forum, I decided to try an application for auto financing....so glad I did. Great forum! Great information!

[guydiver]

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@Anonymous wrote:

APPROVING BANK:Honda
BUREAU PULLED: Not certain
CREDIT SCORE: mine 640/650 his 570/580
CUSTOMER STATE OF RESIDENCE:
NEW/USED: New
YEAR OF VEHICLE:2011

MAKE:Honda

MODEL:CRV EXL
MILEAGE:
RETAIL/LEASE:Retail
AMOUNT OF LOAN:19,712.60
TERM CONTRACTED:60 months
APR/LEASE RATE:1.9
MONTHLY PAYMENT:344.66

ANNUAL INCOME:58,000
MISCELLANEOUS COMMENTARY:  Price includes a 8k downpayment.  Glad that we got the 1.9 apr.

---

Nice job and congrats on the new car.  Synthetic oil and 5000 mile oil changes, that thing will last forever.

[JagerBombs89]

APPROVING BANK:  NMAC
BUREAU PULLED:  Transunion
CREDIT SCORE:  756 (pulled by NMAC, Auto Enhanced?)
CUSTOMER STATE OF RESIDENCE:  TX
NEW/USED:  New
YEAR OF VEHICLE:  2012

MAKE:  Nissan

MODEL:  Altima SL
MILEAGE:  4
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $17,697
TERM CONTRACTED:  48 Months
APR/LEASE RATE:  3.89%
MONTHLY PAYMENT:  $399

ANNUAL INCOME:  $45K
MISCELLANEOUS COMMENTARY:  Purchase price: $25,500 OTD.  $3k trade in and $7k down payment.  

[Mekitcat]

APPROVING BANK: American Southwest CU
BUREAU PULLED: TU, EX, and EQ
CREDIT SCORE: 715 auto enhanced
CUSTOMER STATE OF RESIDENCE: AZ
NEW/USED: Used
YEAR OF VEHICLE: 2003

MAKE: Chevy

MODEL: Monte Carlo
MILEAGE: 79,488
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 8,665.76
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.49%
MONTHLY PAYMENT: $157.83

ANNUAL INCOME: 38,000
MISCELLANEOUS COMMENTARY: The apr was the highest tier grade ("A" credit). The car may not be brand new but it's in really good condition! And I'm happy!!

[RussianPassion]

10/13/2011

APPROVING BANK: Chase
BUREAU PULLED: TU
CREDIT SCORE: 724 TU Auto Enchanced 696 myFICO
CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: SUBARU

MODEL: WRX STi Hatch
MILEAGE: 0
RETAIL/LEASE: 36,000
AMOUNT OF LOAN: 35,500
TERM CONTRACTED: 72
APR/LEASE RATE: 3.90
MONTHLY PAYMENT: 550

ANNUAL INCOME: 60,000
MISCELLANEOUS COMMENTARY

Only one open account - Capital One Card with 300 limit. Got OLD public record/judgement for 1600 from 4 years ago still on. NO credit activity for the past 4 years other than the 300CL card.

[RussianPassion]

APPROVING BANK: Chase
BUREAU PULLED: TU
CREDIT SCORE: 724 TU Auto Enchanced 696 myFICO
CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: SUBARU

MODEL: WRX STi Hatch
MILEAGE: 0
RETAIL/LEASE: 36,000
AMOUNT OF LOAN: 35,500
TERM CONTRACTED: 72
APR/LEASE RATE: 3.90
MONTHLY PAYMENT: 550

ANNUAL INCOME: 60,000
MISCELLANEOUS COMMENTARY

Only one open account - Capital One Card with 300 limit. Got OLD public record/judgement for 1600 from 4 years ago still on. NO credit activity for the past 4 years other than the 300CL card.

[BrownSugah66]

APPROVING BANK: CapitalOne Auto Financing (Blank Check)
BUREAU PULLED:EX
CREDIT SCORE:576 (auto-enhanced)
CUSTOMER STATE OF RESIDENCE:
NEW/USED: New
YEAR OF VEHICLE: 2012

MAKE: Hyundai

MODEL: Sonata Limited
MILEAGE: 47
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $29,000.00
TERM CONTRACTED: 72
APR/LEASE RATE: 10.5%
MONTHLY PAYMENT:

ANNUAL INCOME: $72k
MISCELLANEOUS COMMENTARY:  Having a blank check approval from CapitalOne gave me the negotiating power I needed.  For me, it eliminated the most stressful part of the car buying process (financing). I got a beautiful new Sonata at the price I wanted!! I only wish I had applied through CapitalOne before having 11 other credit inquiries hit my credit reports.

[Anonymous]

APPROVING BANK: CapitalOne Auto
BUREAU PULLED:Equifax
CREDIT SCORE: 498

CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEH ICLE: 2007

MAKE:Chysler

MODEL: Aspen
MILEAGE: 63,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $14,462.01
TERM CONTRACTED: 72
APR/LEASE RATE: 16%
MONTHLY PAYMENT: 316.01

ANNUAL INCOME: $24,000.00
MISCELLANEOUS COMMENTARY: Family growing and need a bigger suv, wife applied to capital one and to our surprise was approve for the term above. Rate is little high but she is still working to rebuilt credit

[Anonymous]

BANK:BB&T
BUREAU PULLED:Equifax
CREDIT SCORE: EQ 678 (EQ 704 Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: IN (Purchased car in South Carolina)
NEW/USED:NEW
YEAR OF VEHICLE: 2012

MAKE:VOLVO

MODELS60 T5:
MILEAGE:3 miles
RETAIL/LEASE:Retail
AMOUNT OF LOAN:36k (Includes tax, title and tag)
TERM CONTRACTED:66 months
APR/LEASE RATE:5%
MONTHLY PAYMENT:$630

ANNUAL INCOME:$80K
MISCELLANEOUS COMMENTARY:

Financed 100% of car... Credit report showing no previous auto history, always paid cash for cars... So I was unable to get lower than 5%. Cap one online check approved me for 30K and 10.5% (no thanks) . Overall very happy with my purchase.