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Member
locolady
Posts: 7
Registered: ‎04-15-2011
0

Re: Auto Loan Approvals!

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

BK7 Filed 10/25/2010 Discharged 03/07/2011
Starting Score: 10/26/2010 EQ 475 10/26/2010 TU 498
Current Score: 6/12/2012 EQ 643 4/12/2011 TU 649
8/27/2011 Exp/Vantage 622
MyFico 654 8/27/2012
Goal Score: EQ 700 TU 700
Member
Steppinup
Posts: 9
Registered: ‎03-22-2010
0

Re: Auto Loan Approvals!

[ Edited ]
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).



New Member
FreshStart24
Posts: 1
Registered: ‎10-10-2011
0

Re: Auto Loan Approvals!

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!



Established Contributor
guydiver
Posts: 576
Registered: ‎08-30-2007
0

Re: Auto Loan Approvals!


Steppinup 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.

MyFICO Forums ROCK!! & . Been There, Done That. Never Going Back! Goal>>>> 760 all 3.

Starting Score: 1/05 upper 500's??Current Score: FICO: EQ 730ish, TU 748(Barclay), EX 738(CS) Goal Score: .....800 IS ON MY BUCKET LIST! New DCU Member! .:smileyvery-happy:
In My Wallet: CU Visa 15K, Sam's Club 10K, Lowe's 15K, Cabela's Siggy Visa 11.5K,Travelocity AEX 18.9K
Frequent Contributor
JagerBombs89
Posts: 405
Registered: ‎09-13-2009
0

Re: Auto Loan Approvals!

[ Edited ]
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.  
Frequent Contributor
Mekitcat
Posts: 260
Registered: ‎06-23-2011
0

Re: Auto Loan Approvals!

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!!


Starting Score:4/5/11 TU 660 fico, EQ 634 fico, EX 647 (Credit Inform)
Current Score:07/04/12 Myfico TU 690 Walmart fico 702, EQ 660 fico 07/05/12, EX fico 689 06/03/2012 (Amex)
Goal Score: 750+


Regular Contributor
RussianPassion
Posts: 168
Registered: ‎08-03-2011
0

Re: Auto Loan Approvals!

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.
Valued Member
BrownSugah66
Posts: 43
Registered: ‎07-17-2011
0

Re: Auto Loan Approvals!

[ Edited ]
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.

Starting Score: 07/17/11 EQ FICO 616 TU FICO 619
Current Score: 09/27/11 EQ FICO 655 TU FICO 673
Goal Score: EQ FICO 700 TU FICO 700


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New Member
primal01
Posts: 1
Registered: ‎10-15-2011
0

Re: Auto Loan Approvals!

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
Member
jfaltus1
Posts: 11
Registered: ‎08-11-2011
0

Re: Auto Loan Approvals!

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.


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