Auto Loan Approvals!

[boogiesaveslives]

APPROVING BANK: Ford Motor credit
BUREAU PULLED: All 3, used Experian
CREDIT SCORE: 660 EQ, 623 EX, 647 TU
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2009

MAKE: Ford

MODEL: Edge SEL, CPO
MILEAGE: 42,000
RETAIL/LEASE: 21,800 (asking 22,892)

DOWN PAYMENT: 3,000
AMOUNT OF LOAN: 19,053
TERM CONTRACTED: 72
APR/LEASE RATE: 8.99
MONTHLY PAYMENT: 345

ANNUAL INCOME: 54,000

MISCELLANEOUS COMMENTARY:  Approved for Cap One Blank check for 9.41% for 72 months, waiting to hear back from Lockheed Federal Credit Union to see if they can beat it.  LFCU is def my preference.  I was really bummed that they had to use my lowest score, EX, I wonder if that's true...

I was going to wait another month until I paid down my cc's, but it just so happened that I came across a blue Edge SEL, which is quite rare, so I went ahead and pulled the trigger!  Got a good $2K below KBB, CPO, free oil changes for 2 years and they gave me a good $1000 above value on my trade.  I feel very happy about my deal!  Had my previous car for 13 yrs, so nice to finally upgrade!

[shortcut]

APPROVING BANK: Anderson Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: Equifax 542 - TransUnion 502 (Equifax was 569 before all of the inquiries from Auto Lenders hit)
CUSTOMER STATE OF RESIDENCE: South Carolina
NEW/USED: Used
YEAR OF VEHICLE: 2010

MAKE: Ford

MODEL: Explorer Eddie Bauer 4WD
MILEAGE: 29,000
RETAIL/LEASE: 22,988
AMOUNT OF LOAN: $16,911
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 12.0 %
MONTHLY PAYMENT: 379

ANNUAL INCOME: 140,000
MISCELLANEOUS COMMENTARY: The dealership had me approved with Santander for 22 %, $475/M for 72 months.  I said no thank you!  I certainly did not think that I would be able to obtain an auto loan during the credit rebuilding process, but the amount of money on deposit with the credit union and my income definitely helped.

[TVP125]

APPROVING BANK: Hyundai Motor Finance

BUREAU PULLED: Equifax 
CREDIT SCORE: 560
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2012

MAKE: Hyundai

MODEL: Accent GS
MILEAGE: 9
RETAIL/LEASE: $16,200.00 + $7,000 Negative on Trade

DOWN PAYMENT: $8,000
AMOUNT OF LOAN: $19,350
TERM CONTRACTED: 72
APR/LEASE RATE: 8.2%
MONTHLY PAYMENT: 350 (Including GAP and Maintenance Plan + Extended Warranty) 

ANNUAL INCOME: $30,000

MISCELLANEOUS COMMENTARY: First time buying a car without a co-signer (only 23) But I do have 4 years of perfect auto loan history from my past 2 cars.. 4 charged off credit cards from when I was 18 is what brings my score down.  

[sweetest_pea]

Yayyy:

APPROVING BANK: Mazda/Chase Auto Finance
BUREAU PULLED: TU - 689 
CREDIT SCORE: MyFico TU 689
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: NEW 2013

RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30,000 - 10,000 down
TERM CONTRACTED: 60
APR/LEASE RATE: 2.9% Special APR for new vehicles
MONTHLY PAYMENT: ?? not sure yet

MISCELLANEOUS COMMENTARY:  

I was initially pre-approved with the below banks directly.  Luckily I was patient and waited a week or two that my credit score is a bit higher   I have no morgage or any auto loan on my CR, just history of credit cards with no balance at the moment and a settled collection debt.  Soooo happy got approved with a reasonable APR.  I'm sure the down amount helped a lot too.  Just waiting for the car to arrive from manufacturer to dealer since it's a 2013 model from Mazda.

1.

APPROVING BANK: Capital One
BUREAU PULLED: IDK
CREDIT SCORE: All FICO - TU 654 EQ 656 EX 610
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: NEW

RETAIL/LEASE: 30,000 - requested amount
AMOUNT OF LOAN: 27,400 - instant online approval
TERM CONTRACTED: 60
APR/LEASE RATE: 10.30%
MONTHLY PAYMENT: $566

2.

APPROVING BANK: Chase Bank
BUREAU PULLED: IDK
CREDIT SCORE: All FICO - TU 654 EQ 656 EX 610
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: NEW

RETAIL/LEASE: 34,000 - requested amount
AMOUNT OF LOAN: 15,000 - online approval
TERM CONTRACTED: 60
APR/LEASE RATE: 3.97% - current chase customer discount
MONTHLY PAYMENT: $266

ANNUAL INCOME: 45,000 (does not include annual bonuses)

[happy0510]

APPROVING BANK: Toyota Motor Finance

BUREAU PULLED: All 3

CREDIT SCORE: Hubby: 716EQ/712TU/719EX Me: 651EQ/666TU/639EX

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New
YEAR OF VEHICLE: 2012

MAKE: Toyota

MODEL: Camry SE

MILEAGE: 2
RETAIL/LEASE: LEASE

DOWN PAYMENT: $0 (only first month pmt)

AMOUNT OF LOAN: $24kish (I know we will be offered to buy for 14K at the end of the lease)

TERM CONTRACTED: 36
APR/LEASE RATE: 0.9%
MONTHLY PAYMENT: 325

ANNUAL INCOME: 110K

MISCELLANEOUS COMMENTARY: We got offered $229 MO w/1999 down or $325 MO/zero down.  We wanted to use to 2K to eliminate a 2K balance on an installment of $435, so we are happy!  I have now come full circle on my credit file.  This is my first auto loan, my hubby's 7th or so.  I only needed an auto loan to have everything.  Very happy with the terms!!! And Car..Very nice car!! 

[amkari]

APPROVING BANK:  Wells Fargo
BUREAU PULLED:  EQ
CREDIT SCORE:  593
CUSTOMER STATE OF RESIDENCE:  MT
NEW/USED:  used
YEAR OF VEHICLE:   2008

MAKE:  Subaru

MODEL:  Impreza
MILEAGE:  14500
RETAIL/LEASE:  $19000
AMOUNT OF LOAN:  $14500
TERM CONTRACTED:  66 mo
APR/LEASE RATE:  13.99
MONTHLY PAYMENT:  $309

ANNUAL INCOME:  approx $29000
MISCELLANEOUS COMMENTARY:  Walked away - decided car wasn't worth the interest rate

APPROVING BANK:  Capital One Blank Check

BUREAU PULLED:  IDK
CREDIT SCORE:  IDK

CUSTOMER STATE OF RESIDENCE:  MT
NEW/USED:  Hopefully new

YEAR OF VEHICLE:   2011 or 2012

MAKE:  Haven't decided yet

MODEL:  Haven't decided yet

MILEAGE: 

RETAIL/LEASE: 

AMOUNT OF LOAN:  $19000

TERM CONTRACTED:   72 mo
APR/LEASE RATE:  14%
MONTHLY PAYMENT:  $389

ANNUAL INCOME:  approx $29000
MISCELLANEOUS COMMENTARY:  Haven't decided to use yet.  I really need a new car rather than sink another $2300 into my 2004 SportTrac.  Especially with an 80 mi round trip commute daily.  Although... 4x4 or AWD is pretty much mandatory unless I go with a 40mpg FWD commuter, fix the truck for icy winter driving, and have them both.  I want a Subaru Outback but would have to borrow most of the down from my parents to pull it off. 

I've improved 150 pts in the last 2 yrs...  haven't budged in 3 or 4 months though.  All I show is CCs - some derog, some current.  My previous vehicle and mortgage loans fell off about 5 yrs ago so I basically look like I've never really had credit.  Not really sure if using the Cap One is a good option but kinda feel like it's my only one right now other than using it to negotiate a dealer down on interest rate.

[fpfinancial]

APPROVING BANK: Alliant Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 706
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: NEW
YEAR OF VEHICLE: 2010

MAKE: Infiniti

MODEL: G37SX
MILEAGE: 2000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 41,000.00
TERM CONTRACTED: 60
APR/LEASE RATE: 1.99
MONTHLY PAYMENT: 718

ANNUAL INCOME: 68k
MISCELLANEOUS COMMENTARY: Very happy about this purchase, brand new car, 21, and living the life!

[fpfinancial]

@amkari, try going to a local CU and see if they approve you for a lower rate, those rates are just not worth it bud.

[clg1231]

APPROVING BANK:  Local CU
BUREAU PULLED:  Equifax
CREDIT SCORE:  714 (Auto Enhanced FICO)
CUSTOMER STATE OF RESIDENCE:  GA
NEW/USED:  New
YEAR OF VEHICLE:  2012

MAKE:  Toyota

MODEL:  Camry Hybrid LE
MILEAGE:  <50
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  Approved for up to 36k, financing approx. 27k
TERM CONTRACTED: 72 months
APR/LEASE RATE:  3.29%
MONTHLY PAYMENT:  420

ANNUAL INCOME:  60k
MISCELLANEOUS COMMENTARY:  My first new car, first time in my life I've ever had a decent rate.  It is time to get out of my monster Dodge Durango, which gets 14.5 mpg.  90% of my driving is city miles.  I should average about 42 mpg on my new car.  Feeling very proud!

[ScoreBooster]

Date Discharged: 01/06/2011
Lender: NuVision FCU (through Fleet Financial via lendingtree.com)
Date Applied For: 02/28/2012
Approval Amount: $21,560
Interest Rate: 9.32%
Term: 72 months

Loan was Refi. Previous loan was 7 months old at 18.24%.