BUREAU PULLED: EQUIFAX
CREDIT SCORE: 690
CUSTOMER STATE OF RESIDENCE: TN
NEW/USED: USED
YEAR OF VEHICLE: 2009
MILEAGE: 42,047
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $13,916 W/GAP & WARRANTY UPRGRADE
TERM CONTRACTED: 60
APR/LEASE RATE: 3.94%
MONTHLY PAYMENT: $255
MISCELLANEOUS COMMENTARY: First time buyer so happy I didn't need a cosigner. With two 5yo COs and their corresponding CAs reporting was also happy with the rate I got. BTW, one collection is settled and the other I've been paying on for a year. I plan to make extra payments and pay this off as soon as I can.
Starting Score: 656
BUREAU PULLED: experian
CREDIT SCORE: 619
CUSTOMER STATE OF RESIDENCE: az
NEW/USED: used
YEAR OF VEHICLE: 06
MAKE:bmw
MODEL:550I
MILEAGE: 95k
RETAIL/LEASE:retail
AMOUNT OF LOAN: 16k
TERM CONTRACTED: 48 m
APR/LEASE RATE: 7.6
MONTHLY PAYMENT: 403
ANNUAL INCOME: 34k
MISCELLANEOUS COMMENTARY:almost signed my life away at a dealship with 20% intrest rate ...glad i waited another month and rasied my score from 530 to 619
Starting Score: 619 TU FICO, 584 EQ FICO
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APPROVING BANK: Patriot Federal Credit Union
BUREAU PULLED: TU
CREDIT SCORE: 682 Fico TU04 (lender) 705 Fico auto enhanced (dealer)
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Hyundai
MODEL: Elantra Limited w/Tech Package
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $20,499
TERM CONTRACTED: 72 months
APR/LEASE RATE: 3.99%
MONTHLY PAYMENT: $320
ANNUAL INCOME: 65,000
593 EQ FICO score (pulled by all 3). $29k annual income.
#1. $14500 at 14% from Wells Fargo
#2. $19000 at 14% from Capitol One Blank Check
#3. 3rd time really is the charm. Lol
Local CU preapproved for $10000 at 7.49%... after choosing a car and negotiating a price (along with a $10k down payment loan from parents) I requested a reconsideration for the full $22k difference. Got approved after submitting income, taxes, and monthly budget paperwork.
$32000 vehicle price
$10000 down
$22000 financed
Signing docs this week and picking up the new wheels on Saturday! I'm shocked they came up $12k from original approval even with 30% equity in car.
amkari wrote:
Can't copy and paste from phone...
593 EQ FICO score (pulled by all 3). $29k annual income.
#1. $14500 at 14% from Wells Fargo
#2. $19000 at 14% from Capitol One Blank Check
#3. 3rd time really is the charm. Lol
Local CU preapproved for $10000 at 7.49%... after choosing a car and negotiating a price (along with a $10k down payment loan from parents) I requested a reconsideration for the full $22k difference. Got approved after submitting income, taxes, and monthly budget paperwork.
$32000 vehicle price
$10000 down
$22000 financed
Signing docs this week and picking up the new wheels on Saturday! I'm shocked they came up $12k from original approval even with 30% equity in car.
Large down paymets shows responsibility and less risk for the banks. It's a great motivator in the auto business 
.
teenastie wrote:
amkari wrote:
Can't copy and paste from phone...
593 EQ FICO score (pulled by all 3). $29k annual income.
#1. $14500 at 14% from Wells Fargo
#2. $19000 at 14% from Capitol One Blank Check
#3. 3rd time really is the charm. Lol
Local CU preapproved for $10000 at 7.49%... after choosing a car and negotiating a price (along with a $10k down payment loan from parents) I requested a reconsideration for the full $22k difference. Got approved after submitting income, taxes, and monthly budget paperwork.
$32000 vehicle price
$10000 down
$22000 financed
Signing docs this week and picking up the new wheels on Saturday! I'm shocked they came up $12k from original approval even with 30% equity in car.
Large down paymets shows responsibility and less risk for the banks. It's a great motivator in the auto business
Even better... when I signed the papers I was told that as long as I have current payments and my credit looks better I can request a decrease in the interest rate anytime in the next 12 months. I had figured on looking at a refi in about 6 months but I might sit tight until next March and show almost a full year of payment history. That plus another year away from my CC defaults in 2008 should look pretty good. I though about trying for another CC but have decided to stay with just my Lane Bryant and USAA Secured AMEX along with the car loan for now. :-)
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