Reply
Established Member
Posts: 15
Registered: ‎11-02-2011
0

Re: Auto Loan Approvals!

APPROVING BANK: Nissan Motor Acceptance Corp (NMAC)
BUREAU PULLED: EQ
CREDIT SCORE: 670
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Infiniti
MODEL: G25X
MILEAGE: 0
RETAIL/LEASE: Lease
AMOUNT OF LOAN:
TERM CONTRACTED: 39 mos
APR/LEASE RATE: ?
MONTHLY PAYMENT: $315.98
ANNUAL INCOME: $65k
MISCELLANEOUS COMMENTARY: I had been looking at Nissan and Infiniti since they're supposed to be very BK friendly.  My CH13 BK was discharged on 2/29/12 and was approved for the Infiniti lease at Tier 1 rates 21 days after discharge.  The finance director fought hard w/the bank to get tier 1 rather than tier 2; the bank was focusing on the Bk discarge date but he was pushing the file date, 9/2008.  We won!  Was at the dealer for about 4 hours and drove the car home.
10/25/11: TU 605, EQ 655, EX ?
03/13/12: TU 626, EQ 670, EX ?
Highlighted
Valued Member
Posts: 29
Registered: ‎09-26-2010
0

Re: Auto Loan Approvals!

APPROVING BANK:  BB&T
BUREAU PULLED:  EQUIFAX
CREDIT SCORE:  690
CUSTOMER STATE OF RESIDENCE:  TN
NEW/USED:  USED
YEAR OF VEHICLE:  2009
MAKE:  HYUNDAI
MODEL:  SONATA GLS
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
ANNUAL INCOME:  33,400
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
Current Score: 698
Goal Score: 700s


Take the FICO Fitness Challenge


Established Member
Posts: 21
Registered: ‎03-01-2012
0

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: bashas credit union
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
Current Score: 619 TU FICO, 584 EQ FICO, 619 EX lender pull 3/23/12
Goal Score: 620 by August for new house


Take the FICO Fitness Challenge
Established Contributor
Posts: 638
Registered: ‎07-28-2011
0

Re: Auto Loan Approvals!

APPROVING BANK: American Honda Finance
BUREAU PULLED: EQ (Auto Enhanced)
CREDIT SCORE: 730
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: NEW
YEAR OF VEHICLE: 2012
MAKE: Honda
MODEL: CRV-LX
MILEAGE: TBD
RETAIL/LEASE: Lease
AMOUNT OF LOAN: N/A
TERM CONTRACTED: 36 Months 12k Miles
APR/LEASE RATE: 4.68%
MONTHLY PAYMENT: 268 plus tax
ANNUAL INCOME: 40K
MISCELLANEOUS COMMENTARY: DW Approved for the best advertised rate (money factor). Special lease offered 239/Mo with $2799 plus fees (a total of $4477). We negotiated paying only fees, first month, and reducing the cost of the vehicle to get a monthly payment of 268 plus tax. The dealership has to perform a trade to get the color we want. DW is happy so I should be able to play golf whenever I want Smiley Very Happy.


New Member
Posts: 2
Registered: ‎01-02-2012
0

Re: Auto Loan Approvals!

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


Starting Score: TU-654 EQ-613 EX-674
Current Score: TU08-686 (WM) EQ-640 EX-688 (PSECU)
Goal Score: 750


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 437
Registered: ‎03-19-2010
0

Re: Auto Loan Approvals!

I was looking at getting a Hyundai thru patriot federal. Was that from Massey Hyundai? Seems like they send more the business they do to patriot. Glad to know they have competitive rates.

flyers97 wrote:

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


New Member
Posts: 2
Registered: ‎01-02-2012
0

Re: Auto Loan Approvals!

I got it at Hamilton Hyundai and PFCU matched Suntrust Bank at 3.99% I went with them because i could pay online a no go with Suntrust since I don't bank with them.


Starting Score: TU-654 EQ-613 EX-674
Current Score: TU08-686 (WM) EQ-640 EX-688 (PSECU)
Goal Score: 750


Take the FICO Fitness Challenge
New Contributor
Posts: 60
Registered: ‎03-14-2012
0

Re: Auto Loan Approvals!

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.

Starting Score: 03/31/2012 - FICO EX 599 (auto loan pull) EQ 593 TU 602)
Current Score: 10/25/2012 - EX (tenant screening) 655 - EQ (myfico.com) 641 - TU (myfico.com) 622
Goal Score: We’ll start with 650 across the board 


Take the FICO Fitness Challenge
Established Contributor
Posts: 638
Registered: ‎07-28-2011
0

Re: Auto Loan Approvals!


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 Smiley Happy.



New Contributor
Posts: 60
Registered: ‎03-14-2012
0

Re: Auto Loan Approvals!


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 Smiley Happy.



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.  :-) 


Starting Score: 03/31/2012 - FICO EX 599 (auto loan pull) EQ 593 TU 602)
Current Score: 10/25/2012 - EX (tenant screening) 655 - EQ (myfico.com) 641 - TU (myfico.com) 622
Goal Score: We’ll start with 650 across the board 


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.