cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Approvals!

tag
Anonymous
Not applicable

Re: Auto Loan Approvals!

 

APPROVING BANK:  Capital One Auto Finance
BUREAU PULLED:  Experian
CREDIT SCORE:  756
CUSTOMER STATE OF RESIDENCE: California
NEW/USED:  NEW
YEAR OF VEHICLE: 2012
MAKE: Subaru
MODEL:  Impreza Sport
MILEAGE:  18
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $22,453
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: 400.00
ANNUAL INCOME: 33,000.00

MISCELLANEOUS COMMENTARY: First auto loan ever! offered price was 19500 (with a few add ons) and added GAP insurance and extended warranty. Original apr offered at 4.9, looked at the salesman like he was crazy, second offer 3.9 told him I was leaving, came back with a 2.9. No special offers at the time and CU's best offer was 3.5 so I went with the dealer. 

Message 1101 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!


@Anonymous wrote:

 

APPROVING BANK:  Capital One Auto Finance
BUREAU PULLED:  Experian
CREDIT SCORE:  756
CUSTOMER STATE OF RESIDENCE: California
NEW/USED:  NEW
YEAR OF VEHICLE: 2012
MAKE: Subaru
MODEL:  Impreza Sport
MILEAGE:  18
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $22,453
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: 400.00
ANNUAL INCOME: 33,000.00

MISCELLANEOUS COMMENTARY: First auto loan ever! offered price was 19500 (with a few add ons) and added GAP insurance and extended warranty. Original apr offered at 4.9, looked at the salesman like he was crazy, second offer 3.9 told him I was leaving, came back with a 2.9. No special offers at the time and CU's best offer was 3.5 so I went with the dealer. 


Good Show.......

 

wonder why these sales man do this to someone with such high scoreSmiley Indifferent

Message 1102 of 4,736
guydiver
Established Contributor

Re: Auto Loan Approvals!


@Anonymous wrote:

@Anonymous wrote:

 

APPROVING BANK:  Capital One Auto Finance
BUREAU PULLED:  Experian
CREDIT SCORE:  756
CUSTOMER STATE OF RESIDENCE: California
NEW/USED:  NEW
YEAR OF VEHICLE: 2012
MAKE: Subaru
MODEL:  Impreza Sport
MILEAGE:  18
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $22,453
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: 400.00
ANNUAL INCOME: 33,000.00

MISCELLANEOUS COMMENTARY: First auto loan ever! offered price was 19500 (with a few add ons) and added GAP insurance and extended warranty. Original apr offered at 4.9, looked at the salesman like he was crazy, second offer 3.9 told him I was leaving, came back with a 2.9. No special offers at the time and CU's best offer was 3.5 so I went with the dealer. 


Good Show.......

 

wonder why these sales man do this to someone with such high scoreSmiley Indifferent


Because by law they can jack up the interest rate you qualify for by 2%, which is exactly what they tried to do to you.  Extra profit on the deal for them, and something very few people are aware of.....unless you read these forums Smiley Very Happy

Message 1103 of 4,736
MsTucker09
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: local CU
BUREAU PULLED: Beacon 5.0
CREDIT SCORE: 621 (me) 540 (DH)
CUSTOMER STATE OF RESIDENCE:Md
NEW/USED:new
YEAR OF VEHICLE:2012
MAKE:toyota
MODEL: Camry SE with leather and convenience package
MILEAGE: 90
RETAIL/LEASE:28702
AMOUNT OF LOAN: 23993
TERM CONTRACTED: 72
APR/LEASE RATE: 7.24
MONTHLY PAYMENT:409
ANNUAL INCOME: 100k combined
MISCELLANEOUS COMMENTARY:With the help of everyone I was able to repair my credit and get a pretty decent APR.  Had to use hubby as cosigner for income but they used my score.  First auto loan and I put 3k down.  MSRP was $28702.  Dealer wanted 27k before TTL.  Showed him quotes from other dealers and he matched the price.  So we got a great deal.  They were one of the preferred lenders for the CU so we were able to drive off the lot with the car.  We are so excited and this car is sooooo pretty and drives like a dream.  Plus we had to leave one dealership because they wanted to sell us the car for the MSRP and went to this one.  I definately did my research to make sure I received this car at LESS then what people in my area are buying them for.

 


Starting Score: EQ 462 9/30/11
Current Score: TU 577 4/10/12 EQ 607 4/10/12 PLUS 627 4/10/12 Beacon 5.0 621 lender pull 4/13/12
Goal Score: 650


Take the FICO Fitness Challenge
Message 1104 of 4,736
jason0618
Frequent Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Honda Financial Services
BUREAU PULLED: Experian, I believe
CREDIT SCORE: 407
CUSTOMER STATE OF RESIDENCE:OH
NEW/USED:new
YEAR OF VEHICLE:2012
MAKE:Honda
MODEL: Civic LX coupe
MILEAGE: 22
RETAIL/LEASE:retail
AMOUNT OF LOAN: 19,605
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.88
MONTHLY PAYMENT:369
ANNUAL INCOME: not a lot, under $40k
MISCELLANEOUS COMMENTARY:This was my fifth loan with Honda Financial, and the previous four were paid perfectly.  I believe this is the ONLY reason I got this approval.  No money down, and no crazy stips.  Didn't even need to give POI or references.  Of course, this is one of those moments where I'll never forget them giving me a chance when nobody else would, so I'm sure my next car will be a Honda, too.  lol.
Scores as of 04/2021





Gardening until further notice
Message 1105 of 4,736
RebuildingAgain14
Valued Member

Re: Auto Loan Approvals!

APPROVING BANK:  Unitus Credit Union/Smartway Advisors
BUREAU PULLED:  Equifax
CREDIT SCORE:  519
CUSTOMER STATE OF RESIDENCE:  OR
NEW/USED:  Used
YEAR OF VEHICLE: 2010
MAKE: Chevy
MODEL: Aveo
MILEAGE: 37k
RETAIL/LEASE: $13700
AMOUNT OF LOAN: $16069
TERM CONTRACTED: 60 mos.
APR/LEASE RATE:  14.99%
MONTHLY PAYMENT: $384
ANNUAL INCOME: $43200
MISCELLANEOUS COMMENTARY: I know, I know... it looks bad.  But I got out of a 26.99% loan with a balance owing after a year of payments of about $600 less than the original amount. (I paid $360/mo.)  I rolled over about $4k in negative equity.  Put $600 down.  The special program through a local credit union allowed me to get the 14.99% rate despite my credit score.  I can refi in one year and will be established with the credit union for future loans.  I also qualify for an unsecured credit card through the credit union after 1 year.  Good bye 19 mpg, hello 30+!!
Starting Scores: EQ 542/TU 500/EX 513
Current Scores: EQ 611/TU 611/EX 628
Goal Score: All 700+

Cap One Secured ($750/$701 'unsecured'), Cap One QS1($1000), Victoria's Secret ($250), Brylane Home ($500), Amazon Store Card ($600)
Message 1106 of 4,736
nuggets321
Frequent Contributor

Re: Auto Loan Approvals!

Seriously ??   4.88 % with a score in the 400's ??? Wow, youve got a great thing with Honda financial KEEP IT GOING !!!

TU-721 (MortgagePull) EQ- 697(MortgagePull ) EXP 693(MortgagePull) FWEB 24,2015
My Wallet : Dicover More 35,500 CL -Amex Zync NPSL -WellsFargoRewards4800 - -CapOne 3000CL -GEMBWalMart 5000CL - Zales 4000CL-Kays 2900--Macys 5000CL /SSFCU 5000CL / CitiBank Diamond Pref 15000CL - CHASE Freedom 13500CL -Lowes 10,000 CL - BBuyStoreCard 10,000CL Sears Store Card (Citi) 3000 - Firestone CFNB 1400 Toyota Financial $35,000 Auto -2200DiscountTire(GECRB) Citi TY Preferred 8100CL - Chase Slate$4000-BofA15000-ToyotaRewardsVisa$10,700 -BofA$8500 AMEX BCE 9,500
Message 1107 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approval

Approving Lender: Ford Motor Credit

Bureau Pulled: Equifax 

Credit Score: Mine-640 Wife-655

Residence: Florida

New/Used: New

Year of Vehicle: 2012

Make: Ford

Model: Taurus SHO

RETAIL/LEASE: LEASE

Term: 36 months

Lease Rate: .25

Monthly Payment: $600.47 w/Tax

Annual Income: $146K

Misc. Commentary: We were shocked we got this rate. We are 18 months post Chapter 7 BK. We had some negative equity in the trade so we put down $5K to offset that. There was a $3250 rebate that went along with the lease. This rate is a Tier 1 rate obviously so we feel very good about our deal. Thanks to this forum I have been able to raise our scores significantly from were we started.  There is much good information on this forum. 

Message 1108 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: Digital Federal Credit Union
BUREAU PULLED: Experian
CREDIT SCORE: NONE
CUSTOMER STATE OF RESIDENCE: NH
NEW/USED: USED

YEAR OF VEHICLE: 2004
MAKE: NISSAN
MODEL:XTERRA
MILEAGE: 95000
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN: 6695
TERM CONTRACTED: 72 months
APR/LEASE RATE: 9.00%
MONTHLY PAYMENT: 178.00
ANNUAL INCOME: 70,000
MISCELLANEOUS COMMENTARY: My credit was 0 since I moved to the country from Europe. It build my credit in a year and I refinanced
Message 1109 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: BMW Bank of North America

BUREAU PULLED: Experian

CREDIT SCORE: 588 Cosigner - 734

CUSTOMER STATE OF RESIDENCE: Texas

NEW/USED: Used

YEAR OF VEHICLE: 2009

MAKE: BMW MODEL: 528xi w/ Navigation

MILEAGE: 41894

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $34436

TERM CONTRACTED: 60

APR/LEASE RATE: 3.9%

MONTHLY PAYMENT: $575.52

ANNUAL INCOME: 53K

MISCELLANEOUS COMMENTARY:  Decided to use my mom as the Cosigner. I'll pay 8 months and then refi to get her off. Fully loaded, everything I could possibly want. Kind of a high payment. But all I have is Cable, Electric, Rent, CS, and one credit card. So I can afford it. Less trips to Starbucks. :-) I've been reading this forum for months. It really helped me figure out what I wanted.

Message 1110 of 4,736
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.