Reply
New Contributor
ds3
Posts: 76
Registered: ‎10-02-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: VW
Bureau Pulled: Experian CREDIT SCORE: 675 Auto V8
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Passat TDI SEL Premium
MILEAGE: 15
RETAIL/LEASE: Retail AMOUNT OF LOAN: $34300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 10.19% MONTHLY PAYMENT: $744
ANNUAL INCOME: $93k
Contributor
drboxing
Posts: 88
Registered: ‎09-19-2012
0

Re: Auto Loan Approvals!

 Congrats to you on your new vehicle


Starting Score: TU 614 EX584
Current Score: TU 650/EX 650 (Walmart)
Goal Score: 710


Take the FICO Fitness Challenge
Established Member
rexbolt
Posts: 20
Registered: ‎10-06-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: Huntington
BUREAU PULLED: Transunion
CREDIT SCORE: 605
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Mazda
MODEL: CX-5 AWD Grand Touring
MILEAGE: 4
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23, 213
TERM CONTRACTED: 6 years
APR/LEASE RATE: 5.65
MONTHLY PAYMENT: 392
ANNUAL INCOME: 75000
MISCELLANEOUS COMMENTARY: Could not believe I got that great of APR% with my credit score. I has pre approvals from Capital one and Roadloans for around 8.5%. I could have left with no money down too, but I knew going in I was going to put $$ down to lower the monthly payments. I ended up puting $4000 down and getting $3700 on my trade (which was a steal for the shape it was in :smileytongue:)

 

My Wallet: Amex BCP $19.5K | BOA Cash Rewards $15K | BOA Better Balance $10K | Cap One Venture $10K | Cap One QS $3K | Chase Freedom $4.5K | Barclay Rewards WMC $5K | Citi Simplicity $8.4K | Discover It! $2K | Huntington Voice $5K | PNC Cash Builder VS $17.5K | Total Rewards VS $12K | Sams Club $7.5K
New Contributor
ds3
Posts: 76
Registered: ‎10-02-2012
0

Re: Auto Loan Approvals!


ds3 wrote:
APPROVING BANK: VW
Bureau Pulled: Experian CREDIT SCORE: 675 Auto V8
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Passat TDI SEL Premium
MILEAGE: 15
RETAIL/LEASE: Retail AMOUNT OF LOAN: $34300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 10.19% MONTHLY PAYMENT: $744
ANNUAL INCOME: $93k

Update...my CU came in at 8.99. New pmnt of $665.

Established Member
intherightdirection
Posts: 24
Registered: ‎08-20-2012
0

Re: Auto Loan Approvals!

This is for my BF:

 

APPROVING BANK: Acura Financial Services
BUREAU PULLED: Not sure
CREDIT SCORE: 703
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Acura
MODEL: ILX
MILEAGE: 24
RETAIL/LEASE: Lease
AMOUNT OF LOAN:
TERM CONTRACTED: 36 mo
APR/LEASE RATE:
MONTHLY PAYMENT: $363
ANNUAL INCOME: ~$80,000
MISCELLANEOUS COMMENTARY: My BF applied online at Acura for the current lease specials (through 10/31/12). Didn't get immediate approval but received an email about an hour later that he was approved for 33k. Brought the approval certificate into the dealer and it was a pretty easy transaction. Zero drive off (meaninig zero $$$ up front) and payments of $363. The same model without the bells and whistles would have been $300 month. Also, could have received a lower payment for money up front.


Starting Score 08/12: EQ 526 | EX 552 | TU 569
Current Score: EQ 613 | EX 574 | TU 632
Goal Score: 700 Club


New Contributor
cp94550
Posts: 70
Registered: ‎11-05-2011
0

Re: Auto Loan Approvals!

APPROVING BANK: American Honda Finance
BUREAU PULLED:  Not sure.  Have an inquiry on my Equifax Score Watch.
CREDIT SCORE:  578 Equifax, 601 Auto enhanced
CUSTOMER STATE OF RESIDENCE:  CA
NEW/USED:  New
YEAR OF VEHICLE:  2012
MAKE:  Homda
MODEL:  CR-V
MILEAGE:  38
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $24,850.00
TERM CONTRACTED:  72 mos
APR/LEASE RATE:  4.49%
MONTHLY PAYMENT:  $395.00
ANNUAL INCOME:  $57k
MISCELLANEOUS COMMENTARY:  My wife and I just had our first child and lugging a carseat in and out of our 2 door Honda Civics was a HUGE hassle  (we both have the same type of car).  We had been looking at purchasing a small Crossover/SUV but kept putting it off because of our credit score and I recently finished a rehab process on my SL's but wanted to wait until it was actually reflected on my credit reports.  Long story short - I called CU and they denied me.  Found a family member co-signer and we were going to go purchased next weekend.  Decided to go test drive ahead of time, fellin love the the CR-V and decided to have them run my credit since the inquiry wouldn't go against me.  They got me in to the car I wanted, payments $5 below my max and a shockingly low APR of 4.49%.  I'm still baffled by that....

Starting Score: 560 on 11/1/11
Current Score: 578 on 10/04/12
Goal Score: 650 for starters

Take the FICO Fitness Challenge
New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
0

Re: Auto Loan Approvals!

Congratulations on your new car!!!!  That is an awesome rate!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
New Visitor
HSTV
Posts: 2
Registered: ‎10-08-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: TransUnion
CREDIT SCORE: 555
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: LEXUS
MODEL: IS250
MILEAGE: 20,000
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 27,700 
TERM CONTRACTED: 72
APR/LEASE RATE: 8.79%
MONTHLY PAYMENT: $497
ANNUAL INCOME: $72,000
MISCELLANEOUS COMMENTARY: I had a BK discharged 7 months ago.  I tried Lexus financial, but they would only approve 20K at 17%, even though I am repeat customer. Went to Carmax, 3 lenders were 15% + , but Wells came in at 8.79%.  So I drove off with a payment under $500.  In contrast, 5 years ago with tier 1, through Toyota Financial I had a 5.9% on a camry.  So can't complain.
 
 
Pre-BK TU: 690
BK discharged: Feb 2012
Current: TU: 555

 

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Auto Loan Approvals!

Wow thats awesome and congrats btw

Valued Contributor
MsLadyRover
Posts: 2,816
Registered: ‎03-14-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 667
CUSTOMER STATE OF RESIDENCE: Maryland
NEW/USED: New
YEAR OF VEHICLE: 2011
MAKE: BMW
MODEL: 328i xdrive
MILEAGE: 6437
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $38,999
TERM CONTRACTED: 72 months
APR/LEASE RATE: 6.79%
MONTHLY PAYMENT: $664.37
ANNUAL INCOME: $85K
MISCELLANEOUS COMMENTARY: Approved 8/23/12 but did not find the car I wanted until 9/24/12.  Although the car was previously used, NFCU considered it a new car sale since it was a 2011 with less than 7000 miles.


Starting Score: 639 (Walmart TU)
Current Score: TU 715 (Barclay) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+