H-Town_Tider wrote:
guydiver wrote:
CraveMazda wrote:
MyFico has really really helped me with my road to credit recovery. Today I bought a Lexus Certified Pre-owned at the best rate possible during their October sales event.
APPROVING BANK: Lexus Financial
BUREAU PULLED: EQ
CREDIT SCORE: 726
NEW/USED: CPO
YEAR OF VEHICLE: 2010
APR/LEASE RATE: 1.99
Term: 60 monthsCongrats. That's awesome. What did you get? Got my eye on a CPO RX 350. If they pull EQ my auto score will be close to 800.
My wife's last two cars have been an RX330 and an RX400h, respectively. Bought both of them used, and they both were/are awesome cars. They really hold their value.
That's the one I really wanted, but they're older and no CPO's around anymore. If I could find a very low miles 1-owner I'd buy it regardless. Never seen the 400 though. They are all really nice cars. You did good.
Starting Score: 1/05 upper 500's??Current Score: FICO: EQ 783, TU(98) 790, EX 814(Vantage) 779(CS) Goal Score: .....800 IS ON MY BUCKET LIST! EX ,BITE ME! .
BUREAU PULLED: I don't know
CREDIT SCORE: I don't know
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: New
YEAR OF VEHICLE: 2012
MILEAGE: 16
RETAIL/LEASE: Retail
AMOUNT OF LOAN: ~$9600 (Actual price of vehicle was a little of $27K)
TERM CONTRACTED: 36 months
APR/LEASE RATE: 5.9% (I'm very shocked!)
MONTHLY PAYMENT: $279
MISCELLANEOUS COMMENTARY: This was my first car financed ever and I was very surprised at how smooth the process was. (I was in the dealership less than 5 hours) Overall, my credit is pretty good minus a baddie that recently appeared (boo) and balances on my cards. I traded in a 2010 Chevy Tahoe that I owned outright and they gave me $21,500 towards the price of my new car so I couldn't resist. I have never had a car payment before but I am planning on paying this one off early. The gas mileage is impressive and the car rides great. I look forward to the next few years enjoying my smaller, more gas efficient vehicle!
woogidyboogidy wrote:APPROVING BANK: TD Bank
BUREAU PULLED: Equifax
CREDIT SCORE: 593
CUSTOMER STATE OF RESIDENCE: GA - Vehicle purchased in Tennessee
NEW/USED: New
YEAR OF VEHICLE: 2012MAKE: FordMODEL: F150 - XLT
MILEAGE: 3
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 28,600
TERM CONTRACTED: 75 months
APR/LEASE RATE: 5.34% (!)
MONTHLY PAYMENT: 450.18ANNUAL INCOME: 68,000
MISCELLANEOUS COMMENTARY: Shocked I got approved at such a low interest rate. Hell, shocked I got approved at all, with just my trade in, as I now have 2 vehicle loans, and a mortgage. I was hesitant to apply, as I closed on my house in May, and my credit score took a hit when I bit the bullet to go out and apply for about 5-6 credit cards and financed some furniture, but all in all, can't beat that interest rate. I read an article where TD Bank CEO was saying in September that the future of his company depended on the subprime market. Good news for those of us trying to rebuild credit history that have the means to do so.
How did this happen? After I read this I decided to stop by my local TD Bank (I have checking, savings, and an unsecured loan 3 years old with them) and talked with one of their account service reps. Both the reps in the branch at the time told me they require around a 680, and they had even heard it was trending towards 700 recently. They didn't do the under writing in house, they basically submitted the app and that was it. Kind of disheartening. Did you do anything differently? TD has been an awesome bank so far, so i was excited for the chance to possibly furter the relationship. I was considering even making them my primary checking account (Currently my checking account only serves as a direct deposit, auto bill pay account)
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