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Established Contributor
Posts: 909
Registered: ‎08-30-2007
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Re: Auto Loan Approvals!


CraveMazda 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 months

Congrats.  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.


Thanks Guydiver - I got the HS250h. I wanted a hybrid and wanted a smaller car than my 09 Mazda 6, the IS was too small, the ES was too big. The ES Hybrid is too new so didn't want to spend over $50K for that car. I lucked out and found my gem of a car. I LOVE it. It only had 12,100 miles on it so it is practically a new car. It has all the bells and whistles that one could have gotten on the car minus the ML sound system.

 


That's awesome!  Hope I can find something like that to take the hit off the new MSRP, they are too rich for my blood, and wallet.Smiley Very Happy

Starting Score: 500's
Current Score: 773 EQ(DCU), 757 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


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Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
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Re: Auto Loan Approvals!

Congrats

Member
Posts: 8
Registered: ‎11-03-2012
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Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: Members CU
BUREAU PULLED: Equifax
CREDIT SCORE: 728
CUSTOMER STATE OF RESIDENCE:
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Mazda
MODEL: Mazdaspeed3
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $22,200
TERM CONTRACTED: 60
APR/LEASE RATE: 1.73% ( High five* )
MONTHLY PAYMENT: $375
ANNUAL INCOME: $36,000
MISCELLANEOUS COMMENTARY: Got an out the door price $2750 below MSRP. Didn't even let the dealer try to match my APR since I probably wouldn't have even got approved AT ALL through them with my "was just able to calculate a fico score last week" thin credit file.
 
Smiley Very Happy



Starting Score: ????
Current Score: 728 EQ 11/2012
Goal Score: 750


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Valued Member
Posts: 36
Registered: ‎01-27-2008
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Re: Auto Loan Approvals!

APPROVING BANK: Digital Federal Credit Union

BUREAU PULLED: Equifax

CREDIT SCORE: 665

CUSTOMER STATE OF RESIDENCE: Florida

NEW/USED: Refinance

YEAR OF VEHICLE: 2012

MAKE: Jeep

MODEL: Wrangler

MILEAGE: 5500

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 29k

TERM CONTRACTED: 72mo

APR/LEASE RATE: 2.49

MONTHLY PAYMENT: 433

ANNUAL INCOME: 90k - Joint with wife

 

MISCELLANEOUS COMMENTARY: Refinanced my Wells Fargo Loan that was at 6.99% at the above rate and terms. No muss no fuss easiest credit app and approval I have ever had. Payment came down $110mo. I had made five payments to Wells. Even though I pushed it back out to 72mo I am still saving a ton of money over the long run. They also gave me a 3k credit card at 11.9%. I am also three years post bk.

Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
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Re: Auto Loan Approvals!

[ Edited ]

In loan shopping mode! So I got approved for this a few days ago which I posted up.

 

APPROVING BANK: Chase Bank

BUREAU PULLED: Not yet known

CREDIT SCORE: Not yet known

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: Undecided

YEAR OF VEHICLE: Undecided

MAKE: Undecided MODEL: Undecided

MILEAGE: N/A

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 12k (deciding if I should request more)

TERM CONTRACTED: 60 months

APR/LEASE RATE: 5.30% (discounted by .50% due to Chase banking relationship) Approved APR 5.80%

MONTHLY PAYMENT: $226.89

ANNUAL INCOME: $22k+

MISCELLANEOUS COMMENTARY: Had to call to have my application reconsidered due to my employment history. Recently changed jobs so I had not provided my previous income or expected income of new job. Currently been a Chase customer for about 4+ years and I have a credit card with them. On to car shopping now! Interested in a Used Hyundai Accent b/c its a car I can afford right now. This is my FIRST auto loan! So excited!

 

But nowww...I've gotten approved for something even better! This is the best rate and the loan I'm going for!

 

APPROVING BANK: Capital Bank (Not Capital One)

BUREAU PULLED: Experian

CREDIT SCORE: 700

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New

YEAR OF VEHICLE: 2013

MAKE: KIA

MODEL: Undecided

MILEAGE: N/A

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 16k

TERM CONTRACTED: 60 months

APR/LEASE RATE: 4.9% APR

MONTHLY PAYMENT: $283

ANNUAL INCOME: $22k+

MISCELLANEOUS COMMENTARY: Again, this is my FIRST auto loan! Will be closing it out probably next week.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Frequent Contributor
Posts: 309
Registered: ‎08-05-2011
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Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK: Toyota Financial Services
BUREAU PULLED: Experian
CREDIT SCORE: 765
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: New
YEAR OF VEHICLE: 2013

MAKE: Toyota
MODEL: Sienna XLE
MILEAGE: 3
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $32,500
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0.9
MONTHLY PAYMENT: $554
ANNUAL INCOME: $90K
MISCELLANEOUS COMMENTARY: Spent the last two months researching minivan's and was initially looking to purchase a end year 2012 model, however availability of the colors I was looking for was non existant.  Researched and called around dealers to get my best price of $35K OTD (including tax + tag) and put down $2500, leaving $32.5K to finance.  Luckily for me I already had a preapproval from Penfed at 1.49% however, even better Toyota changed their incentives for November to 0.9 for 60 months! Took it, I LOVE cheap money Smiley Happy

 


Starting Score: 770
Current Score: 765 (EX) 763 (EQ) 756 (TU)

Auto Enhanced: 788 (EX)
Goal Score: 800
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Regular Contributor
Posts: 116
Registered: ‎09-02-2012
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Re: Auto Loan Approvals!

APPROVING BANK: Capital One
BUREAU PULLED: Unsure
CREDIT SCORE: 631 TU 623 EQ
CUSTOMER STATE OF RESIDENCE: New York
NEW/USED: Used
YEAR OF VEHICLE: not sure yet
MODEL: not sure yet
MILEAGE: not sure yet
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $21,600
TERM CONTRACTED:72 months
APR/LEASE RATE: 10.82%
MONTHLY PAYMENT: $409
ANNUAL INCOME:$50,000
MISCELLANEOUS COMMENTARY:I will refinance when I get higher scores, but for now I will take it since my own credit union denied me.
New Member
Posts: 2
Registered: ‎11-11-2012
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Auto Loan Approvals!

APPROVING BANK: USAA
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 647
CUSTOMER STATE OF RESIDENCE:AL
NEW/USED:NEW
YEAR OF VEHICLE:2013
MAKE:FORD
MODELSmiley FrustratedHELBY GT 500
MILEAGE:10
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:$48000
TERM CONTRACTED:72
APR/LEASE RATE:6.9
MONTHLY PAYMENT:940
ANNUAL INCOME:$151k
MISCELLANEOUS COMMENTARY: Vehicle price out of the door is $62525 which is about $5000 less than MSRP. I decided to put $14000 down to cover the gap in cost. I'm looking to pay this loan off in 6 months so that I minimize the amount of interest that I get charged. Additionally, I'm going to apply with Navy Fed and Pen Fed to see if I can get a better interest rate.



Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
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Re: Auto Loan Approvals!


Shan922 wrote:
APPROVING BANK: Capital One
BUREAU PULLED: Unsure
CREDIT SCORE: 631 TU 623 EQ
CUSTOMER STATE OF RESIDENCE: New York
NEW/USED: Used
YEAR OF VEHICLE: not sure yet
MODEL: not sure yet
MILEAGE: not sure yet
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $21,600
TERM CONTRACTED:72 months
APR/LEASE RATE: 10.82%
MONTHLY PAYMENT: $409
ANNUAL INCOME:$50,000
MISCELLANEOUS COMMENTARY:I will refinance when I get higher scores, but for now I will take it since my own credit union denied me.

Shan, what bureau did Cap1 pull? All 3 like for their CC?

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
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Regular Contributor
Posts: 116
Registered: ‎09-02-2012
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Re: Auto Loan Approvals!

I am guessing they pulled all three. I already got new inquiry alerts frm TU and EX.

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