Auto Loans

[tisch0791]

APPROVING BANK: NMAC

BUREAU PULLED: Not Sure

CREDIT SCORE: Eq 699 and 655 (joint app w/spouse)

CUSTOMER STATE OF RESIDENCE: FL

NEW/USED: New

YEAR OF VEHICLE: 2012

MAKE: Nissan

MODEL: Maxima

MILEAGE: 39

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 34787

TERM CONTRACTED: 72 mos

APR/LEASE RATE: 4.2%

MONTHLY PAYMENT: $548

ANNUAL INCOME: $160K (regular and self employment)

MISCELLANEOUS COMMENTARY: MSRP on car was $40750.  Selling price of car after rebates and negotiating was 31200.  Had preapprovals with credit union (3.5%) and Cap One (3.69%).  However financing with NMAC brought selling price down A LOT.  They wouldn't go that low on price unless we used them.  So we went with NMAC.  However we will contact the credit union about turning the loan over to them at the rate they offered.  Love the car! 

[joeyd]

APPROVING BANK: Toyota

BUREAU PULLED: EQ

CREDIT SCORE: 572 myfico, dealer said it was 531

CUSTOMER STATE OF RESIDENCE: Ga.

NEW/USED: Used

YEAR OF VEHICLE: 2012

MAKE: Toyota

MODEL: Camry

MILEAGE: 22035

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 17952.22 with Ext. Warranty and Gap.

TERM CONTRACTED: 60

APR/LEASE RATE: 17.34

MONTHLY PAYMENT: $449.45

ANNUAL INCOME: $47,000

MISCELLANEOUS COMMENTARY: Put 2K down. My only concern is since it was a certified used toyota with warranty left do I need the extended warranty. Should I cancel extended warranty and Gap? Is Nationawide Insurance Gap added to my policy sufficient? Seems my downpayment really went toward the Ext. warranty and their Gap Insurance. Rate High but 6 month out of BK happy anyone would buy me. Plan send two checks a month one for payment, and other for $100 a month toward principle to buy down this interest rate and shorten the loan. TY Forum!

[MovingForward_2012]

I think that it would be wise to keep the extended warranty on this one. Especially if the original warranty runs out at 35,000. It could save you money from an unexpected expense.

You got a really good deal on this one considering where your credit is today. $449 a mo is not bad considering the year and make of car you purchased. Congrats again!!!

[MovingForward_2012]

Oh and I think the GAP coverage is sufficient.

[drboxing]

Great u were approved by Toyota, I say just make ur payments on time, you'll never have to worry about auto financing again.

[karnitia]

APPROVING BANK: Toyota

BUREAU PULLED: Transunion

CREDIT SCORE: 604 TU; Auto Tier U04  643??

CUSTOMER STATE OF RESIDENCE: TN

NEW/USED: YEAR OF VEHICLE: Used

MAKE: Infiniti

MODEL: G35

MILEAGE: 75k

RETAIL/LEASE: lease

AMOUNT OF LOAN: $14,500

TERM CONTRACTED: 72 months

APR/LEASE RATE: 12.99%

MONTHLY PAYMENT: $340

ANNUAL INCOME: $30k

MISCELLANEOUS COMMENTARY: $0 money down. I had to pay to add a 3 year warranty with GAP so my total monthly payment will be $396

[toughoya]

APPROVING BANK: Pentagon Federal Credit Union

BUREAU PULLED: Experian

CREDIT SCORE: 725

CUSTOMER STATE OF RESIDENCE: UT

NEW/USED: Used

YEAR OF VEHICLE: 2005

MAKE: Saturn

MODEL: Vue

MILEAGE: 93,000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $6125

TERM CONTRACTED: 36 mos

APR/LEASE RATE: 0.49%

MONTHLY PAYMENT: $179

ANNUAL INCOME: $47K

MISCELLANEOUS COMMENTARY: Worked hard getting my scores up and getting approved through PenFed was great for my rate! Even though the car is not new, it is my first in about 5 years. Just needed an A to B work vehicle. Total owed is 6475 because of the gap ins. I also financed with no money down.

[breedo]

APPROVING BANK: Volkswagen Credit

BUREAU PULLED: TransUnion

CREDIT SCORE: 664

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: Used

YEAR OF VEHICLE: 2011

MAKE: Volkswagen

MODEL: Golf

MILEAGE: 21,000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $16500

TERM CONTRACTED: 48 mos

APR/LEASE RATE: 4.72%

MONTHLY PAYMENT: $372

ANNUAL INCOME: $62k

MISCELLANEOUS COMMENTARY: Zero down. I was pre-approved by my credit union at 7.9% for 48 mos or 6.9% for 36 mos and Cap One at 12.9% so I was very pleased the dealer could offer me 4.72% with less than perfect credit. I declined GAP insurance as I'm selling the car it's replacing for between $6-7k and will apply that towards the loan.

[kittenkatt79]

APPROVING BANK: Commerce Bank
BUREAU PULLED: Transunion
CREDIT SCORE: 775 and 741 (joint loan with husband)
CUSTOMER STATE OF RESIDENCE: MO
NEW/USED: New
YEAR OF VEHICLE: 2013

MAKE: Kia

MODEL: Soul
MILEAGE: 18
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16767 (price includes extended warranty)
TERM CONTRACTED: 75 months
APR/LEASE RATE: 1.69%
MONTHLY PAYMENT: $235

ANNUAL INCOME: $54k
MISCELLANEOUS COMMENTARY:  Zero down. Our dealer's finance guy advised that GAP insurance would be cheaper through our regular auto insurance - checked online and GAP will only cost us about $18/year through esurance.  We're still deciding whether or not to keep the extended warranty (have 90 days to cancel).

[guydiver]

APPROVING BANK:  Ford Credit

BUREAU PULLED:  EQ, EX

CREDIT SCORE:  776 EQ

CUSTOMER STATE OF RESIDENCE:  LA

NEW/USED:  NEW

YEAR OF VEHICLE:  2013

MAKE:  FORD

MODEL:  ESCAPE TITANIUM 2.0 Ecoboost 4WD

MILEAGE:  145

RETAIL/LEASE:  RETAIL

AMOUNT OF LOAN:  $34535

TERM CONTRACTED:  60 MONTHS

APR/LEASE RATE:  3.70%

MONTHLY PAYMENT:  $631

ANNUAL INCOME:  80K

MISCELLANEOUS COMMENTARY:

Loaded car with every available option.  Took the Ford financing to get an additional 1K in incentives.  $31,959 sale price.  Sticker was $37,020.  Added the  basic 100K Ford extended warranty and gap. 2K and change down, although I qualified for $0 down.  This car is incredible.  I looked at many competitors, but nothing else had this much car for the price.