Reply
Established Contributor
sccredit
Posts: 774
Registered: ‎09-14-2012

Re: Auto Loan Approvals!

APPROVING BANK: Subaru Motors Finance (JP Morgan Chase)
BUREAU PULLED: TU
CREDIT SCORE: 699 Auto Enhanced
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Subaru
MODEL: Impreza
MILEAGE: 12
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $20,921
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 2.74%
MONTHLY PAYMENT: $373
ANNUAL INCOME: $100k
MISCELLANEOUS COMMENTARY:  Very good deal from a family friend who is a GM at a Subaru dealer, well below invoice, added a 100k warranty at dealer cost.  Stoked at a good deal and that beat my credit uniion by .05% lol
Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $167.2k

Discover FICO 757
DCU FICO 744

Established Member
ballinonabudget
Posts: 27
Registered: ‎01-01-2013

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: MyFico score is 702 right now waiting for the score NFCU used in the mail
CUSTOMER STATE OF RESIDENCE: MA
NEW/USED: NEW
YEAR OF VEHICE: 2013
MAKE: Ford
MODEL: Escape Titanium
MILEAGE: 0-200
RETAIL/LEASE: Retail
AMOUNT OF LOAN:34000
TERM CONTRACTED:72 months
APR/LEASE RATE: 1.99
MONTHLY PAYMENT:501
ANNUAL INCOME:77k
Debt to Income with the new loan: ~38-39%
MISCELLANEOUS COMMENTARY: I was going to add my wife for income but they qualified me on my own even though I already have another car loan and a personal loan with them so this is a second auto loan they are giving me on my own no income verification or anything. I put a deposit on the car today pick it up thursday hopefully. I applied over the phone and got an approval while I waited. This preapproval made it a lot easier for me to choose a car I want without worrying about the dealer controlling the financing.
Old Fako score 550 in 2008ish
Current Fico(1/1/2013) EQ 717
Goal:750 100k
Open Loan Balances: 34k Auto 13.3k Auto, 5.3k Personal loan both through Navy FCU, 182k Mortgage 3.375%
The Wallet: NFCU 14k Signature Visa, USAA 10k MasterCard, Penfed 10k Cap1 500
Valued Member
jonald11
Posts: 37
Registered: ‎02-29-2012

Re: Auto Loan Approvals!

This thread is to be used for your Auto Loan Approvals just copy and paste!
 
APPROVING BANK: Capital One Blank Check (first), BB&t (dealer beat rate)
BUREAU PULLED: Cap One pulled all three. Dealer used BeAcon 5.0 auto enhanced
CREDIT SCORE: Beacon 811; Cap one had a low of 735 on Transunion, to Equifax 795 I believe.
CUSTOMER STATE OF RESIDENCE: Virginia
NEW/USED: USED
YEAR OF VEHICLE: 2009
MAKE: VW
MODEL: Passat Komfort
MILEAGE: 49,000
RETAIL/LEASE: Buy
AMOUNT OF LOAN: 16,800
TERM CONTRACTED: 60
APR/LEASE RATE: BB&T 2.99 (Cap one had a sliding scale of 2.50 for 2012, down to 3.99 for 2009)
MONTHLY PAYMENT: 301
ANNUAL INCOME: 85000
MISCELLANEOUS COMMENTARY: Capital One, which I despise for a credit card, came through beautifully. Approved online within seconds (although had to verify identity by phone because of fraud alert), and sent the check out immediately. Dealer first said he couldn't beat their rate and let me keep my score sheet showing the Beacon 5.0 at 811. I was surprised, but now know they run high. At pickup, finance manager called me in and gave me 2.99, so I went with that.
 
But Capital One was great, and if I stayed with them would have gotten $100 cash back. 

 

Established Contributor
guydiver
Posts: 534
Registered: ‎08-30-2007

Re: Auto Loan Approvals!

[ Edited ]

Ballinonabudget:  Hope you like the car. I got the same thing. Love it so far. I took the Ford financing just to get another $1K off. Will refinance in 6 months with one of my CU's

MyFICO Forums ROCK!! & . Been There, Done That. Never Going Back! Goal>>>> 800,800,800!

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! .:smileyvery-happy:
In My Wallet: CU Visa 15K, Sam's Club 10K, Lowe's 10K, Cabela's Siggy Visa 11.5K, Travelocity AMEX 18K :
Take the FICO Fitness Challenge




New Member
jordan_91
Posts: 2
Registered: ‎01-16-2013

Re: Auto Loan Approvals!

APPROVING BANK: Insight FCU
BUREAU PULLED:Equifax
CREDIT SCORE:680
CUSTOMER STATE OF RESIDENCE:FL
NEW/USED:New
YEAR OF VEHICLE:2013
MAKE:Jeep
MODEL:Grand Cherokee
MILEAGE:1
RETAIL/LEASE:Retail
AMOUNT OF LOAN:33840
TERM CONTRACTED:72
APR/LEASE RATE:8.70
MONTHLY PAYMENT:612
ANNUAL INCOME:34000
MISCELLANEOUS COMMENTARY: This was my very first auto purchase. I plan to refinance the car in six months or so. It was a very easy process. Went to dealer, test drove and signed and drive.
Member
FiscalCliffer
Posts: 21
Registered: ‎11-25-2008

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: LandRoverFinancial/JPMorgan Chase
BUREAU PULLED:Equifax
CREDIT SCORE:726
CUSTOMER STATE OF RESIDENCE:ME
NEW/USED:New
YEAR OF VEHICLE:2013
MAKE: Land Rover
MODEL:Range Rover Sport HSE LUX
MILEAGE:1
RETAIL/LEASE:Lease, MSRP $60215
AMOUNT OF LOAN: 
TERM CONTRACTED:39
APR/LEASE RATE: Prime
MONTHLY PAYMENT: 726
ANNUAL INCOME:$200,000
MISCELLANEOUS COMMENTARY: almost 8% below market value, excellent deal! the 2013 went up in MSRP this year too
Senior Contributor
fishbjc
Posts: 3,328
Registered: ‎11-30-2007

Re: Auto Loan Approvals!

Bank:  NFCU

Interest:  3.59%

Used 

Term:  60 months

$19k blank ck

Pulled EQ

Score 617

Msg:  two collections reporting as oc (incorrect) 

Income 75k

Own home

Low debt

No repo, bk, public records or judgments

Established Contributor
TrishN
Posts: 505
Registered: ‎11-05-2012

Re: Auto Loan Approvals!

APPROVING BANK: USAA
BUREAU PULLED:EQ
CREDIT SCORE:649
CUSTOMER STATE OF RESIDENCE: SC
NEW/USED:USED
YEAR OF VEHICLE: 2011
MAKE:MERCEDES
MODEL: E350
MILEAGE:13.000
RETAIL/LEASE: FINANCED
AMOUNT OF LOAN: 39.000
TERM CONTRACTED:72
APR/LEASE RATE:8.4
MONTHLY PAYMENT:708.00
ANNUAL INCOME:86.400
MISCELLANEOUS COMMENTARY: happy so far.But i will refinance in 1 year to get lower APR. 2 Paid CO and 1 unpaid Medical CA
10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
New Member
Jb9217a
Posts: 1
Registered: ‎12-02-2012

Re: Auto Loan Approvals!

APPROVING BANK: Visions Federal Credit Union
BUREAU PULLED:TU
CREDIT SCORE:659
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED:USED
YEAR OF VEHICLE: 2012
MAKE: Hyundai
MODEL: Veloster
MILEAGE:7,700
RETAIL/LEASE: FINANCED
AMOUNT OF LOAN: 21500
TERM CONTRACTED:72
APR/LEASE RATE:4.55
MONTHLY PAYMENT:347.00
ANNUAL INCOME: 30,000
MISCELLANEOUS COMMENTARY: Im so excited :smileyhappy: This is my first car purchase and auto loan and I got exactly what I wanted. I've been following this thread for months and  was worried because I don't make nearly as much as some people here. I'm very happy with my interest rate and monthly payment :smileyhappy: A year and a half ago I was at 499 score so I am happy :smileyhappy: This year I will reach 700 
 
New Member
Rizion
Posts: 1
Registered: ‎12-05-2012

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK:Capital One Auto
BUREAU PULLED:Experian
CREDIT SCORE:612
CUSTOMER STATE OF RESIDENCE:MD
NEW/USED:Used
YEAR OF VEHICLE:2008
MAKE:Lexus
MODEL:GS 450H
MILEAGE:59158
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:26316
TERM CONTRACTED:72MONTHS
APR/LEASE RATE:9.4
MONTHLY PAYMENT:482 (Put 3500 down)
MISCELLANEOUS COMMENTARY:

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
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+