Auto Loans

[Lang]

APPROVING BANK: HarboCU
BUREAU PULLED:EQUIFAX
CREDIT SCORE:699
CUSTOMER STATE OF RESIDENCE:WI
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Mazda
MODEL: Speed3
MILEAGE: 3
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $21,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.99%
MONTHLY PAYMENT: $385
ANNUAL INCOME: $22,000
MISCELLANEOUS COMMENTARY :

my first auto loan under my name. didnt expect this rate at all..tried capital one, and 2 other banks in my area and got denied.

told them i was putting only maybe 2000 down..im pretty happy! =) loan was pretty close to my annual income didnt think it will ever go through for what im asking for.

patients!

[jrodzmc09]

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Lang wrote:

APPROVING BANK: HarboCU
BUREAU PULLED:EQUIFAX
CREDIT SCORE:699
CUSTOMER STATE OF RESIDENCE:WI
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Mazda
MODEL: Speed3
MILEAGE: 3
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $21,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.99%
MONTHLY PAYMENT: $385
ANNUAL INCOME: $22,000
MISCELLANEOUS COMMENTARY :

my first auto loan under my name. didnt expect this rate at all..tried capital one, and 2 other banks in my area and got denied.

told them i was putting only maybe 2000 down..im pretty happy! =) loan was pretty close to my annual income didnt think it will ever go through for what im asking for.

patients!

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Congrats on your new car!

[bullsontheloose]

APPROVING BANK: PenFed CU
BUREAU PULLED: EQ
CREDIT SCORE: 786
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: refi
YEAR OF VEHICLE: 2013

MAKE: BMW

MODEL: 535i
MILEAGE: 600 mi
RETAIL/LEASE: retail
AMOUNT OF LOAN: 40,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.49
MONTHLY PAYMENT: 692

ANNUAL INCOME: $120,000
MISCELLANEOUS COMMENTARY: Was approved for new car loan by Penfed at 1.49% but had to go with dealer financing at 3.29% instead to qualify for $2,000.00 sales discount.  Went back to Penfed after the purchase and refinanced with the same terms of original approval and paid off dealer loan within 30 days.  Who says you can't have your cake and eat it too?  Penfed made it happen seamlessly and painlessly! Couldn't ask for better service. 

[hoping2rebuild]

First off I am so happy to finally be able to post in this thread

APPROVING BANK: CAC
BUREAU PULLED: All 3
CREDIT SCORE: 648
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2008

MAKE: Jeep

MODEL: Patriot 4X4
MILEAGE: 42441
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 13277
TERM CONTRACTED: 48 Months
APR/LEASE RATE: 9.9
MONTHLY PAYMENT: $293.00

ANNUAL INCOME: 59177
MISCELLANEOUS COMMENTARY: I do plan to refi in a year for a better rate, This is with NO money down just my trade ($1500), dealer also included extended warrenty, free oil changes for life, free car washes for life, clean one owner car fax.  Not sure how he got this deal worked with my score, but I'm not one to look a gift horse in the mouth either.

[jcstarkey8826]

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 APPROVING BANK: Capital One Blank Check
BUREAU PULLED: All 3
CREDIT SCORE: 661
CUSTOMER STATE OF RESIDENCE: MI
NEW/USED: Used
YEAR OF VEHICLE: 2011

MAKE: Dodge

MODEL: Avenger
MILEAGE: 32k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 9,000.00
TERM CONTRACTED: 72 months
APR/LEASE RATE: 9.9
MONTHLY PAYMENT: $166

ANNUAL INCOME: 52k
MISCELLANEOUS COMMENTARY: Dealer trying to beat offer, put $2,500 down. This is for my fiance'. We like lower required payments because the bank will always take more, but never less. So we dont plan on paying the minimum. (Just to explain why its a 72 month term)

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[Nocturnal]

APPROVING BANK: BOH

BUREAU PULLED: All 3

CREDIT SCORE: 746 across the board 

CUSTOMER STATE OF RESIDENCE: HI

NEW/USED: New

YEAR OF VEHICLE: 2013

MAKE: Toyota

MODEL: Tacoma Crew Cab, long bed 

MILEAGE: 8

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 28k

TERM CONTRACTED: 60 months

APR/LEASE RATE: 2.9

MONTHLY PAYMENT: $520

ANNUAL INCOME: 50k

MISCELLANEOUS COMMENTARY: I was surprised as hell to see the fico enhanced score show up as 746, 748 and 750 across the board.  I was not required to show proof of income, just list my employment (self employed) and that's it.

[lawless05]

APPROVING BANK: Bank Of America
BUREAU PULLED: EQ?
CREDIT SCORE: 658
CUSTOMER STATE OF RESIDENCE:CA
NEW/USED: Used
YEAR OF VEHICLE:2010

MAKE:Ford

MODEL:Mustang
MILEAGE:31,880
AMOUNT OF LOAN:16,000
TERM CONTRACTED:60 Months
APR/LEASE RATE: 3.79
MONTHLY PAYMENT:306

ANNUAL INCOME:55,000
MISCELLANEOUS COMMENTARY:Orginal Approved for 3.49% but i guess with all the rate shopping it when up a little but thats fine. Got the car down from 18999 before taxes to 1600OTD!

[Mike360]

APPROVING BANK: Hyundai Motor Finance
BUREAU PULLED: Dealership pulled all 3 and said they used the middle score which was Experian
CREDIT SCORE: 723 EX
CUSTOMER STATE OF RESIDENCE: WV
NEW/USED: NEW
YEAR OF VEHICLE: 2013

MAKE: Hyundai

MODEL: Sonata GLS
MILEAGE: 6
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN:  $21,763.60
TERM CONTRACTED: 72
APR/LEASE RATE: 3.9%
MONTHLY PAYMENT: $340

ANNUAL INCOME: $22,000
MISCELLANEOUS COMMENTARY: WooHoo!!! finally get to post my own. I went searching 3 years ago for a new car with high DTI and a mid 600 score and the dealer at the time was horrible. Waited until my score was high enough for top tier and DTI was very low and applied at a good dealer near work. It was so easy to get approved. No paystubs required and i didn't even have to put a downpayment on it. They told me my history was good enough that they were okay with no money down. Decided to keep my $13K in savings in my pocket. I didn't want to get GAP coverage but since i put nothing down i had to get it. decided to also get some extra protectin plans from them that added a little onto the price...

[FrugalRican]

APPROVING BANK: Honda Financial Services
BUREAU PULLED: Who knows
CREDIT SCORE: 710
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: New
YEAR OF VEHICLE: 2012

MAKE: Civic

MODEL: Coupe LX
MILEAGE: 23
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16000
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 0.9
MONTHLY PAYMENT: $272.00

ANNUAL INCOME: 32000
MISCELLANEOUS COMMENTARY:

Was going to buy a used Honda Civic. It was December 29th and decided, why not try Internet Sales from all the different dealers in my area just to see what would come up? My final budget for a car was $18,000 but a brand new Civic would be about 20K+ including every single fee. But, just for kicks, I gave it a shot. Lo and behold, 8 different dealers quoted me FAR below the price that was advertised on the websites. The winner offered me a brand spanking new 2012 Civic for $15,000, throwing in 5 oil changes, a remote starter, and a few other side things. End of the year sales rock. It ended up costing me about $16,028 including tags, titles, everything else... After the first month, I paid it off. I don't want to owe on a car, specially considering I would have had to spend on other things if I did. But I had to get "financed" to get the car that day. Oh wells! At least I saved about 4K.

[jcstarkey8826]

APPROVING BANK: Genisys Credit Union
BUREAU PULLED: TU

CREDIT SCORE: 669

CUSTOMER STATE OF RESIDENCE: MI
NEW/USED: Used
YEAR OF VEHICLE: 2011

MAKE: Dodge

MODEL: Avenger
MILEAGE: 34k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 11,569
TERM CONTRACTED:  72 Months
APR/LEASE RATE: 3.49
MONTHLY PAYMENT: $178.34

ANNUAL INCOME: 50k
MISCELLANEOUS COMMENTARY: This was full financing from our credit union. No money down. Was better rate than original Cap 1 blank check so we went with it.