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Regular Contributor
Posts: 175
Registered: ‎08-26-2012
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Re: Auto Loan Approvals!

APPROVING BANK: Suncoast Schools Federal Credit Union
BUREAU PULLED: Equifiax
CREDIT SCORE: 698
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Dodge
MODEL: Avenger
MILEAGE: 32,198
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 17,200 (2K Down, Gap coverage, 7/100K warranty, etc)
TERM CONTRACTED: 72 mos.
APR/LEASE RATE: 5.25%
MONTHLY PAYMENT: $296
ANNUAL INCOME: $21K
MISCELLANEOUS COMMENTARY: Happy!!! Only have had credit for about a year now. Not even. Pretty proud of how far I have came! This right here is the reason I got into credit. Can't be approved without it!!!
CSP $9500, Chase Freedom Sig Visa $5000, Capital One VentureOne Sig Visa $5000, Citi ThankYou Preferred Sig Visa $5000, Capital One Quick Silver MasterCard $4000, Amazon Store Card $4000, Citi Simplicity Visa $4000, Fidelity AMEX $4000, Sallie Mae Mastercard $2000, AMEX BCE $2000, AMEX Everyday $2000, Amazon Reward Visa $1800, Barclays Apple Visa $1700, Discover IT $1800, Suncoast FCU $1000, Target REDCard $700

Current Scores: EQ 701 (Fico), EX 707 (Fico) **In the Garden unti....forever.
Frequent Contributor
Posts: 378
Registered: ‎12-10-2012
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Re: Auto Loan Approvals!


Spoolingbyu wrote:
APPROVING BANK: Suncoast Schools Federal CU
BUREAU PULLED Experian
CREDIT SCORE: 589 auto enhanced. 
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Ford
MODEL:  Mustang GT Premium w/ vortech super charger
MILEAGE: 30102
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $27129 ($5000 Down)   Includes Gap and 6/72k full extended warranty.
TERM CONTRACTED:72 
APR/LEASE RATE:7.75
MONTHLY PAYMENT: 473
ANNUAL INCOME: $61k
MISCELLANEOUS COMMENTARY:  I  have seven medical collections that have been paid and haven't updated on my TU and EQ reports and should be updated this month.  I was turned down by every bank including  both BoA and my personal CU for loans and both have  checking accounts with $10k+ in each of them.  My EX report has only one collection  that is in dispute cause it was paid to the OC before it went to the CA.  My fako pulled score is 515 with one credit card showing a 83% utilization  which has a $200 limit that I PIF every time it's used. I used it with out realizing it was the day before reporting and there is a 3 day wait before I could pay it.   
 
I have one auto loan ($430.00 Month) with Santander already with a 24% interest rate which they approved me for another loan as well, but only if I traded my old car in and it was at 18% apr.

 

 

I super excited.  I wasn't even going to try to purchase another vehicle until my credit reports updated but  my 1 year old threw up in the car so we pulled over at the Toyota dealer to clean her up and a swarm of  sales guys came over trying to sell my wife a Mini van.  She mentioned that if we buy anything it will be a mustang and the sales guy said "today is your lucky day, we just got a trade in this morning you might be interested in."   They said it was a one owner bone stock car.  When they gave me the keys and I cranked it up first thing I heard was the vortech charger.  I cut it off and said lets do paper work. The salesmen said he was going  to let the maintenance department check out the noise but I told him its  power steering noise on cold start up and it is normal with mustangs.  Either way I got the car wanted to begin with, the color I want, fully loaded, and supercharged already.  I'm ecstatic.  I can't go to sleep.

 

Lol at the dealership not recognizing the supercharger.  Congrats on finding this steal. 

NFCU Sig Cash-20k/ Amex BCP-19.4k/ Amex Costco-1.2k/Chase Marriott-12k/CSP-13.4k/ Freedom-5.5k/ Discover IT-14k/NCSECU-5k/Walmart-10k/Lowes-25k
New Contributor
Posts: 69
Registered: ‎09-13-2012
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Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal
BUREAU PULLED: EQ
CREDIT SCORE: 680
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Dodge
MODEL: Journey
MILEAGE: 110
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 15,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: 270
ANNUAL INCOME: 55,000
MISCELLANEOUS COMMENTARY: Trade in 2500 plus 2500 Down 

Starting Score: FICO EX 580ish (JAN 2008)
Current Score: Walmart TU695 USAA EX 682 CK 657 CS 687(June 2013)
Goal Score: 740+

Last APP 4/9/13 Current Wallet: Discover It 6,000 NFCU Cash Rewards 10,000 Chase Sapphire 5,000 Wal-Mart 3,000 BoA Travel Rewards 2,500 Paypal Extras MC 2,000Capital One Platinum 1,750 USAA secured 850
Valued Contributor
Posts: 1,540
Registered: ‎10-25-2011
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Re: Auto Loan Approvals!

APPROVING BANK: Local CU
BUREAU PULLED: EQ
CREDIT SCORE: 715
CUSTOMER STATE OF RESIDENCE: MN
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Ford
MODEL: Escape
MILEAGE: 52,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 21k
TERM CONTRACTED: 72 months
APR/LEASE RATE: 5.99%
MONTHLY PAYMENT: 340
ANNUAL INCOME: 95,000
MISCELLANEOUS COMMENTARY: Trade in (-3k Equity) plus 1k down 
----- IF you find my post helpful, Select the star in the KUDOS button! :smileyhappy:
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Member
Posts: 20
Registered: ‎01-01-2013
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Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal
BUREAU PULLED: Not sure, I think all 3
CREDIT SCORE: didn’t tell me, but mortgage broker pulled last week 618
CUSTOMER STATE OF RESIDENCE: CO
NEW/USED: Refinance
YEAR OF VEHICLE: 2005

MAKE: BMW    

MODEL: X5
MILEAGE: 120,000
RETAIL/LEASE: RETAIL/REFINANCE
AMOUNT OF LOAN: $14,065
TERM CONTRACTED: 60 MONTHS
APR/LEASE RATE: 4.49
MONTHLY PAYMENT: 263

ANNUAL INCOME: 107,500
MISCELLANEOUS COMMENTARY:

I cannot believe I was approved at that rate!  The original loan on this car was $18,800 at 22% interest!  That loan was originated in Nov. 2010.  We have been working on really trying to improve our credit so that we can buy a home again.  I was approved by myself; I didn’t want my husband to be on the loan because he had a prior voluntary repossession.  This board has helped us so much and I still cannot believe it.  I was looking for some new credit entries per the recommendation of our mortgage broker.  She said because our DTI was so low (16%) that we actually should go out and buy a new car.  However, we didn’t want to spend the money so I thought I would take a shot at refinancing and it worked.  I love NAVY FEDERAL!!!!!!!

Regular Contributor
Posts: 190
Registered: ‎08-12-2012
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Re: Auto Loan Approvals!

[ Edited ]

Schoolbuskid wrote:
This thread is to be used for your Auto Loan Approvals just copy and paste!
 
APPROVING BANK:
BUREAU PULLED:
CREDIT SCORE:
CUSTOMER STATE OF RESIDENCE:
NEW/USED:
YEAR OF VEHICLE:
MAKE:
MODEL:
MILEAGE:
RETAIL/LEASE:
AMOUNT OF LOAN:
TERM CONTRACTED:
APR/LEASE RATE:
MONTHLY PAYMENT:
ANNUAL INCOME:
MISCELLANEOUS COMMENTARY:





Message Edited by Schoolbuskid on 05-31-2008 09:46 AM


***** I edit the amount of price *******


APPROVING BANK: AmeriCredit

BUREAU PULLED: All
CREDIT SCORE: 560-600
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2010

MAKE: Mazda

MODEL: 5Dr HB S
MILEAGE: 30,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30,080   $18,365<--- this amount on Credit Report

TERM CONTRACTED: 72mos
APR/LEASE RATE: 17.95%
MONTHLY PAYMENT: $417.78
MISCELLANEOUS COMMENTARY: I can only hope I made the right decision being that the APR is high.

As of 9/13"
Starting Score: 600
Goal Score: 740
Garden till 10/14"
Frequent Contributor
Posts: 340
Registered: ‎07-27-2011
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Re: Auto Loan Approvals!


Flying_High wrote:

APPROVING BANK: AmeriCredit

BUREAU PULLED: All
CREDIT SCORE: 560-600
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2010

MAKE: Mazda

MODEL: 5Dr HB S
MILEAGE: 30,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30.080
TERM CONTRACTED: 72mos
APR/LEASE RATE: 17.95%
MONTHLY PAYMENT: $417.78
MISCELLANEOUS COMMENTARY: I can only hope I made the right decision being that the APR is high.


A 3.5 year old Mazda used with 30,000 miles for $30,000.00??????  How much did you roll over?  Your auto loan doesn't add up.  $30,080.00 over 72 months @ 17.95% interest, should be around a $685.00 payment, with total amount of payments equaling $49,320.00 


Starting Score: 521 TU, 597 EQ, 574 EX on 6/20/2011
Current Score: 753 TU, 764 EQ, 766 EX on 02/17/2014
Goal Score: 720-740 Across the board


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Regular Contributor
Posts: 190
Registered: ‎08-12-2012
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Re: Auto Loan Approvals!

[ Edited ]

mtrsprt wrote:

Flying_High wrote:

APPROVING BANK: AmeriCredit

BUREAU PULLED: All
CREDIT SCORE: 560-600
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2010

MAKE: Mazda

MODEL: 5Dr HB S
MILEAGE: 30,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30.080
TERM CONTRACTED: 72mos
APR/LEASE RATE: 17.95%
MONTHLY PAYMENT: $417.78
MISCELLANEOUS COMMENTARY: I can only hope I made the right decision being that the APR is high.


A 3.5 year old Mazda used with 30,000 miles for $30,000.00??????  How much did you roll over?  Your auto loan doesn't add up.  $30,080.00 over 72 months @ 17.95% interest, should be around a $685.00 payment, with total amount of payments equaling $49,320.00 


Nope thats all right this is what it saids on paper.

 

APR %17.95  Number of payments 72, Bill beg 04/09/13 of $417.78 yes this is my first payment.

 

Cash price of vehicle $16,500 + tax fee came to $17,563.00 I put down $1,250.00 Total $18,213.00

 

Finance charge me $11,867.16 + $18,213.00 = $30,080.16  Total Sale Price $31,330.16 - $1,250 = $30,080

As of 9/13"
Starting Score: 600
Goal Score: 740
Garden till 10/14"
Regular Contributor
Posts: 176
Registered: ‎04-19-2011
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Re: Auto Loan Approvals!

Ah, he included the interest in the amount of loan. It was really only $18k.


03/19/2011 EQ: 627 EX: 602 TU 590 (lender pull) 07/16/2011 EQ: 646 EX: 629 TU 647 Fell off the wagon in 2012. Starting over in 2013.Current Score: 01/07/2013 EQ: 646 EX: ??? TU 608 Goal Score: 700 club

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Regular Contributor
Posts: 190
Registered: ‎08-12-2012
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Re: Auto Loan Approvals!


mahiven wrote:
Ah, he included the interest in the amount of loan. It was really only $18k.

Yeah he did, Its ok tho I plan on paying it off within 3 years.

As of 9/13"
Starting Score: 600
Goal Score: 740
Garden till 10/14"
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