@kk627 wrote:
@Kratos-TM wrote:
@kk627 wrote:
@Kratos-TM wrote:
@kk627 wrote:APPROVING BANK: Chase
BUREAU PULLED: Experian
CREDIT SCORE: 791 for my husband, 690 for me (auto scores)
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Jeep
MODEL: Grand Cherokee Overland
MILEAGE: 12
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $35,000
TERM CONTRACTED: 72 mos
APR/LEASE RATE: 2.15%
MONTHLY PAYMENT: $499
ANNUAL INCOME: $170,000 bewteen the both of us
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Downpayment $17000. Sticekr price $49,175, husband haggled them down to $46,000. This car is amazing, come with all the bell and whistles, stuff you didn't even know you needed.
Great interest rate through Chase! Did the dealer do that for you, or did you go to Chase yourself? Did you have a previous relationship with Chase? Asking because I have not seen rates like this outside of CU's and manufacturer incentives.
The dealer got it for us. We first went to our credit union and got approved for their best rate. Then we went to the dealer and told them if they could not beat it, we would use our CU. We were shocked when they came back with Chase of all banks. We have checking/savings/credit cards with Chase but we save all of our money at the CU.
Did you have to show them proof, or did they just take your word for it?
They Now that I think about it, they didn't ask for proof, and if they did, we didn't have it. The CU didn't give us anything in writing.
Hahaha! Excellent!.......thanks for the info. I'm gonna "bluff" my dealership into thinking my CU will give me 2% rates. And I'm not even a member of a CU...... 
justcallmetj --- I am so happy to hear your NFCU loan story! They truly are wonderful to work with. Good luck with lowering that % even more in a few months!
kk627 wrote
Great interest rate through Chase! Did the dealer do that for you, or did you go to Chase yourself? Did you have a previous relationship with Chase? Asking because I have not seen rates like this outside of CU's and manufacturer incentives.
The dealer got it for us. We first went to our credit union and got approved for their best rate. Then we went to the dealer and told them if they could not beat it, we would use our CU. We were shocked when they came back with Chase of all banks. We have checking/savings/credit cards with Chase but we save all of our money at the CU.
Did you have to show them proof, or did they just take your word for it?
They Now that I think about it, they didn't ask for proof, and if they did, we didn't have it. The CU didn't give us anything in writing.
This is exactly what we did. My score was around 710 which qualified us for the second tier through our credit union which was %2.15. The dealership asked if we would finance through them if they could beat the rate and I told them sure. They came back with %1.83 through RBS Citizens (Charterone) which is who we have our checking through.
They never asked to see our CU documents. The only time it would come in question is if for some reason they couldn't beat the CU rate. At that point you could be in a strange position because if you told them you'd use your CU then they would be expecting you to go that route.
Just do a little research on CUs and go to a credit union and become a member. Most only require $5 and allow you to apply for a loan immediately. That's all I did.
Starting Score: EQ 574 - 08.28.13
APPROVING BANK: UHaul Federal Credit Union
BUREAU PULLED: EXP
CREDIT SCORE: ~580
CUSTOMER STATE OF RESIDENCE: Arizona
NEW/USED: USED
YEAR OF VEHICLE: 2005
MAKE: Dodge
MODEL: Ram 2500
MILEAGE: 59000
RETAIL/LEASE:
AMOUNT OF LOAN: 24K
TERM CONTRACTED:
APR/LEASE RATE: 13.65 %
MONTHLY PAYMENT: $228 Bi weekly
ANNUAL INCOME: 100K
DEBT TO INCOME RATIO: UNKNOWN
MISCELLANEOUS COMMENTARY: Truck KBB is 35K, paid 27K with 3K down. Private party sale. Had collections on CR at time of APP.
$15,400 - 
$1400 Just Unsecured- 
$10500 - 
$2300