Auto Loan Approvals!

[Sha80]

 Auto Loan approvals

APPROVING BANK: DCU
BUREAU PULLED: Equifax
CREDIT SCORE: 658 (carrying balances on a few 0% interest cards)
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: USED CPO
YEAR OF VEHICLE: 2012
MAKE: Audi
MODEL: A5 Prestige
MILEAGE: 21400
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 33,510
TERM CONTRACTED: 72
APR/LEASE RATE: 4.24
MONTHLY PAYMENT: 528.00
ANNUAL INCOME: 62000
DEBT TO INCOME RATIO: Unsure
MISCELLANEOUS COMMENTARY: Refinancing in 2 months. The price of the car was too good to pass up. The car has every option offered for this model.

[Sha80]

APPROVING BANK: DCU
BUREAU PULLED: Equifax
CREDIT SCORE: 658 (carrying balances on a few 0% interest cards)
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: USED CPO
YEAR OF VEHICLE: 2012
MAKE: Audi
MODEL: A5 Prestige
MILEAGE: 21400
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 33,510
TERM CONTRACTED: 72
APR/LEASE RATE: 4.24
MONTHLY PAYMENT: 528.00
ANNUAL INCOME: 62000
DEBT TO INCOME RATIO: Unsure
MISCELLANEOUS COMMENTARY: Refinancing in 2 months. The price of the car was too good to pass up. The car has every option offered for this model.

[craigmax]

APPROVING BANK: 3 RIvers Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 680, Equifax is 678 when BOFA hard pulled a 704-AUto enhanced
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: USED
YEAR OF VEHICLE: 2010
MAKE: Acura
MODEL: MDX
MILEAGE: 84,000
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $20,000
TERM CONTRACTED: 72
APR/LEASE RATE: 6.12
MONTHLY PAYMENT: 350.00
ANNUAL INCOME: 55,000
DEBT TO INCOME RATIO: 21 before
MISCELLANEOUS COMMENTARY: In the color I wanted!!  Picking it up Tuesday. Haggled from 22,900 down to 19,980. WIll attempt to refinance after a baddie falls off in January. Thanks for the suggestions and sharing experiences. Helped a ton.

[Interceptor2551]

APPROVING BANK: DCU
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 662
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: USED
YEAR OF VEHICLE: 2012
MAKE: FORD
MODEL: FUSION SEL AWD
MILEAGE:97400
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 10983
TERM CONTRACTED: 60
APR/LEASE RATE: 3.79 APR
MONTHLY PAYMENT: 201.01
ANNUAL INCOME: 20,000
DEBT TO INCOME RATIO: 21%
MISCELLANEOUS COMMENTARY:

I HAVE A 5 YR OLD BK ON MY REPORT.  APPLIED AT MY LOCAL CU BUT THEY WANTED ME TO HAVE A CO-SIGNER. THERE WAS NO WAY I WAS GOING TO PLAY BALL AND GET A CO-SIGNER SO I TRIED DCU AND THEY APPROVED ME AT A RATE FAR LESS THAN I COULD HAVE HOPED FOR AND NO CO-SIGNER REQUIRED.  ALSO WITH DCU, THE RATE GOES DOWN EVERY 3 MONTH OF ON TIME PAYMENTS BY .25% UP TO 1.5% TOTAL, SO BY THE EVENTUALLY THE APR WILL DROP TO 2.29%.  I ALSO RECEIVED AN AMAZING DEAL ON THE CAR PAYING $9995 WITH A BOOK VALUE OF $15,600 PER DCU.  I APPLIED FOR THE AUTO LOAN WITH DCU AND AFTER I WAS APPROVED I BECAME A MEMBER.  I KNOW A LOT OF PEOPLE SUGGESTED JOINING DCU FIRST AND THEN APPLYING, BUT I THINK THATS A WASTE OF TIME UNLESS YOU REALLY WANT TO MOVE YOUR ACCOUNTS THERE, OR YOU HAVE A FEAR THAT THEY WON'T OPEN A CHECKING ACCOUNT FOR YOU FOR SOME REASON.  DCU WILL DEFINITELY BE MY FIRST CHOICE FOR FUTURE LOANS FROM NOW ON!

[Nahgee]

APPROVING BANK: Exeter Finance
BUREAU PULLED: Transunion
CREDIT SCORE: 654
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: BMW
MODEL: 328i
MILEAGE: 35k
RETAIL/LEASE: Buy
AMOUNT OF LOAN: $19999
TERM CONTRACTED: 72
APR/LEASE RATE: 16%
MONTHLY PAYMENT: 428
ANNUAL INCOME: 65k
DEBT TO INCOME RATIO: ...
MISCELLANEOUS COMMENTARY: I really want to refi already. I just bought this car last month, and bc I'm not apart of a credit union my BK is still very fresh (discharge 9/2013). I need a better interest rate.

[booman]

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 668
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2014 
MAKE: Honda
MODEL: Accord
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 26438.91
TERM CONTRACTED: 60
APR/LEASE RATE: 2.09
MONTHLY PAYMENT: $440.65
ANNUAL INCOME: 
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:

[wingsabr]

APPROVING BANK: Suntrust
BUREAU PULLED: EQ
CREDIT SCORE: me, 682; wife 780
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Ford
MODEL: XLT SCREW
MILEAGE: 42
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 41k with gap
TERM CONTRACTED: 72
APR/LEASE RATE: 2.2%
MONTHLY PAYMENT: 630 per mo.
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Ford Motor came back with 8%, I laughed and asked for my keys to leave. Called a credit union rep I know, got it to 4.2. Dealer asked for one chance to beat it and Suntrust bought the loan at 2.2. 

I have almost perfect credit with three paid off vehicles and good revolving cards with high limits. The srore drop is due to 7 medical collections that were paid off....fortunately my wife's credit is very solid!! Thanks to everyone on the forums for your help

[atjohnson]

APPROVING BANK: Capital One Blank Check
BUREAU PULLED: Experian
CREDIT SCORE: 579
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Chevy
MODEL: Camaro 2LT
MILEAGE: 21K
RETAIL/LEASE: retail
AMOUNT OF LOAN: 21,300
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 16.9%
MONTHLY PAYMENT: 497.38
ANNUAL INCOME: 62,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: On my road to recovery post BK (discharged 5/23) I was able to get financed through Capital One's Blank Check program. The APR is high but I will be able to refinance after showing 6 months of good payments on my car, as well as my CC through them.

[hallas]

APPROVING BANK:  NC SECU (local credit union) and DCU
BUREAU PULLED: EQ and TU (EQ for NCSECU and both for DCU)
CREDIT SCORE:  Not sure if they used auto enhance, and neither disclosed my credit score. However, as of today, EQ FICO (myfico.com) is 702, TU is 730
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: NEW
YEAR OF VEHICLE: 2014
MAKE: Toyota
MODEL: Corolla S Plus
MILEAGE: 100 (haha)
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19100
TERM CONTRACTED: 60
APR/LEASE RATE: 2.75%
MONTHLY PAYMENT: $340 (approx)
ANNUAL INCOME: 45k
DEBT TO INCOME RATIO: 13%
MISCELLANEOUS COMMENTARY: I was approved with DCU @ 1.74, however; they were unable to verify my identity. I went with the first I applied with, NC SECU. I am very happy with the outcome. 

[-Cal-]

APPROVING BANK: Toyota Financial Services
BUREAU PULLED: EX, EQ
CREDIT SCORE: 700
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2014
MAKE: Toyota
MODEL: Prius Plug-in
MILEAGE: 2
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 27,453.20
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0.00%
MONTHLY PAYMENT: 452.97
ANNUAL INCOME: > $250k
DEBT TO INCOME RATIO: 0%
MISCELLANEOUS COMMENTARY: TU and EQ were frozen, EX auto enhanced showed < 650. EX myFICO is 686, Chase FICO is 704. I unfroze EQ (700 auto enhanced) to qualify for 0.00% APR. I originally went in with a pre-approval from Logix CU for 5.49% w/ auto-pay. 

Credit Stats:

* EX 8 inquiries (7 from 6/2014)

* EQ 4 inquiries
* 7 new accounts reporting  (an additional 4 pending before this new TL)

* 4 public records

* No collections

* No lates/derogatories

In hindsight, I should have left only EQ unfrozen since it had the least inquiries.

[mynameainttracy]

APPROVING BANK:  NFCU
BUREAU PULLED: EQ
CREDIT SCORE:  679
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: USED - Certified Preowned
YEAR OF VEHICLE: 2013
MAKE: Lexus
MODEL: RX350
MILEAGE: 24675
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30000
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $523
ANNUAL INCOME: 90k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY:  2 Years post Chapter 13 discharge. 

[mynameainttracy]

APPROVING BANK:  NFCU
BUREAU PULLED: EQ
CREDIT SCORE:  679
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: USED - Certified Preowned
YEAR OF VEHICLE: 2013
MAKE: Lexus
MODEL: RX350
MILEAGE: 24675
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30000
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $523
ANNUAL INCOME: 90k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY:  2 Years post Chapter 13 discharge.