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Auto Loan Approvals!

Member

Re: Auto Loan Approvals!

APPROVING BANK:  Honda Financial
BUREAU PULLED: EQ 
CREDIT SCORE:  670/683 Auto Enhanced
CUSTOMER STATE OF RESIDENCE: IN
NEW/USED: NEW :smileyhappy:
YEAR OF VEHICLE: 2014
MAKE: Honda
MODEL: Odyssey EX
MILEAGE: 5
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 34000
TERM CONTRACTED: 60
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $590 (approx)
ANNUAL INCOME: 110k
DEBT TO INCOME RATIO: 13%
MISCELLANEOUS COMMENTARY: The minimum for Tier 1 (1.9/60mon) was 690, but Honda gave us accomodation for our on-time payment record with our previous Odyssey Lease.

Cap 1 QS MC 3000 / Capital 1 QS World MC 6000 / Cap 1 QS1 Visa 500 Chase Freedom 3000 / Barclay Rewards 4850
Lowes Store 4000 / Menards 1000 / Meijer 950 / Target Store 200 / Amazon Store 1950 / Dell DPS 2500 / BBY MC 500 / Old Navy 900
Message 2331 of 3,820
New Member

Re: Auto Loan Approvals!

You are correct it is 50k miles or 4 years unless your in Europe then it switches to 2 years unlimited miles, although if you take the auto to the US they still honor the 4years 50k warranty.

Message 2332 of 3,820
New Member

Re: Auto Loan Approvals!

APPROVING BANK: Land Rover Financial (Chase)
BUREAU PULLED: Not Sure
CREDIT SCORE:  728 
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: NEW
YEAR OF VEHICLE: 2014
MAKE: Range Rover
MODEL: Evoque
MILEAGE: 45
RETAIL/LEASE: Lease
AMOUNT OF LOAN: 
TERM CONTRACTED: 36 Month
APR/LEASE RATE: 
MONTHLY PAYMENT: $499
ANNUAL INCOME: $130,000
DEBT TO INCOME RATIO: 6%
MISCELLANEOUS COMMENTARY: 

Message 2333 of 3,820
Established Member

Re: Auto Loan Approvals!

APPROVING BANK: M&T Bank
BUREAU PULLED: Equifax
CREDIT SCORE: 597
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Mercedes
MODEL: C350 Sport
MILEAGE: 85000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 18800
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 6.79
MONTHLY PAYMENT: 362
ANNUAL INCOME: fluctuates due to military duty but between 70-80k
DEBT TO INCOME RATIO: 70%ish?
MISCELLANEOUS COMMENTARY: didn't trade in a vehicle. Most of my debt is school loan related. Have had credit history for 8 years. Was approved through Cap One and Wells Fargo as well with similar rates through the dealer up to 24K. Payment includes warranty of $30/month. Put 3k down upfront. Would have been 7.29% APR if I chose to do no down payment.
Deployed Army Lieutenant
-------------------------------------------------------------------------
Starting Score: June 2014: EQ - 597, TU - 590, EX - 598
January 2015: EX - 655 (Citi Card) TU - 699 (Walmart) 657 (Cap One)
June 2017 EX - 710 TU 720 EQ - 719
--------------------------------------------
Military Star 5660 Walmart 1500 Cap1 Secured 750 Citi Prestige 3200 Citi Forward 6960 NFCU nRewards 18000 Cap 1 Venture 10000 Cap1 QS One 2000 BOA 5500 NavCheck 15000 Penfed 7000 Penfed PLOC 10000 Chase MWR 500 USAA MC 2800 AMEX BCE 3900 Discover it 3500 AMEX PRG AMEX Platinum
Message 2334 of 3,820
Frequent Contributor

Re: Auto Loan Approvals!

APPROVING BANK: DCU
BUREAU PULLED: Equifax
CREDIT SCORE: 674
CUSTOMER STATE OF RESIDENCE: MA
NEW/USED: Used (Refinance)
YEAR OF VEHICLE: 2011
MAKE: Nissan
MODEL: Versa
MILEAGE: 82,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $10,963.77
TERM CONTRACTED: 48 months
APR/LEASE RATE: 4.24%
MONTHLY PAYMENT: $248
ANNUAL INCOME: $74,000
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Refinance through DCU, had a loan through Consumer Portfolio Services because my scores were so low that no one else would finance me (scores in 570s). Old loan was for 14k at 19.99% for 72 months, so this is a huge improvement. Saving $100/mo!

Starting score 3/30/13: 570s across the board
As of 3/14/17: EX 722 | EQ 780 | TU 779

CSR 34K | Citi Dividend 3.9K | Barclay Rewards MC 15K | DCU Plat Visa 10K | Amex SPG 24K | Amex PRG NPSL | Amex Green NPSL | Amex EveryDay 4.5K | Cap One Venture 20K | SFCU Visa 15K | Barclay Arrival+ 24K (AU) | BankAmericard 13.5K (AU)

Message 2335 of 3,820
New Visitor

Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 729
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Ford
MODEL: Fusion SE
MILEAGE: 8
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $18,013
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $314
ANNUAL INCOME: 69k
DEBT TO INCOME RATIO: ~15%
MISCELLANEOUS COMMENTARY: 18,000  is from 2,000 in cash rebates + trade in

Message 2336 of 3,820
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Missouri Valley Federal Credit Union
BUREAU PULLED: EQ 
CREDIT SCORE: 651
CUSTOMER STATE OF RESIDENCE: MO
NEW/USED: USED
YEAR OF VEHICLE: 2012
MAKE: Ford
MODEL: Fusion SEL ~ Loaded with options!
MILEAGE: 15,222
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $15,363
TERM CONTRACTED: 72
APR/LEASE RATE: 5.99%
MONTHLY PAYMENT: $254
ANNUAL INCOME: $28,250
DEBT TO INCOME RATIO: Dunno.
MISCELLANEOUS COMMENTARY: So thrilled to make this deal, this is the nicest car I've ever owned! It's also the first time that I didn't financially screw myself on an auto purchase. We were famous for trading in every few years and rolling over tons of negative equity due to very high interest rates due to very bad credit. Lather, rinse, repeat. A few months ago I found this awesome budgeting software that has completely changed our outlook on money, and subsequently has changed our entire lives. We decided that my 2007 Chevy Cobalt with almost 100k miles was nearing some pretty major repairs that we just didn't want to tackle. I still owed $3000 on it and was worried about getting it paid off on trade. I went to my credit union and asked for a loan, which they very easily approved for me at an awesome rate. Roadloans and CapitalOne wanted to charge me 18-20%! I researched car buying and negotiation tips since I was actually able to SHOP for the first time ever because I had a preapproval behind me. I got a cash offer of $4000 for my car from Carmax, then went to a dealer. I got them talked down from a $19k sticker price to $16,200 out-the-door, and they gave me $4,200 in trade-in for my car. I've NEVER had positive equity on a vehicle before! They didn't even hassle me to buy GAP or extra warranties (I bought GAP from my credit union). Fastest and easiest car-buying experience ever. But the best part is that the car is valued at $18-20k, so I have instant equity and a car that's loaded to the brim with bells and whistles and hardly any miles. I'm on cloud nine from my wheeling and dealing!!!

Ch.7 BK ~ Discharged 4/08
CapOne QS (8/14) ~ $11,000CL | SallieMae (4/15) ~ $4,710CL | CapOne Plat-AU (4/15) ~ $1,000CL | MOVFCU (5/15) ~ $3,000CL | DCU Visa (6/15) ~ $2,000CL | CapOne Venture (6/15) ~ $14,000CL | DiscoverIT (3/16) ~ $6,000CL | Barclay Arrival+ (3/16) ~ $5,950CL | Target (4/16) ~ $1,000CL | Lowe's (4/16) ~ $1,400CL | Hot Topic (4/16) ~ $500CL | Amazon (7/16) ~ $1,500CL | CapOne QS (7/16) ~ $5,000CL
Message 2337 of 3,820
Valued Contributor

Re: Auto Loan Approvals!


Chrisla2077 wrote:

APPROVING BANK: Santander Consumer (Roadloans.Com)
BUREAU PULLED: Experian
CREDIT SCORE: 589 ...lender pull
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Honda 
MODEL: Accord LX
MILEAGE:36000
RETAIL/LEASE:Retail
AMOUNT OF LOAN: 17749 w/ Gap
TERM CONTRACTED: 72 mos
APR/LEASE RATE: 20.49
MONTHLY PAYMENT: 422
ANNUAL INCOME: 51,000
DEBT TO INCOME RATIO: Not Sure
MISCELLANEOUS COMMENTARY: HORRIBLE TERMS...but it's the best I could do. Hope to refinance in 6 mos to a year.


 

Holy **bleep**!!! that is the highest APR I have ever seen. If you follow that term for 72 months the interest accrued will be $13,225!!!!!!!!! that's insane

"I am become death, the destroyer of worlds"
Message 2338 of 3,820

Re: Auto Loan Approvals!

APPROVING BANK: Hyundai motor Finance

BUREAU PULLED: EQ

CREDIT SCORE: 534

CUSTOMER STATE OF RESIDENCE: SC

NEW/USED: New

YEAR OF VEHICLE: 2014

MAKE: Hyundai

MODEL: Sonata Hybrid Limited

MILEAGE: 108

RETAIL/LEASE: retail

AMOUNT OF LOAN: 34,750

TERM CONTRACTED: 72 months

APR/LEASE RATE: 8.79

MONTHLY PAYMENT: 625.77

ANNUAL INCOME: 100,000

DEBT TO INCOME RATIO: not sure

MISCELLANEOUS COMMENTARY: I was buried in a loan thanks to Santander (25% eeekkk), I have another hybrid with 18 months of positive pay history so I knew that HMF would do me right. Considering I was ridiculously upside down I am happy with the deal I got, I traded a 2010 fusion with 83k miles that i owed 12,500. I knew I was going to eat it some in the payment but its worth it to get out from under that interest rate. Now I will have all credit cards paid off by the end of the year and then look to refinance both of my HMF loans.

NFCU nRewards Secured - $500 (opened 3/16) | NFCU CashRewards - $5500 (opened 10/16) | NFCU Platinum - $6700 (opened 10/16) | NFCU Platinum - $2500 (opened 2/17) | Synchrony car care - $5000 (opened 4/17) | Old Navy - $3000 (opened 4/17) | American Eagle - $280 (opened 4/17) | TJ Maxx - $400 (opened 4/17) | Kohls - $300 (opened 1/17)

Current Scores: EQ - 519 EX - 524 TU - 530
Message 2339 of 3,820
Highlighted
Contributor

Re: Auto Loan Approvals!


jessientyler0726 wrote:

APPROVING BANK: Hyundai motor Finance

BUREAU PULLED: EQ

CREDIT SCORE: 534

CUSTOMER STATE OF RESIDENCE: SC

NEW/USED: New

YEAR OF VEHICLE: 2014

MAKE: Hyundai

MODEL: Sonata Hybrid Limited

MILEAGE: 108

RETAIL/LEASE: retail

AMOUNT OF LOAN: 34,750

TERM CONTRACTED: 72 months

APR/LEASE RATE: 8.79

MONTHLY PAYMENT: 625.77

ANNUAL INCOME: 100,000

DEBT TO INCOME RATIO: not sure

MISCELLANEOUS COMMENTARY: I was buried in a loan thanks to Santander (25% eeekkk), I have another hybrid with 18 months of positive pay history so I knew that HMF would do me right. Considering I was ridiculously upside down I am happy with the deal I got, I traded a 2010 fusion with 83k miles that i owed 12,500. I knew I was going to eat it some in the payment but its worth it to get out from under that interest rate. Now I will have all credit cards paid off by the end of the year and then look to refinance both of my HMF loans.


That's a really awesome rate for your score. And yeah, Santander is a predatory bunch. Glad you got out from under them.

EQ 616 TU 638 EX 642 - MyFICO 4/2015

previously: EQ 578 TU 613 EX 614 - MyFICO 2/2015
Message 2340 of 3,820