Auto Loan Approvals!

[Klesko]

APPROVING BANK: WELLS FARGO
BUREAU PULLED: EQ
CREDIT SCORE: EQ 682
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: USED
YEAR OF VEHICLE: 2014
MAKE: Audi
MODEL: S4
MILEAGE: 2600
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $45,000
TERM CONTRACTED: 72
APR/LEASE RATE: 2.49%
MONTHLY PAYMENT: 674
ANNUAL INCOME: 120,000
DEBT TO INCOME RATIO: 32%
MISCELLANEOUS COMMENTARY: Wells Fargo first came back with 5.49% through the dealership. I went to Alliant and they offered 2.99%. Dealership then went to Wells Fargo and they countered at 2.49% and I took that offer. 

[Anonymous]

Congrats!!!! How soon after discharge did you apply? I'm due to be discharged this week and néed a vehicle asap! Also, did u go through there blank check program?

[Anonymous]

I applied with the dealership the same day as my discharge. I applied for the Capital One Blank check online but I was denied. The dealer got me approved through Capital One!! The APR is high but I plan to refinance in 6-12 months.

[salem]

APPROVING BANK:  Honda Financial

BUREAU PULLED:  TransUnion

CREDIT SCORE:  636

NEW/USED:  New

YEAR OF VEHICLE:  2015

MAKE:   Honda

MODEL:  Civic LX

MILEAGE:  3

RETAIL/LEASE:  Lease

AMOUNT OF LOAN: 

TERM CONTRACTED:  36 month lease, 12k miles per year

APR/LEASE RATE:  Not sure

MONTHLY PAYMENT:  $222.86 with zero down

ANNUAL INCOME:  $80,000

DEBT TO INCOME RATIO:  24%

MISCELLANEOUS COMMENTARY:  I do not  know if that was an AUTO Enhanced Score but I was worried about our approval.  Our sales guy told me that they only ever pull TransUnion.  I went in specifically wanting the new Civic with exactly this price per month for lease that was advertised on their webiste (top tier credit only).  It was a take it or leave it deal for me as I didn't "need" a new car, it was more of a want. I traded in my 2010 Toyota Corolla and they paid off my trade fully. 

[Ragelog]

Did you have positive equity in your Camry?

[Anonymous]

hey quick question...

i my credit is 681... i just started working on my credit like a year ago. im really into jeep grand cherokee id love to finance one. what are the chances im gonna get approved...anyone?? the same experience?

[cartwrna]

This thread is for auto loan approvals Caroline1111, Id post your question directly in the auto loan forum as a new thread.

[salem]

Ragelog are you referring to my corolla ? If so then they were offering a special deal on trades which was getting 120% off the NADA value. I was able to get enough to pay my car off completely which was My main concern because I didn't want any negative equity rolled into my lease.

[Ragelog]

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@salem wrote:
Ragelog are you referring to my corolla ? If so then they were offering a special deal on trades which was getting 120% off the NADA value. I was able to get enough to pay my car off completely which was My main concern because I didn't want any negative equity rolled into my lease.

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Yes your Corolla. I was wondering how you got the deal with nothing down that explains it. With the 120% they probably got down payment from that is my guess.

[armywifelong03]

APPROVING BANK: Ford Motor Credit
BUREAU PULLED: No clue
CREDIT SCORE: 678
CUSTOMER STATE OF RESIDENCE:  TX
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Ford
MODEL: Explorer
MILEAGE: 34
RETAIL/LEASE: 37702
AMOUNT OF LOAN: Same
TERM CONTRACTED: 60
APR/LEASE RATE: 1.9%