Auto Loan Approvals!

[rickjames8692]

APPROVING BANK: Hyundai Finance Company    
BUREAU PULLED: Equifax
CREDIT SCORE: 636
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Hyundai
MODEL: Elantra GT
MILEAGE: 19
RETAIL/LEASE:
AMOUNT OF LOAN: 23k
TERM CONTRACTED: 75
APR/LEASE RATE: 9.9%
MONTHLY PAYMENT: $397
ANNUAL INCOME: $36K
DEBT TO INCOME RATIO: 40%
MISCELLANEOUS COMMENTARY: Rolled negative equity from a trade with $1500 down, came from a loan with 19.9% Interest glad to be free from that.

[nismosr]

APPROVING BANK: Infiniti Financial Services
BUREAU PULLED: TU
CREDIT SCORE: 728
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: New
YEAR OF VEHICLE:2014
MAke Infiniti
MODEL: QX60
MILEAGE: 20
RETAIL/LEASE:
AMOUNT OF LOAN: $40,667
TERM CONTRACTED: 72 months
APR/LEASE RATE: 1.9
MONTHLY PAYMENT: $598
ANNUAL INCOME:
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:

[salek10]

APPROVING BANK: NMAC?

BUREAU PULLED: EX

CREDIT SCORE: 675

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New

YEAR OF VEHICLE: 2015

MAKE: Altima

MODEL: V6 3.5 SL 

MILEAGE: 15

RETAIL/LEASE: Finance

AMOUNT OF LOAN: $29,548

TERM CONTRACTED: 72

APR/LEASE RATE: 1.90

[Anonymous]

APPROVING BANK: Capital One Auto
BUREAU PULLED: All three
CREDIT SCORE: EQ 676, TU 688, EX 668
CUSTOMER STATE OF RESIDENCE: Oregon
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Subaru
MODEL: Impreza Sport Limited
MILEAGE: 33
RETAIL/LEASE: Purchase 
AMOUNT OF LOAN: 18,400
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.5%
MONTHLY PAYMENT: $327
ANNUAL INCOME: $55,000
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Purchase price was $22,800 including title and registration fees. I put $4k down.

I was approved by Capital one before I went into the dealership. They ran a credit application and the best they could through subaru finanacial was 4.1%. So I took the Cap1 offer.
 

[MTSN]

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@rickjames8692 wrote:

APPROVING BANK: Hyundai Finance Company    
BUREAU PULLED: Equifax
CREDIT SCORE: 636
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Hyundai
MODEL: Elantra GT
MILEAGE: 19
RETAIL/LEASE:
AMOUNT OF LOAN: 23k
TERM CONTRACTED: 75
APR/LEASE RATE: 9.9%
MONTHLY PAYMENT: $397
ANNUAL INCOME: $36K
DEBT TO INCOME RATIO: 40%
MISCELLANEOUS COMMENTARY: Rolled negative equity from a trade with $1500 down, came from a loan with 19.9% Interest glad to be free from that.

---

I honestly think if you shop around a little bit you can get a better interest rate. Scrolling through the boards here I've seen people with lower scores than you get well under 4%. It might be worth your time - with my quick pv calc it shows if you can get it down to 3.9% interest you'll save about $5k over the 75 month term.

[TnTNYC]

Not directed at anyone in particular, but interesting to see so many loans coming up these days are 60+ month terms.  Many for 6-7 years, even.  I would think leveraging yourself out that long on a car loan would make more folks cautious.

[sccredit]

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@TnTNYC wrote:

Not directed at anyone in particular, but interesting to see so many loans coming up these days are 60+ month terms.  Many for 6-7 years, even.  I would think leveraging yourself out that long on a car loan would make more folks cautious.

---

Average car loan in the US is now close to 6 years.  84-96 month car loans are common place.  

[Hokies2379]

APPROVING BANK: Foursight Captial
BUREAU PULLED: Experian
CREDIT SCORE: 597 (60 points higher than my 08)
CUSTOMER STATE OF RESIDENCE: IA
NEW/USED: USED
YEAR OF VEHICLE: 2014
MAKE: Hyundai
MODEL: Santa Fe GLS
MILEAGE: 22000
RETAIL/LEASE:24
AMOUNT OF LOAN: 26k
TERM CONTRACTED: 72
APR/LEASE RATE: 14.09
MONTHLY PAYMENT: $578
ANNUAL INCOME: $75+K
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY:Traded in a vehicle with almost 3K in negative equity and put $500 down. Was a little shocked that my auto enhanced score was so high (relative term) compared to my 08.  Kinda frustrating that they pulled experian bc if they had pulled TU and had the same difference (60 points) I'd be close to 700.

[cartwrna]

Where abouts in Iowa did you purchase the vehicle MANNING2379? I'm local to Ottumwa, Iowa.

[Hokies2379]

stew hansen hyundai. see gus.