Auto Loan Approvals!

[Anonymous]

APPROVING BANK: NAVY FEDERAL
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 783
CUSTOMER STATE OF RESIDENCE: FLORIDA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: LAND ROVER
MODEL: RANGE ROVER SPORT HSE
MILEAGE: 33290
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 34450
TERM CONTRACTED: 72
APR/LEASE RATE: 5.2%
MONTHLY PAYMENT: $561
ANNUAL INCOME: 85K
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: First got approved through Carmax and them apped to NFCU and it lowered by .5% ... can I get a better deal?

[stagefoursurvivor]

I would check with PenFed, DCU & USAA. That APR seems very high with your score, havta think sub-3 or even sub-2%

[jacksont1981]

---

@Anonymous wrote:

APPROVING BANK: NAVY FEDERAL
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 783
CUSTOMER STATE OF RESIDENCE: FLORIDA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: LAND ROVER
MODEL: RANGE ROVER SPORT HSE
MILEAGE: 33290
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 34450
TERM CONTRACTED: 72
APR/LEASE RATE: 5.2%
MONTHLY PAYMENT: $561
ANNUAL INCOME: 85K
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: First got approved through Carmax and them apped to NFCU and it lowered by .5% ... can I get a better deal?

---

That rate seems high for your scores and salary. People will lower scores are getting lower rates. As stagefour said check with DCU

[Anonymous]

---

@Anonymous wrote:

APPROVING BANK: NAVY FEDERAL
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 783
CUSTOMER STATE OF RESIDENCE: FLORIDA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: LAND ROVER
MODEL: RANGE ROVER SPORT HSE
MILEAGE: 33290
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 34450
TERM CONTRACTED: 72
APR/LEASE RATE: 5.2%
MONTHLY PAYMENT: $561
ANNUAL INCOME: 85K
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: First got approved through Carmax and them apped to NFCU and it lowered by .5% ... can I get a better deal?

I have lower scores and financed my Accord through NFCU and got 4.29% over 72 months.  I suspect that the issue is the year of your car. NFCU raises their rates for cars more than 3 years old, I suspect this is their standard rate for this year of car .  I am sure you can find better financing assuming your LTV is ok.  

[Princess9483]

APPROVING BANK: USF Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 600
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: Used but didn't matter
YEAR OF VEHICLE: 2008
MAKE: Toyota
MODEL: Matrix
MILEAGE: 45,568
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $10,649
TERM CONTRACTED: 60
APR/LEASE RATE: 8.24%
MONTHLY PAYMENT: $221.76
ANNUAL INCOME:
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: I also got GAP coverage and life insurance on the car. I was approved for either 7.25% for 48 mos or 8.24% for 60 mos up to $11k. My previous car was totalled and I was left with almost $3k after the bank was paid off. Since my previous payment was straining my current budget I decide to go for a cheaper payment with a 5yr loan plus I was able to save $2k for any incidentals that may come up, i.e. car repairs. 

[Anonymous]

APPROVING BANK: DCU + 
BUREAU PULLED: EQUIFAX
CREDIT SCORE: 605
CUSTOMER STATE OF RESIDENCE: illinois
NEW/USED: USED
YEAR OF VEHICLE: undetermined
MAKE: Undetermined
MODEL: Undetermined
MILEAGE: ~
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 10-15k
TERM CONTRACTED: 36 months
APR/LEASE RATE: 3.5%
MONTHLY PAYMENT: $327
ANNUAL INCOME: 36K
DEBT TO INCOME RATIO: 14%
MISCELLANEOUS COMMENTARY: First off thanks to everyone who helped me learn what I have on auto loans.  I had an extremelyshort credit history and some dings from missed medicals.  I was only 20 years old when I was applying for this loan.  I was approved by DCU originally then went tomy bank in hopes of beating it and they landed me a 3.5% because I had been with them for 5 years with no late or over drafts!  DCU was originally at 6.5 I believe but that could be off! I ended up with a private party loan for a 2000 Ford F-350.  

[JRadV]

sam8181 - the only thing I can find is the paper the finance office gave me that listed the score (567) and bureau pulled (Equifax). It doesn't list any other details, like the score version or anything else. When I look at the credit alert through myFICO, it also just lists that a pull came in against EQ and EX, but doesn't list which score version was pulled. Is there any other way for me to look that up?

[Anonymous]

APPROVING BANK: DCU
BUREAU PULLED: Equifax
CREDIT SCORE: 706
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED:Used
YEAR OF VEHICLE: 2010
MAKE: Mercedes Benz
MODEL: c300 4matic
MILEAGE: 50k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 16,500
TERM CONTRACTED: 4 years
APR/LEASE RATE: 1.74
MONTHLY PAYMENT: 356
ANNUAL INCOME: 120k
DEBT TO INCOME RATIO: 9% at this time
MISCELLANEOUS COMMENTARY: Approved for auto loan first, and applied for their membership, and they dont tell you which documents to submit to them, unless you call them. Approved for their membership 2 days later. This is my first auto loan. I am thrilled.

[Anonymous]

APPROVING BANK: Prospectors credit union
BUREAU PULLED: FICO
CREDIT SCORE: 651
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2011 and newer
MAKE: NA
MODEL: NA 
MILEAGE: Less than 90k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $15,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.74%
MONTHLY PAYMENT: TBD
ANNUAL INCOME: $34,000
DEBT TO INCOME RATIO: ~10%
MISCELLANEOUS COMMENTARY: only have 2 accounts on my CR. a charge off 6 years old for $900, and a $200 secure credit card that I've had for about 6 months in good standing.

[ds3]

APPROVING BANK: Audi Financial
BUREAU PULLED: All 3
CREDIT SCORE: 671 Auto-Enhanced EQ
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Audi
MODEL: Q5 Premium Plus TDI
MILEAGE: 4
RETAIL/LEASE: Loan
AMOUNT OF LOAN: 58,000
TERM CONTRACTED: 72
APR/LEASE RATE: 3.9
MONTHLY PAYMENT: $889
ANNUAL INCOME: 152,000
DEBT TO INCOME RATIO: 35%
MISCELLANEOUS COMMENTARY: Third loan in as many years with VW/Audi FS. Apped online, instant approval. VW/Audi is VERY loyal to their customers, which is why the rate vs. fico score. I was offered 1.9 at 36 mos., 2.9 at 60 mos, and 3.9 at 72 mos. Went with 72 just in case I need the cushion some months, but plan to pay it off in 55-60 mos.