Auto Loan Approvals!

[stagefoursurvivor]

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@Schoolbuskid wrote:

Credit to MarvBear for an excellent idea on another forum; this thread is to be used for your Auto Loan Approvals just copy and paste!

APPROVING BANK: PenFed
BUREAU PULLED: Eq
CREDIT SCORE: 700?
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Volvo
MODEL: S60 AWD
MILEAGE: 94000
RETAIL/LEASE: Retail

AMOUNT OF LOAN: 7500
TERM CONTRACTED: 36
APR/LEASE RATE: 1.99
MONTHLY PAYMENT: 215
ANNUAL INCOME: $100K+
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: 3 different approvals in past month, 2 loans, all sub-2.24%. Research & patience pays off. I just tell the dealer F&I guys...no thank you.

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[tonyjones]

PenFed and DCU seems to be the best two for lowest APR!

[bb1248]

APPROVING BANK: DCU
BUREAU PULLED: Eq
CREDIT SCORE: 709 (suprised I thought I was in the 670s according to myFico pulls)
CUSTOMER STATE OF RESIDENCE: MI
NEW/USED: USED
YEAR OF VEHICLE: 2012
MAKE: JEEP
MODEL: Grand Cherokee Overland Summit (CPO)
MILEAGE: 66,888
RETAIL/LEASE: Retail
AMOUNT OF LOAN: Requested and was approved for $25,000 - Used $23,499.99
TERM CONTRACTED: 65 mo
APR/LEASE RATE: 2.24
MONTHLY PAYMENT: 384.24
ANNUAL INCOME: 60k
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: DCU was great to work with. Almost everything was taken care of online, how I prefer it.  All the stress and headache came from the dealerships. I ended up working on deals with several and eventually got the exact Jeep I wanted for the price I wanted and even got a couple extras added on but it took a couple days of negotiaing. Ended up being worth it. Can't wait to pickup my new car Tuesday.

[tonyjones]

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@bb1248 wrote:

APPROVING BANK: DCU
BUREAU PULLED: Eq
CREDIT SCORE: 709 (suprised I thought I was in the 670s according to myFico pulls)
CUSTOMER STATE OF RESIDENCE: MI
NEW/USED: USED
YEAR OF VEHICLE: 2012
MAKE: JEEP
MODEL: Grand Cherokee Overland Summit (CPO)
MILEAGE: 66,888
RETAIL/LEASE: Retail
AMOUNT OF LOAN: Requested and was approved for $25,000 - Used $23,499.99
TERM CONTRACTED: 65 mo
APR/LEASE RATE: 2.24
MONTHLY PAYMENT: 384.24
ANNUAL INCOME: 60k
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: DCU was great to work with. Almost everything was taken care of online, how I prefer it.  All the stress and headache came from the dealerships. I ended up working on deals with several and eventually got the exact Jeep I wanted for the price I wanted and even got a couple extras added on but it took a couple days of negotiaing. Ended up being worth it. Can't wait to pickup my new car Tuesday.

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Congrats man! yeah I plan on getting a auto loan from them in a future. Did they just mail you a blank check?

[1fstgixer]

APPROVING BANK: NFCU
BUREAU PULLED: EX
CREDIT SCORE: 680 per approval
CUSTOMER STATE OF RESIDENCE: MA
NEW/USED: will be Pre-loved
YEAR OF VEHICLE: 2012-2104
MAKE: Chevy
MODEL: Suburban LTZ
MILEAGE:
RETAIL/LEASE: retail
AMOUNT OF LOAN: $40,000
TERM CONTRACTED: 72
APR/LEASE RATE: 2.99
MONTHLY PAYMENT: 607 
ANNUAL INCOME: $150k: 
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: 16 months post chapter 7 discharge, pre-approval with 60 days to find the right one for DW!

DCU decline, too soon after BK.

[Blackice7888]

APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE: 800ish
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: New/Refinance
YEAR OF VEHICLE: 2016
MAKE: Mazda
MODEL: CX-5 Grand Touring AWD
MILEAGE: 980
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 20,740
TERM CONTRACTED: 71
APR/LEASE RATE: 2.29
MONTHLY PAYMENT: 313
ANNUAL INCOME: 30,000
DEBT TO INCOME RATIO: 24%
MISCELLANEOUS COMMENTARY: Ended up refinancing after I made my first payment to BofA. A friend/coworker referred me to NFCU. I never thought I would be eligible for membership, but after calling member services to see, it turns out that I was eligible through my dads 30 years in the army. He's not a NFCU member himself. After joining and setting up a checking and savings account, I was transferred to the loan dept and was instantly approved for the refi at new car rates. The entire process only took 25 mins from start to finish! I was able to pick up the payoff check the next morning at my local branch and take it to  BofA. I'm loving NFCU so far!

[Mikey41]

APPROVING BANK: Chase
BUREAU PULLED: Experian
CREDIT SCORE: 740
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: Refinanced
YEAR OF VEHICLE: 2014
MAKE: Toyota
MODEL: Corolla
MILEAGE: 21000
RETAIL/LEASE: refinance
AMOUNT OF LOAN: 13600
TERM CONTRACTED: 48
APR/LEASE RATE: 2.53
MONTHLY PAYMENT: 300
ANNUAL INCOME: $52 000
DEBT TO INCOME RATIO: N/A
MISCELLANEOUS COMMENTARY:

[Anonymous]

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@Blackice7888 wrote:

APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE: 800ish
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: New/Refinance
YEAR OF VEHICLE: 2016
MAKE: Mazda
MODEL: CX-5 Grand Touring AWD
MILEAGE: 980
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 20,740
TERM CONTRACTED: 71
APR/LEASE RATE: 2.29
MONTHLY PAYMENT: 313
ANNUAL INCOME: 30,000
DEBT TO INCOME RATIO: 24%
MISCELLANEOUS COMMENTARY: Ended up refinancing after I made my first payment to BofA. A friend/coworker referred me to NFCU. I never thought I would be eligible for membership, but after calling member services to see, it turns out that I was eligible through my dads 30 years in the army. He's not a NFCU member himself. After joining and setting up a checking and savings account, I was transferred to the loan dept and was instantly approved for the refi at new car rates. The entire process only took 25 mins from start to finish! I was able to pick up the payoff check the next morning at my local branch and take it to  BofA. I'm loving NFCU so far!

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Congrats on the refi and mostly on becoming a member of NFCU, they are fantastic to deal with.  Even though the closest branch is 100 miles away from me I am making them my primary bank because the service is amazing.

[Anonymous]

Approving bank: Bank of America
Score Pulled : Equifax auto enhanced (fico 8 pretty sure)
Score: 720
State: MO
Used vehicle
Approved for 28,500
Year: 2014
Make :Ford
Model: Mustang GT Premium
Term:72 mos
Interest rate: 3.64%

This is so awesome. Got approved online instantly and got my preapproval letter to take to my dealer 10 minutes later. Got 30 days to decide on a car. The specific car I had my sights on initially that I applied for did not pass my visual inspection. Too many rough spots imo for a 1 year old car. So I am checking into two more locally that hopefully one will pan out.

[tonyjones]

APPROVING BANK: DCU
BUREAU PULLED: EQ
CREDIT SCORE: 687
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: TBA
YEAR OF VEHICLE: TBA
MAKE: TBA
MODEL: TBA
MILEAGE: TBA
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $50,000
TERM CONTRACTED: 60 mo
APR/LEASE RATE: 2.24
MONTHLY PAYMENT: $881
ANNUAL INCOME: 110K
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Not sure what car I'm going to buy, they used the same report a month ago so no hard pull