APPROVING BANK: Chrysler Capital
BUREAU PULLED: EX
CREDIT SCORE: 615
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: JEEP
MODEL: Cherokee Latitude
MILEAGE: 364
RETAIL/LEASE: Retail Purchase
AMOUNT OF LOAN: 25,000
TERM CONTRACTED: 72 mo
APR/LEASE RATE: 13.13%
MONTHLY PAYMENT: $505
ANNUAL INCOME: 55,900
DEBT TO INCOME RATIO: 2%
MISCELLANEOUS COMMENTARY:
Dealer pulled all 3 CB, EQ showed CapOne & Chase EXP showed Chrysler Cap, Santander, Cap One TU showed Capital One. 1 bad auto loan w/zero bal was still showing at loan closing gone as of 5/2016, 2 small collections paid for deletion now gone as of 6/16, AAofA 3.5Yrs, 1 Cap1 secured card CL $500, Cap 1 QS CL $500 5/16 , Barclay CL $500 5/16. & a authorized user for a $200 cl Cap1 SC 2/16, Pay a bill pay it off keeping statement bal at $1.00-$2.00 on 2 and $0 on the others alternating cards monthly. Went to a couple dealers during last few years not liking terms so there are a LOT of inquries some falling off 8/16 settled for 13%
Looking to refi but would need $5000 down to get to market value if wait longer will need even more or trade in on a truck that actually need to pull with we did'nt when bought this Jeep dealer willing to work with us, of course....
UPDATE July 30,2016 Traded in above 2015 Jeep Cherokee for a 2016 F150
APPROVING BANK: Community Credit Union
BUREAU PULLED: EQ & TU
CREDIT SCORE: EQ 673 (Auto5) TU 748 (Auto8) NOT SURE WHICH WAS USED
CUSTOMER STATE OF RESIDENCE: DFW TX
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: F-150 XLT 3.5L Ecoboost W/ 302A, moonroof etc MSRP $47k + dealer options
MILEAGE: 4
RETAIL/LEASE: Retail Purchase
AMOUNT OF LOAN: 48k
TERM CONTRACTED: 72 mo
APR/LEASE RATE: 4.55%
MONTHLY PAYMENT: $768
ANNUAL INCOME: 55,900
DEBT TO INCOME RATIO: 2%
MISCELLANEOUS COMMENTARY: Used rebates and dealer discounts and a little more off truck toward the upside down amount from Jeep. Also added a 100k warranty, oil changes and gap only because we felt like with living in a city with high crashes it was best. Payoff on Jeep was $24,453 and dealer gave $17k moved around numbers till we were all happy with deal. This was our 4th auto with this dealer.
Credit pulls: EX Cap One 7.5%, Ford Motor 6%, Santander %? & dealer. TU Comminuty Credit Union Auto8 748, Cap One, Compass Bank 6.5% & dealer EQ Cap One, Chase 6.9%, GMAC 8%, Wells Fargo 7.5%, Community Credit Union 4.55%
Checked MyFico scores and so far no change in score will recheck August 1-3rd to give a few more days however should have some inquries that come off Aug 1st with them already passing 25th month in July.
