Auto Loan Approvals!

[Anonymous]

APPROVING BANK: BMW Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 754 (AutoEnhanced 8)
CUSTOMER STATE OF RESIDENCE: Arizona
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: BMW
MODEL:430i Gran Coupé

COLOR: Mineral Grey Metallic
MILEAGE: 32
RETAIL/LEASE: Lease
AMOUNT OF LOAN: $44,211.80
TERM CONTRACTED: 36 months/12k miles per year
APR/LEASE RATE: Super Elite, $0 down
MONTHLY PAYMENT: $597.95, 
MISCELLANEOUS COMMENTARY: I also traded in a 2004 PT Cruiser and was given a $1,000 credit for being a recent graduate.  

[w_mcfly22]

APPROVING BANK: Toyota Credit
BUREAU PULLED: Experian
CREDIT SCORE:675
CUSTOMER STATE OF RESIDENCE: Cali
NEW/USED: Used
YEAR OF VEHICLE: 2013
MAKE: Nissan
MODEL: Altima
MILEAGE: 53k
RETAIL/LEASE: Retail
AMOUNT OF LOAN:14,350
TERM CONTRACTED: 60
APR/LEASE RATE: 7.59
MONTHLY PAYMENT: 231
ANNUAL INCOME: 32k
DEBT TO INCOME RATIO: not sure
MISCELLANEOUS COMMENTARY: i didnt want to finace this car but my truck went out on me earlier than i expected so i had no choise. my utilization of credit is already pretty high but i plan paying off the loan in a few months. Got a pretty fair deal so not too upset. wasnt shocked at the rate tho lol

[chela62678]

Update on this

So I was seriously screwed over by this dealership

ClearLake Infiniti

I signed a contract on a vehicle that was supposed to be brought in from another. Apparently that dealership sold the car as well. No call until I started calling them where was my car. After about 5 days they told me it was sold and they were looking for another.  At this point infiniti already put an account on my credit for that VIN. 

They tried to locate a car. Apparently they did, except this one had smaller tires. The Manager had the nerve to tell me he was sure I DIDN'T MIND! Hell I don't It's not the same car. Contract was VOIDED> They have to send infiniti a check for the amount of the purchase. And me well I am back with my Armada. The Manager lost that contract with his ignorance. Not even a I'm sorry, how can we work it out. Nothing.

So pissed.

APPROVING BANK: Infiniti Financial
BUREAU PULLED: TU/EQ 
CREDIT SCORE: 807 TU EQ 754 Looks like Auto 8
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Infiniti
MODEL: QX80 - Silver Platinum
MILEAGE: 15
RETAIL/LEASE: Purchase
AMOUNT OF LOAN: $63,000 total
TERM CONTRACTED: 72 months
APR/LEASE RATE: 2.4%
MONTHLY PAYMENT: --
ANNUAL INCOME: --
DEBT TO INCOME RATIO: - 
MISCELLANEOUS COMMENTARY: Qualified for Top Tier best financing out there looks like. Not much higher than CU at the moment. Most Cap at 45K.

Original MSRP 73K Purchase Price $63,5K Trade in Vehicle upside down. good chunk down for difference.

She is a beauty

[Anonymous]

Sorry that happened!

[Princess9483]

APPROVING BANK: USF FCU
BUREAU PULLED: Experian
CREDIT SCORE: 642
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Toyota
MODEL: Matrix
MILEAGE:
RETAIL/LEASE: REFI
AMOUNT OF LOAN: 10,649
TERM CONTRACTED: 60
APR/LEASE RATE: 6.49
MONTHLY PAYMENT: 221.76 w/life insurance
ANNUAL INCOME: 12,120
DEBT TO INCOME RATIO: HIGH
MISCELLANEOUS COMMENTARY: This is a refinance rate. I already had the loan with the same credit union for $10,649, @ 8.24% for 5yrs in April 2016, but since my credit improved by 42pts since then I applied for a personal loan for $3,000 (was APPROVED!) and asked the loan officer to use the same pull to potentionally reduce my rate. So my payments will stay the same but I pay off the loan quicker. So instead of me paying it off in Nov. 2021, due to me skipping a few payments, it will be paid off by August 2020 saving 15 months of interest. UPDATE: I actually just realized I bought the car in 2015 not 2016 so I only saved 3 months off of my loan not 15 months but still worth it seeing that it didn't cost me an extra pull.

[Anonymous]

APPROVING BANK:Chrysler Capital
BUREAU PULLED:Transunion
CREDIT SCORE:533
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: New
YEAR OF VEHICLE:2016
MAKE:Jeep
MODEL:Renegade
MILEAGE:25
RETAIL/LEASE:Retail
AMOUNT OF LOAN: 20900 All in
TERM CONTRACTED: 72
APR/LEASE RATE: 5.9
MONTHLY PAYMENT: 345
ANNUAL INCOME: 40k
DEBT TO INCOME RATIO: 9-10% Fluctuates ever other month.
MISCELLANEOUS COMMENTARY: My DTI is High due to Credit Card Being Maxed out I put little over 500 Down.

[Princess9483]

Nice rate with such a low score!

[Anonymous]

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@Princess9483 wrote:

Nice rate with such a low score!

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Thanks I was completely foored aswell.  The finance guy stated it was due to me never being late on my credit cards for past 2.5 years.  He might of been blowing smoke up my tailpipe who knows.  I was extatick Everyone else said know this dealership went to bat hard for me. If I didnt  put down what I did Rate would of been like 9.0 so win win situation .

[Anonymous]

APPROVING BANK: Mazda Capital Services (JP Morgan Chase)
BUREAU PULLED: Experian
CREDIT SCORE: 753 (This was my Auto score - my regular FICO is around 810, auto score is low because I last paid off a vehicle in 2005 and it has dropped off my report so no auto loan history on my report)
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Mazda
MODEL: Mazda3 Grand Touring Hatchback 6spd manual

COLOR: Eternal Blue Mica
MILEAGE: 2
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $26,874
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0% (with $1000 down)
MONTHLY PAYMENT: $447.91 
MISCELLANEOUS COMMENTARY: No trades, $500 cash down and $500 financing rebate

[Anonymous]

I'm going to miss the 6 speed! 

My new card is auto (first one I've ever owned)......such an adjustment.