Auto Loan Approvals!

[Eager2Learn]

APPROVING BANK:NFCU
BUREAU PULLED:EQ
CREDIT SCORE:TU 797, EQ 789, EX 801
CUSTOMER STATE OF RESIDENCE:HI
NEW/USED:used
YEAR OF VEHICLE:2007

MAKE:Chevy

MODEL:Corvette Conv't
MILEAGE:6140
RETAIL/LEASE:retail

AMOUNT OF LOAN:$16561
TERM CONTRACTED:36 months
APR/LEASE RATE:4.25%
MONTHLY PAYMENT:$491
MISCELLANEOUS COMMENTARY:It took me 19 years to get here, but finally got my dream car at a price I was willing to spend for it.  I had decent credit already, but took alot of guidance from this forum in striking the deal.  Thanks to all for your contributions.  

[Anonymous]

APPROVING BANK: PAFCU

BUREAU PULLED: EQ

CREDIT SCORE:  759

CUSTOMER STATE OF RESIDENCE: NY

NEW/USED: USED

YEAR OF VEHICLE: 2005

MAKE: JEEP

MODEL:Grand Cherokee

MILEAGE: 47,760

RETAIL/LEASE: Finance

AMOUNT OF LOAN: 14000

TERM CONTRACTED: 5 years
APR/LEASE RATE: 4.74

MONTHLY PAYMENT:278
MISCELLANEOUS COMMENTARY: Was waiting for the 2010 equinox, checked out the accord and decided to save some money and get certified used. Got a nice car with good Apr and payments I can deal with. Includes gap insurance, extended New Car warranty up to 6yrs/80K miles.

Message Edited by jahmal on 05-09-2009 10:19 AM

[Anonymous]

APPROVING BANK: GMAC

BUREAU PULLED:Unknown

CREDIT SCORE:  793 (Auto Adjusted. Didn't ask what bureau they pulled)

CUSTOMER STATE OF RESIDENCE: NE

NEW/USED: NEW

YEAR OF VEHICLE: 2009

MAKE: CHEVROLET

MODEL:MALIBU

MILEAGE:24

RETAIL/LEASE: Finance

AMOUNT OF LOAN: 25197

TERM CONTRACTED: 60 MO
APR/LEASE RATE: 0%

MONTHLY PAYMENT:$420

[palmbeachwife]

APPROVING BANK: Georgia Federal Credit Union
BUREAU PULLED: EQ
CREDIT SCORE: 655
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: USED
YEAR OF VEHICLE: 2008

MAKE: CHEVROLET

MODEL: AVALANCHE
MILEAGE: 27500
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $29,675

TERM CONTRACTED: 60 MO
APR/LEASE RATE: 9.1%
MONTHLY PAYMENT: $615
MISCELLANEOUS COMMENTARY: GFCU let me rework the loan because I purchased it on 4/17/09 with a FICO score of 613. They gave me the loan at 11.5%. Today, 5/12/09, I pulled my FICO EQ score and it is 655. I called GFCU and told them I want to refi. They pulled my credit and said the best rate they could give was 8.25%, but since I had chargeoffs and collections on my CR, they were only able to offer me 9.1%. I took it because my payment was $656, now it's only going to be $615. They said they'd let me refi for a lower rate again within a year if I make it to 700 FICO score.

[GLIGUY23]

APPROVING BANK: Alliant Credit Union

BUREAU PULLED: EQ
CREDIT SCORE: 712

CUSTOMER STATE OF RESIDENCE: AZ
NEW/USED: USED
YEAR OF VEHICLE:

MAKE:

MODEL:

MILEAGE:

RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $7,500

TERM CONTRACTED: 36 MO
APR/LEASE RATE: 8.6%
MONTHLY PAYMENT: $240.84
MISCELLANEOUS COMMENTARY:

[Anonymous]

APPROVING BANK: BoA
BUREAU PULLED: ????
CREDIT SCORE: 688
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED:New
YEAR OF VEHICLE: 2009

MAKE:Ford

MODEL:F-150
MILEAGE:0
RETAIL/LEASE:Retail
AMOUNT OF LOAN: 28000
TERM CONTRACTED:5
APR/LEASE RATE:
MONTHLY PAYMENT:
MISCELLANEOUS COMMENTARY:

[Anonymous]

APPROVING BANK: Honda
BUREAU PULLED: Equifax (2 pulls, one from the dealership and one from the Honda Lender   Equifax now has 10 inquiries in the last 2 years

CREDIT SCORE: (auto enhanced) 705, FAKO 704

CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: NEW
YEAR OF VEHICLE: 2009

MAKE: Honda

MODEL: Civic
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16,900 (financed all taxes/title/tags/fees, etc)

TERM CONTRACTED: 60 mths
APR/LEASE RATE: 3.9% with $0 down
MONTHLY PAYMENT: $310
MISCELLANEOUS COMMENTARY: They told me I should apply with some money down since the loan's standards are so "strict."  I told them I would try with 0 down and then adjust my application since they already pulled the score if I need to.  They seemed genuinely surprised that I was approved (and with only my income, my husband's score is lower).  BTW, this was their promotional rate, and beat the credit unions I looked at.

[Anonymous]

APPROVING BANK: Domestic Bank

BUREAU PULLED: EX
CREDIT SCORE: not sure EQ: 709 TU: 747

CUSTOMER STATE OF RESIDENCE: CT
NEW/USED: Used

YEAR OF VEHICLE: 2005

MAKE: Subaru

MODEL: Impreza WRX STI

MILEAGE: 49,000

RETAIL/LEASE: 
AMOUNT OF LOAN: 11,950
TERM CONTRACTED: 48
APR/LEASE RATE: 6.95%
MONTHLY PAYMENT: 293.37

MISCELLANEOUS COMMENTARY: put 9000 down no previous loan just two credit cards oldest being 1 year and 6 months AAoA: 1 Year

[alsawye]

APPROVING BANK: MEMBERS FIRST CU  WACHOVIA DEALER SERVICES
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 731 (NOT AUTO ENHANCED)
CUSTOMER STATE OF RESIDENCE: UT
NEW/USED: NEW
YEAR OF VEHICLE: 2009

MAKE: HYUNDAI

MODEL: ELANTRA
MILEAGE: 116
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: $21,272.69
TERM CONTRACTED: 72
APR/LEASE RATE: 5.49 5.44
MONTHLY PAYMENT: 348.24 347.74
MISCELLANEOUS COMMENTARY:

I THINK I DID PRETTY GOOD 130% LTV WITH THESE TERMS. I TRADED IN A '01 VOLVO S80 WITH 7K NEGATIVE EQUITY THAT WAS FINANCED AT 17.9 THIS TIME LAST YEAR, MY REVOLVING CREDIT IS UNDER 5% AND I HAVE NO BADDIES

*EDITED TO CHANGE TERMS AND LENDER

Message Edited by alsawye on 05-21-2009 02:43 PM

[LouMinotti]

APPROVING BANK:Ford Motor Credit

BUREAU PULLED: I think all three and then averaged

CREDIT SCORE: 670
CUSTOMER STATE OF RESIDENCE:Maryland
NEW/USED:Used
YEAR OF VEHICLE:2005

MAKE:Mazda

MODEL:Mazda3 i sport

MILEAGE:44000
RETAIL/LEASE:retail
AMOUNT OF LOAN:10000
TERM CONTRACTED: 60 months
APR/LEASE RATE:11%

MONTHLY PAYMENT: 208

MISCELLANEOUS COMMENTARY: I pulled my fico before I left and the interest rate was exactly what TU report said to expect. The car was 14k (tax, tag, title included) and I put 4k down.  I also opted for extnded warranty at 50 a month, bumper to bumper. I spent months looking for the Mazda3 that met my needs and wants and this is as good as I was able to do. I anted to use my CU but they said my score would need to be higher and that I should use my cash to pay down debt to qualify for the 5% interest rate, but I would have had to wait another 45 days since creditors refresh my data so slowly. With 2 kids home from college, I needed the second car. Oh, and I didn't need proof of income or anything else. Just my DL .I have no baddies on my report, only a high usage of revolving credit. I'm pretty happy.