Auto Loan Approvals!

[Anonymous]

That's true.  I am not relying on Wells Fargo for my refi.  Besides, the first year is where the bank makes most of their loan interest money anyways.  I plan to refi in 6 months after I pay down on some of my credit cards.  Still, asking doesn't hurt! 

[Anonymous]

APPROVING BANK: CAP ONE 
BUREAU PULLED:  EXP
CREDIT SCORE: 630
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: NEW
YEAR OF VEHICLE: 2010

MAKE: VW

MODEL: Golf TDI
MILEAGE: 260
RETAIL/LEASE:23500.00
AMOUNT OF LOAN: 25,111.00
TERM CONTRACTED: 66
APR/LEASE RATE: 10.5
MONTHLY PAYMENT: 502.61
MISCELLANEOUS COMMENTARY:  Used the blank check program.  It was pretty painless.  I'm just making sure all the docs are faxed to the dealership.  Don't want to run into any issues.  Love this car!!!  GREAT Fuel Millage and a $1,300 tax credit....all in all i feel really good about the purchase. 

[m3v8]

Congrats! Very smart deal! Nice monthly payment

Enjoy the car!

P.S. I guess we are not going to see you on "auto loans" forums for a while   or untill the next car...

[Anonymous]

I'll still stick my nose around here.  I'm working on getting my scores up so in a year maybe refin with a CU.  The new diesel platform is great.  I'm getting around 33+ mpg in the city and some have received 45+ on the freeway.  Plus with the tax credit of $1300 its was an easy sell.  I wanted to purchase it before June 30 since the tax credit is reduced by 50% until the end of the year.  

I've heard some nightmares about Cap One but so far they have been great.  They answered all my questions and I can talk to someone in just a few moments.  I just had to email my dealership about a doc they forgot to fax to Cap One but they said they sent it last night so I'll check with Cap One today.  The pain is making sure all the docs are sent so that there are no issues.  All in all a good transaction. 

[m3v8]

Good work!

I see you are from OH... I'm thinking of purchasing BMW from Columbus OH... 500 miles away from NY where I am...

[khw]

 

APPROVING BANK: Freedom first CU
BUREAU PULLED: EQ
CREDIT SCORE: 685
CUSTOMER STATE OF RESIDENCE:VA
NEW/USED:Used (refi)
YEAR OF VEHICLE:09

MAKE:colbalt

MODEL:xfe
MILEAGE:15,000
RETAIL/LEASE:Retail
AMOUNT OF LOAN:13,500
TERM CONTRACTED:48
APR/LEASE RATE:6%
MONTHLY PAYMENT:322
MISCELLANEOUS COMMENTARY:I love CU's

[fused]

At khw!

I noticed you seem to be having some trouble posting. It is possible to edit your own post if you have posted an incomplete message. To edit your post, go to the post. To the right you'll see "Options." Click on "Options" and select "Edit Message" from the drop-down menu. Thanks for your contribution to the FICO Forums!

--fused, myfico moderator

[SoccerFan]

APPROVING BANK: BMW Financial
BUREAU PULLED:  Exp/Tran/Eq/Fico Auto
CREDIT SCORE: 720/711/693/733
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used - CPO
YEAR OF VEHICLE: 2007

MAKE: BMW

MODEL: 328i
MILEAGE: 14,627
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 29530.00 ($0 down)
TERM CONTRACTED: 66
APR/LEASE RATE: 2.9
MONTHLY PAYMENT: 480.00
MISCELLANEOUS COMMENTARY: Purchase price 24,700.00, loan price also includes maintance plan. Sales rep pulled all 3 credit reports and Fico Auto. He said he would only use the highest score for qualification. He also indicated a min of 680 was required for tier 1 rate.

[larrylock]

APPROVING BANK: Soliditary CU
BUREAU PULLED:  EX
CREDIT SCORE: TU 711 EQ 712 EX 715 (FAKO)
CUSTOMER STATE OF RESIDENCE: IN
NEW/USED: NEW
YEAR OF VEHICLE: 2010

MAKE:Toyota

MODEL: 4Runner SR5
MILEAGE: 70
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32,750
TERM CONTRACTED: 72
APR/LEASE RATE: 3.75%
MONTHLY PAYMENT: 510.00
MISCELLANEOUS COMMENTARY:Applied with Toyota Financial and the best rate they offered was 4.05% 60mo or 4.15% 72mo at Tier 1+. (No incentives for the 4runner )  Dealer had access to a local credit union that came thruough with 3.75%

[Anonymous]

APPROVING BANK: Capital One & Infiniti Financial Services
BUREAU PULLED:??
CREDIT SCORE: 610 (EQ) 629 Exp 597 TU - I believe my auto enhanced #'s are higher
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: New
YEAR OF VEHICLE: Infiniti FX35 or Nissan Murano
MILEAGE: 0-10
RETAIL/LEASE: Retail or Lease TBD
AMOUNT OF LOAN: 30K Cap One & approved up to 550.00 per month on a lease with Infiniti/Nissan
ADVANCE PERCENTAGE: ??
TERM CONTRACTED: 72 cap one & TBD with Infiniti/Nissan
APR/LEASE RATE: 9.20
MONTHLY PAYMENT: TBD
MISCELLANEOUS COMMENTARY: was optimistic I would get the Cap One approval, but surprised with Infiniti/Nissan Financial services

Has anybody gotten this pre-approval from Infiniti/Nissan? I love the FX35 & the Murano but don't really know how the lease approval works.

I wonder if this applies to the tier 1 rates or is it just to get me to the dealer and then hit me with tier 2 or 3 rates?

The letter is not specific just says pre-approved for up to 550 on any lease.