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Auto Loan Approvals!

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Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: Capital One, Wells Fargo
BUREAU PULLED: Experian
CREDIT SCORE: 558 (Auto Enhanced, Regular was 600)
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2007
MAKE: Honda Accord
MODEL: ex-l
MILEAGE: 30,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19,000
TERM CONTRACTED: 72 months
APR/LEASE RATE: 17% MURDER but needed a car and my other trade in broke down.
MONTHLY PAYMENT: 439.00
MISCELLANEOUS COMMENTARY: Crazy high interest rate but had to do it. Needed a car to drive for work.
Message 431 of 4,736
wills77
Established Member

Auto Loan Approvals!

APPROVING BANK: Wells Fargo
BUREAU PULLED: Unknown
CREDIT SCORE: 620 & 600
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: Used
YEAR OF VEHICLE: 2005
MAKE: GMC
MODEL: ENVOY XL SLT
MILEAGE: 49,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 17,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 18%
MONTHLY PAYMENT: 449.00
MISCELLANEOUS COMMENTARY:

Starting Score: 576
Current Score: 622
Goal Score: 650


Take the FICO Fitness Challenge
Message 432 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal
BUREAU PULLED: Equifax
CREDIT SCORE: 680
CUSTOMER STATE OF RESIDENCE: Louisiana
NEW/USED: New
YEAR OF VEHICLE: 2010
MAKE: Ford
MODEL: Expedition
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30,900
TERM CONTRACTED: 96 mos
APR/LEASE RATE: 7.9
MONTHLY PAYMENT: 435
MISCELLANEOUS COMMENTARY: Preapproved loan, went to manual review and was approved in under 2 hours. Good for any vehicle, any dealer for 30 days. Planning to refinance after credit scores hit the magic 720. For those who are rebuilding credit, take heart...we applied a couple of months ago with credit scores around 650 and were offered a horrendous rate (about 16%). A few weeks and 30 points later, here we are. Stated income, no docs required. No previous auto loan or mortgage, no co-signer.
Message 433 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

 


@Anonymous wrote:
APPROVING BANK: Navy Federal
BUREAU PULLED: Equifax
CREDIT SCORE: 680
CUSTOMER STATE OF RESIDENCE: Louisiana
NEW/USED: New
YEAR OF VEHICLE: 2010
MAKE: Ford
MODEL: Expedition
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30,900
TERM CONTRACTED: 96 mos
APR/LEASE RATE: 7.9
MONTHLY PAYMENT: 435
MISCELLANEOUS COMMENTARY: Preapproved loan, went to manual review and was approved in under 2 hours. Good for any vehicle, any dealer for 30 days. Planning to refinance after credit scores hit the magic 720. For those who are rebuilding credit, take heart...we applied a couple of months ago with credit scores around 650 and were offered a horrendous rate (about 16%). A few weeks and 30 points later, here we are. Stated income, no docs required. No previous auto loan or mortgage, no co-signer.

96 months! Is that right?

 

Message 434 of 4,736
thrasher865
Valued Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Covenant Health FCU
BUREAU PULLED: Equifax
CREDIT SCORE: 721
CUSTOMER STATE OF RESIDENCE: Tennessee
NEW/USED: Used
YEAR OF VEHICLE: 2007
MAKE: Acura
MODEL: TL Type S
MILEAGE: 70000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19500
TERM CONTRACTED: 60 mos
APR/LEASE RATE: 3.?
MONTHLY PAYMENT: 367
MISCELLANEOUS COMMENTARY:
Pick it up on Sunday!!  Woot!
145i729094567CFD096F

Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Message 435 of 4,736
MissMovingForward
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Mercedes Benz Financial
BUREAU PULLED: Equifax Auto Enhanced
CREDIT SCORE: 674
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: New
YEAR OF VEHICLE: 200
MAKE: Mercedes Benz
MODEL: C300 Sport
MILEAGE: 7,400 (Dealer Demo)
RETAIL/LEASE: approx $43,000 fully loaded
AMOUNT OF LOAN: approx $40
TERM CONTRACTED: 66 months
APR/LEASE RATE: 2.65%
MONTHLY PAYMENT: 625.11 (including GAP insurance)
COMMENTS: was able to use a corporate fleet discount offered thru my employer  (about $1500) along with the dealer demo discount on the car (about $4,000).  Stated income no verification.  No co-signer
Message 436 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

Bought the hubby a truck for his return from Iraq Smiley Happy

 

APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: Eq
CREDIT SCORE: 661 mine 603 his
CUSTOMER STATE OF RESIDENCE: TN
NEW/USED: Used
YEAR OF VEHICLE: 2005
MAKE: Dodge
MODEL: Ram 1500 Quad
MILEAGE: 28050
RETAIL/LEASE: 18300
AMOUNT OF LOAN: 12300
TERM CONTRACTED: 72
APR/LEASE RATE: 13%
MONTHLY PAYMENT: 298 with gap and 4 year warranty
MISCELLANEOUS COMMENTARY: Bought from a military man whom kept it garaged, he is deploying and has four vehicles, his wife rarely drives.....came with factory chrome wheels and a new set also.....has power everything, completely loaded, clean carfax and title!

 

Message 437 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: Capital One Auto Finance
BUREAU PULLED: All 3
CREDIT SCORE: 620
CUSTOMER STATE OF RESIDENCE: AL
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Toyota
MODEL: Tundra SR5 4x4
MILEAGE: 33,500
RETAIL/LEASE: $28,000
AMOUNT OF LOAN: $24,000
TERM CONTRACTED: 72 months
APR/LEASE RATE: 6.89%
MONTHLY PAYMENT: $410

COMMENTS: Two collections on TU and EQ reports, EX is clean.  CAP1 pulled all three reports.  Applied for 20k before I knew what I wanted.  They approved me for 24k @ 6.18% for 60 months.  When I found the Tundra and realized it would be more expensive, I called and asked if they would go 72 months, which they did.  Rate went to 6.89%.  Truck is CPO with 100k powertrain warranty, dealer included bumper-to-bumper service contract to 100k miles for under $800.  Out the door with trade in was $24,000 exactly.

Message 438 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: Chase
BUREAU PULLED: EQ for sure, not sure about others
CREDIT SCORE: 686
CUSTOMER STATE OF RESIDENCE: OR
NEW/USED: New
YEAR OF VEHICLE: 2010
MAKE: Mazda
MODEL: Mazda3 Sport 5-door
MILEAGE: 19
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 16,200
TERM CONTRACTED: 60
APR/LEASE RATE: 0%
MONTHLY PAYMENT: 270
MISCELLANEOUS COMMENTARY: Got financing through the dealership, but it will ultimately go to Chase. I pulled EQ on the same day the dealer did and it said 675, but the dealer said is was 686, which was good enough to get me 0%, so I'm not complaining!
Message 439 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

 

APPROVING BANK: Toyota Financial
BUREAU PULLED: EQ
CREDIT SCORE: 620
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2010 
MAKE: Toyota 
MODEL: Prius
MILEAGE: 10
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $23000
TERM CONTRACTED:60 mo
APR/LEASE RATE:2.9%!
MONTHLY PAYMENT: $453
MISCELLANEOUS COMMENTARY: very pleased.

 

Message 440 of 4,736
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