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Established Member
Posts: 26
Registered: ‎02-13-2010
0

Re: Auto Loan Approvals!

No problem shentographer, Approvals thread has helped me alot also. Infiniti's are great cars. I was going to do CPO bmw, but decided to go with a new car. Interest rate was going to be about the same with bmw.

EQ- 670 - EXP (pulled by lender) 674 - Trans- 688
New Member
Posts: 3
Registered: ‎08-28-2010
0

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK:  Capital One Auto Finance
BUREAU PULLED: All three
CREDIT SCORE: TU 683, EQ: 618 EX 585 (fako) Dealer didn't tell me what my auto enchanced scores were when they pulled CR. I had been approved by COAF before I went in to the dealer.
CUSTOMER STATE OF RESIDENCE: AL
NEW/USED: New
YEAR OF VEHICLE: 2010
MAKE: Nissan

MODEL: Altima 2.5S
MILEAGE: 13
RETAIL/LEASE: retail
AMOUNT OF LOAN: 18,300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 7.13
MONTHLY PAYMENT: ` $365

INCOME: $57,600
MISCELLANEOUS COMMENTARY: Wow! I was surprised to even get approved, let alone at such a relatively low APR! I was turned down by several CUs. I have about 13 medical collection accounts and 4 CC charge offs that have not been repaid (working on cleaning these up). I also have about $140K in student loans. Last year I opened a BofA secured card and have had perfect payment history and low utilization. I also cleaned up some derogs on my CR. My scores then were in the high 400's to low 500's. My student loans also went into repayment last year and I have perfect payment history on the various accounts. I also have a paid auto loan (60 mos.) through Ford Motor Credit that I payed off in 2008 with a perfect payment history and several paid as agreed or otherwise accounts in good standing. I have way more good than bad stuff on my CR. Roguhly 45 accts (student loans) and AAoA is 11 yrs. Loan was no money down required but LTV was 110% which would almost guarantee a need to put something down after taxes etc. I had planned to put $2K down plus trade in (got $950) and ended up financing the above. Pretty pleased!

 

EDIT: Btw, I applied on 8/26 but did not want to post this until the deal had finalized in case things fell apart. lol

Valued Member
Posts: 26
Registered: ‎08-25-2009
0

Re: Auto Loan Approvals!

APPROVING BANK: Toyota Financial
BUREAU PULLED: dont know
CREDIT SCORE: eu 650 tu 640
CUSTOMER STATE OF RESIDENCE: md
NEW/USED: new
YEAR OF VEHICLE: 2011
MAKE: toyota
MODEL: camry
MILEAGE: 8
RETAIL/LEASE: retail
AMOUNT OF LOAN: 30882.24
TERM CONTRACTED: 72
APR/LEASE RATE: 7.25
MONTHLY PAYMENT: 531.82
MISCELLANEOUS COMMENTARY: traded in my negative equity 2006 nissan altima for this car. and rolled 5500.00 in negative equity into this loan. the old loan had a 10.99%. bought this with 0 down.

 


Starting Score: 12/15/09- EU=627
Current Score: EQ=650 TU=--640
Goal Score: 12/31/10-EU=700


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Established Member
Posts: 12
Registered: ‎09-11-2010
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Re: Auto Loan Approvals!

APPROVING BANK:LEXUS FINANCIAL SERVICES
BUREAU PULLED:EQUIFAX
CREDIT SCORE:FICO 731
CUSTOMER STATE OF RESIDENCE:TX
NEW/USED:USED
YEAR OF VEHICLE:2008
MAKE:LEXUS
MODEL:IS-350
MILEAGE:20000
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:24000
TERM CONTRACTED:60
APR/LEASE RATE:5.75
MONTHLY PAYMENT:467
MISCELLANEOUS COMMENTARY:APPLIED FOR CAP ONE AUTO LOAN FIRST GOT APPROVED FOR 28000 BLANK CHECK BUT APR WAS GOING TO BE 7.95 FOR A 2008 SO WENT WITH LEXUS FINANCING

 


Starting Score: 0
Current Score: eq-698 tu-697 ex fako-729
Goal Score: 750


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New Member
Posts: 4
Registered: ‎08-19-2010
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Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK:  AACFCU
BUREAU PULLED:  EQ
CREDIT SCORE:  618
CUSTOMER STATE OF RESIDENCE:  AL
NEW/USED:  New
YEAR OF VEHICLE:  2010
MAKE:  Ford
MODEL:  F150 Lariat SuperCrew 4x4
MILEAGE:51
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $35,000
TERM CONTRACTED:  72
APR/LEASE RATE:  4.99%
MONTHLY PAYMENT:  $563.51
MISCELLANEOUS COMMENTARY:  Very happy to be approved by my local CU.  After getting two collections PFD'd my FICO increased from 593 to 618!  I was in and out of my CU in less than one hour.



New Member
Posts: 3
Registered: ‎07-21-2010
0

Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: Capital One
BUREAU PULLED: Not Sure applied online
CREDIT SCORE: eq- 670 tu. 655
CUSTOMER STATE OF RESIDENCE: Pennsylvania
NEW/USED: Used
YEAR OF VEHICLE: 2007
MAKE: Honda
MODEL: Ridgeline
MILEAGE: 41,000
RETAIL/LEASE: $ 17,500
AMOUNT OF LOAN: 17,500
TERM CONTRACTED: 60
APR/LEASE RATE: 8.16
MONTHLY PAYMENT: $ 308
MISCELLANEOUS COMMENTARY: Was approved in sixty seconds.  BK in 2006 and one collection after.  No supportings docs required.  Called to verify and they were super helpful.   Dealer was able to get me 5.9 financing through Huntington Bank.




          
Valued Member
Posts: 29
Registered: ‎03-12-2010
0

Auto Loan Approvals!

 

APPROVING BANK: America Honda Financial
BUREAU PULLED: TU
CREDIT SCORE: Mine EQ 640 / TU 634 ; Wife EQ 614 / TU 647
CUSTOMER STATE OF RESIDENCE: TN
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: Honda 
MODEL: Accord Coupe EX
MILEAGE: 7,521
RETAIL/LEASE: retail
AMOUNT OF LOAN: $21,838
TERM CONTRACTED: 60
APR/LEASE RATE: 9.24
MONTHLY PAYMENT: $465.00
MISCELLANEOUS COMMENTARY: No money down with a 5/60 Honda Care warranty (finance company required it - not sure if I believe it but we were probably going to do it anyway so they had to lower the car price to accommodate it). Dealer's initial offer was 60 months at 11.5% for $551/mo - I hate the whole sales game thing. Rate is a little high but we got the car we wanted

 


Starting Score: 533
Current Score: 640
Goal Score: 700(12 mo)


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Regular Contributor
Posts: 171
Registered: ‎03-04-2008
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Re: Auto Loan Approvals!

APPROVING BANK: Toyota Financial Services

BUREAU PULLED: TU and EQ

CREDIT SCORE: EQ 680 / TU 676

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: Used

YEAR OF VEHICLE: 2005

MAKE: Infiniti MODEL: FX35

MILEAGE: 48,528

RETAIL/LEASE: retail AMOUNT OF LOAN: $24,039

TERM CONTRACTED: 60

APR/LEASE RATE: 6.1%

MONTHLY PAYMENT: $472.25

 

MISCELLANEOUS COMMENTARY: First off.  I DID NOT want to buy a new car.  I really liked it.  However, I was spending WAY too much money on repairs.  I traded in a 2003 Ford Explorer EB edition. 

 

Originally approved by CapOne. Was prepared to use the Blank Check. Dealer asked if I was interested in using their financing. I agreed as long as they pulled only 1 report and could guarantee a lower rate (LOL!). My rate went from 7.54% to 6.1%. This may seem high, but my last car was 17.95% with CapOne. Dealer gave me a lot of trouble with my trade-in. Though I really wanted this car, I got up to leave when they refused to give me full pay off. The fact that I already had financing and the sales guy understood that I had done my research really helped me. He realized that I was ready to walk and I could hear the conversation he was having with his manager. It would have been silly for him to lose the deal over $1000. I had to add the service contract and gap insurance to the loan. I also got free oil changes.

4/23/08 EX-614 EQ-624 TU-635
5/6/08 EX-660 EQ-628 TU-685
5/12/08 EX-660 EQ-652 TU-685
12/08/08 EX-670 EQ-670 TU-674
Valued Member
Posts: 56
Registered: ‎06-18-2007
0

The Re: Auto Loan Approvals!

[ Edited ]
APPROVING BANK: Toyota Financial Services
BUREAU PULLED: EX EQ
CREDIT SCORE: "Low to mid 600's"
CUSTOMER STATE OF RESIDENCE: NV
INCOME: 45,000 a year
NEW/USED: New
YEAR OF VEHICLE: 2010
MAKE: Toyota
MODEL: Yaris
MILEAGE: 14
RETAIL/LEASE: 18,000$
AMOUNT OF LOAN: 20,875$
TERM CONTRACTED: 72mo
APR/LEASE RATE: 13%
MONTHLY PAYMENT: 421.00
MISCELLANEOUS COMMENTARY: Not the best rate, but utilization at the time was 95%, No lates, Collections, COs, just very high utilization. Previous car loan was 30% rolled 3,800$ negative equity on the loan. Car had 140,000 miles on it, fearing it would break down any day. Got a 1,000$ rebate and 1,500$ for the trade. Put 3,000 down. Very surprised for approval with my utilization and that much negative equity. The price of the car includes every power option/upgrade short of the body kit that some come with. This also included 6 yr 75,000 mile extended warranty, with gap coverage.
New Contributor
Posts: 72
Registered: ‎11-20-2009
0

Re: The Re: Auto Loan Approvals!

APPROVING BANK: BMW Finacial Services
BUREAU PULLED: EX EQ (I requested they pull EQ)
CREDIT SCORE: 689 Auto-enhanced EQ
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2011
MAKE: BMW
MODEL: 328i Convertible
MILEAGE: 20
RETAIL/LEASE: Lease
AMOUNT OF LOAN: $52,000
TERM CONTRACTED: 36 months
APR/LEASE RATE:
MONTHLY PAYMENT: $658
MISCELLANEOUS COMMENTARY: I had $2k negative equity that added to amount of loan. I qualified for the standard credit tier and their current lease offer of first month payment down only.
EQ: 680, TU 665, EX 615 (FAKO)
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