09-08-2010 02:48 PM
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.
09-09-2010 01:54 PM - edited 09-09-2010 01:57 PM
MODEL: Altima 2.5S
AMOUNT OF LOAN: 18,300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 7.13
MONTHLY PAYMENT: ` $365
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
09-11-2010 01:50 PM
09-11-2010 10:07 PM
09-15-2010 03:14 PM - edited 09-15-2010 05:21 PM
09-16-2010 04:58 AM - edited 09-19-2010 04:42 PM
09-21-2010 08:25 AM
09-22-2010 09:06 AM
APPROVING BANK: Toyota Financial Services
BUREAU PULLED: TU and EQ
CREDIT SCORE: EQ 680 / TU 676
CUSTOMER STATE OF RESIDENCE: TX
YEAR OF VEHICLE: 2005
MAKE: Infiniti MODEL: FX35
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.
09-23-2010 01:26 PM - edited 09-23-2010 02:47 PM
09-26-2010 07:01 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.