Auto Loan Approvals!

[Anonymous]

APPROVING BANK: Toyota Financial Services
BUREAU PULLED: Equifax
CREDIT SCORE: 648
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: Toyota

MODEL: Camry SE
MILEAGE: 7
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $29,518 ($2,844 added to loan for difference in trade in/payoff of old Camry)
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $516

ANNUAL INCOME: $159,315
MISCELLANEOUS COMMENTARY: Traded in 2007 Toyota Camry w/135k miles on it that I bought brand new at the same Carmax in 2007. I still owed $10,844 and Carmax gave me $8,000 for it, and rolled the other $2,844 into the new loan. I put absolutely no money down. Was approved alone but added wife as co-buyer to keep her credit more active, as she only has our mortgage and a few small student loans active on her credit file since our last vehicle that she was on the loan was paid off more than 2 years ago. We felt this may help diversify her credit file. Credit was pulled by Carmax at 1:15PM today and within approximately 3 minutes we had 5 offers with terms ranging from 60 months to 72 months and 1.9% APR to 10.2% APR.

I have to admit, Carmax is a great way to go. Its our 3rd time using them and will continue to use them. We love how no salesman, manager, or any other goofball actually sees our credit file and therefor they don't play any B.S. head games, make judgement about you, or treat you unfair in any way. You give your info to them they type it in right in front of you then press "next", an hour glass turns for a minute or 2 and then a screen pops up with either a denial or any offers being made for financing.

[Anonymous]

APPROVING BANK: Ally

BUREAU PULLED: TU
CREDIT SCORE: 588
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2010

MAKE: Chevy

MODEL: Silverado crew ltz
MILEAGE: 12
RETAIL/LEASE: retail
AMOUNT OF LOAN: 32000
TERM CONTRACTED: 72 mth
APR/LEASE RATE: 6%
MONTHLY PAYMENT: 536.34

ANNUAL INCOME:39000

MISCELLANEOUS COMMENTARY: Income verification, 1k down, didnt get approved instantly went to dealership saturday afternoon ally closed already and monday morning ally manger called for income verification and was approved .

[Anonymous]

APPROVING BANK: U.S. Bank
BUREAU PULLED: Trans Union
CREDIT SCORE: 758
CUSTOMER STATE OF RESIDENCE: Arkansas
NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: Chevrolet

MODEL: Silverado
MILEAGE: 460
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 36,800
TERM CONTRACTED: 63 month
APR/LEASE RATE: 3.99%
MONTHLY PAYMENT: $651.00

ANNUAL INCOME: $130,000
MISCELLANEOUS COMMENTARY: TU 758 (with an erroneous 90 past due entry - due to fall off in June), Experian 786, Equifax 803

[tmielke1]

APPROVING BANK:Great lakes credit union
BUREAU PULLED:EQ
CREDIT SCORE:660
CUSTOMER STATE OF RESIDENCE:IL
NEW/USED:Used Refi
YEAR OF VEHICLE:2007

MAKE:Toyota

MODEL:Camry
MILEAGE:60500
RETAIL/LEASE:Retail
AMOUNT OF LOAN:$14000
TERM CONTRACTED:36
APR/LEASE RATE:6.99
MONTHLY PAYMENT:$430

ANNUAL INCOME:72000
MISCELLANEOUS COMMENTARY:I bought the car 5 months ago and capital one financed it @ 12.99 For 5 years

Got very temped to trade it in but thought it does the job and avg 34mpg So I am happy that glcu.org refinanced it

for me!! Only 3 years and its all mine lol sure it will have 150k miles by then but it will be mine lol

[Anonymous]

APPROVING BANK:MCU
BUREAU PULLED:Ex
CREDIT SCORE:???
CUSTOMER STATE OF RESIDENCE:TX
NEW/USED:Used
YEAR OF VEHICLE:2006

MAKE: Pontiac

MODEL:GTO
MILEAGE:46xxx
RETAIL/LEASE:Retail
AMOUNT OF LOAN:$15012
TERM CONTRACTED:60
APR/LEASE RATE:6.7
MONTHLY PAYMENT:$296

ANNUAL INCOME:50xxx
MISCELLANEOUS COMMENTARY: My first car loan, all of the other vehicles I've ever purchased were done with cash.  I was 100% debt free until I bought this car.  I paid off everything as of December of Last year.  Folks are telling me that my apr is great considering I've never had a car loan before.  Not sure on the score they pulled from Ex but my others are all sitting at around 650 or so.  I had my scores just under 700 before I moved, all of the inquiries associated with moving (housing, utilities, job, etc) kinda baked my score.  Oh well I can pay this off in a year if I want to, I just want to establish a good payment history.  I'm going to be rebuilding my score over the next 6 months..hopefully i'll hit 700 by Xmas.

[Anonymous]

APPROVING BANK:NISSAN MOTOR ACCEPTANCE
BUREAU PULLED:EQUIFAX
CREDIT SCORE:574
CUSTOMER STATE OF RESIDENCE:MISSISSIPPI
NEW/USED:NEW
YEAR OF VEHICLE:2008 (purchased November 2007)

MAKE:NISSAN

MODEL:MAXIMA SE
MILEAGE:12
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:33K
TERM CONTRACTED:72
APR/LEASE RATE:5.9
MONTHLY PAYMENT:557

ANNUAL INCOME:34K
MISCELLANEOUS COMMENTARY: this was my first purchase from NMAC, at the time only had just over a year with no late vehicle payments, approved with no money down

[Anonymous]

APPROVING BANK: Hyundai Motor Finance
BUREAU PULLED: Transunion
CREDIT SCORE:784 (TU pulled here) 793 TU pulled at dealership
CUSTOMER STATE OF RESIDENCE:Mass.
NEW/USED:NEW
YEAR OF VEHICLE:2011

MAKE:Hyundai

MODELonata Limited 2.0T
MILEAGE:6
RETAIL/LEASE:Retail
AMOUNT OF LOAN:26,495
TERM CONTRACTED:60 months
APR/LEASE RATE: 2.9
MONTHLY PAYMENT:$475

ANNUAL INCOME:31k
MISCELLANEOUS COMMENTARY: Been plotting this out for awhile, and My Fico helped big time!  Started at CU, asked for 26k, they approved me for 23,050 (not enough) plus a 3k visa card I didn't ask for.. someone needs to explain the logic behind that one..why not just give the 26k car loan?  So I went to the dealership, test drove the car that showed up this afternoon, ended up with an out the door price of $29,395.94, 2,500 down plus 400 graduate rebate.  Picking up the car tomorrow!  Dealer pulled credit and showed a Transunion score of 793 which must be auto-enhanced..  I pulled TU and EQ from Myfico this morning and TU was 784.   All in all, happy with the purchase!

[Joselito]

APPROVING BANK: Toyota Financial
BUREAU PULLED: EQ: 691, EX: 687, TU: 716
CREDIT SCORE: Fico 681
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: Toyota

MODEL: Corolla LE
MILEAGE: 0 (well 10)
RETAIL/LEASE: Purchase
AMOUNT OF LOAN: $17,583.48 ($17,199 Car + $1509.73 tax + $374.75 fees - $1,500 trade in 01 honda accord with bad tranny)
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $307.67

ANNUAL INCOME: $30k
MISCELLANEOUS COMMENTARY: called in a sales manager to give me an offer online. Original Price $18,260, he sent a quote for $17,199 + all fees. THAT's $1,061 less. Applied for credit online. approved with 0 down. he called me to come in and sign. all paperwork was ready. The easiest auto purchase made in my life and happy to pay only 1.9%. Total Finance Charge for 60 months the credit will cost me: $876.72 for a $19K car.

[Anonymous]

APPROVING BANK: TD Bank

BUREAU PULLED: Transunion
CREDIT SCORE: TU FICO 703 (pulled by dealer 5/27), FAKO (pulled 5/21): EQ 734, EX 691, TU 702
CUSTOMER STATE OF RESIDENCE: New York
NEW/USED: New
YEAR OF VEHICLE: 2011

MAKE: Hyundai

MODEL: Sonata GLS
MILEAGE: 9
RETAIL/LEASE: Purchase
AMOUNT OF LOAN: ~$28000 ($20200 car + taxes + MV fees + $4800 negative equity from prior car)
TERM CONTRACTED: 72 months
APR/LEASE RATE: 5.49%
MONTHLY PAYMENT: $459.95

ANNUAL INCOME: $50k

MISCELLANEOUS COMMENTARY: I took a loan out against my old car (a beat-up 2001 Nissan Altima that needs work that by far exceeds its actual value). I wanted to get a new car and get out of this toxic and predatory loan. This was supposed to be a lease with no money down, until they saw the condition of my old car and saidthe car wouldn't cut it as a down payment. As a result, I ended up buying. Still no money down, which was huge for me. Even though the term is longer than I wanted (I'm in the last year of a DMP, so I knew I wouldn't get the best offer), I'm really happy I got as good of a rate as I got, considering the loan against my old car was for 23%!

[jdxprs1]

ANNUAL INCOME: Over 100k

APPROVING BANK: ally
BUREAU PULLED: equifax
CREDIT SCORE: 623
CUSTOMER STATE OF RESIDENCE: maryland
NEW/USED: used
YEAR OF VEHICLE:2008

MAKE: ford

MODEL: explorer
MILEAGE: 35000
RETAIL/LEASE:
AMOUNT OF LOAN: 23500
TERM CONTRACTED: 60
APR/LEASE RATE: 8%
MONTHLY PAYMENT: 480