Auto Loan Approvals!

[Anonymous]

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@jhtrico1850 wrote:

Congrats shphoto! How old is your credit I was just wondering?

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Thank you, jhtrico!  Before the loan my AAoA was 8-ish years, oldest account 13 years.  I've been at my current job for 12 years.  No auto loan history because I purchased previous car in cash and drove it for 7 years, prior to that still had the first car my dad bought me as a teenager.  

[Anonymous]

APPROVING BANK: Toyota Financial Services
BUREAU PULLED: Transunion and Experian 
CREDIT SCORE:  692 when Dealer pulled and TR 764, EQ 763, EX 766 Auto-Enhanced 
CUSTOMER STATE OF RESIDENCE: Texas 
NEW/USED: New 
YEAR OF VEHICLE:  2015
MAKE: Toyota
MODEL: Corolla S Plus (Fully Loaded: Moonroof, navigation, Smart key push button start)
MILEAGE: 25
RETAIL/LEASE:  Sticker price $24,000, but talked down to $21,600 OTD price
AMOUNT OF LOAN: $21,600
TERM CONTRACTED: 60 months (will pay early)
APR/LEASE RATE:  0% !! (I still can't believe it)
MONTHLY PAYMENT:  $367
ANNUAL INCOME:  No proof of income, but salesman added on appl. $2,200 a month
DEBT TO INCOME RATIO:  2%
MISCELLANEOUS COMMENTARY:Okay, I am in love with my car!  It is actually my first car loan, so I thought it would be very difficult, but I was approved at dealer instantly. I only have 4 1/2 years of credit, (I build my credit with credit cards) And I am 23 if it matters. 

[Princess9483]

Nice Shininstar00! Congrats!!

[stagefoursurvivor]

Kudos on a great APR However, OTD price means nothing except maybe to those in Tx

[cartwrna]

Out the door price is the total price he paid for the vehicle plus TTL. That is common for any state. It just gives you the total price you will pay with no more fees or extras to be added. Makes it easier to get your financing knowing exactly the amount you will need and that nothing else will be added. I'm not sure what you mean by only means something in Texas?

[stagefoursurvivor]

Uhhhhh, no

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@cartwrna wrote:
Out the door price is the total price he paid for the vehicle plus TTL. That is common for any state. It just gives you the total price you will pay with no more fees or extras to be added. Makes it easier to get your financing knowing exactly the amount you will need and that nothing else will be added. I'm not sure what you mean by only means something in Texas?

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Uhhhh, no, you're completely wrong

OTD, out-the-door, price INCLUDES ALL taxes(TT&L), fees, add-ons, etc. Hence, this OTD price only applies to those purchasing in Tx

[cartwrna]

He was just detailing what he paid for OTD, I don't see how it only applying to residents in TX is relevant to his post? I also stated the OTD price is total you will pay with no more fees or extras added including TTL. I've bought many cars, I know what OTD is

[stagefoursurvivor]

If you think TT&L isn't included in OTD price then, no you don't know what OTD is and it's very clear you don't know from your earlier post.

The price paid WITHOUT TT&L is the most important point for a national audience and is relevant for everyone. To add Tx TT&L is IRrelevant where the % is likely different in other states.

I'm not "flaming" you, simply correcting your misperception. "Purchase Price" should include everything BUT TT&L to provide a true measure of the price regardless of the state you purchased.

OTD in Calif(10%tax) is likely much higher than OTD in NC(2%tax)

[Anonymous]

Negative Nancy has come to rain on another parade.. 

[cartwrna]

I worded that last post wrong but if you read the one I first posted top of page it clearly states "Out the door price is the total price he paid for the vehicle PLUS TTL." I'm not going to sit on here and argue with you though. This is a place for people to post there approvals and that's all. Not to be criticized for how they post them Have a good day mam/sir.