Auto Loan Approvals!

[mattayy]

APPROVING BANK: Mazda Financial/J.P. Morgan Chase
BUREAU PULLED: Equifax/Trans Union
CREDIT SCORE: 622
CUSTOMER STATE OF RESIDENCE: CALIFORNIA
NEW/USED:New
YEAR OF VEHICLE:2015
MAKE: Mazda
MODEL:3
MILEAGE:41
RETAIL/LEASE:Retail
AMOUNT OF LOAN: $21.5k
TERM CONTRACTED: 72
APR/LEASE RATE: 9.5%
MONTHLY PAYMENT: $383
ANNUAL INCOME: $90k

[Anonymous]

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@mattayy wrote:

APPROVING BANK: Mazda Financial/J.P. Morgan Chase
BUREAU PULLED: Equifax/Trans Union
CREDIT SCORE: 622
CUSTOMER STATE OF RESIDENCE: CALIFORNIA
NEW/USED:New
YEAR OF VEHICLE:2015
MAKE: Mazda
MODEL:3
MILEAGE:41
RETAIL/LEASE:Retail
AMOUNT OF LOAN: $21.5k
TERM CONTRACTED: 72
APR/LEASE RATE: 9.5%
MONTHLY PAYMENT: $383
ANNUAL INCOME: $90k

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Congrats on your Mazda, the 3 gets great reviews so I am sure you will be happy.  With your scores I am pretty sure you can get a better APR through a credit union.  I have similar scores and got 4.29% from NFCU.  Might be worth a try.

[Gladius]

Why so snotty about it?

[Anonymous]

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@Gladius wrote:
Why so snotty about it

What is snotty about congratulating someone for buying a good car and then suggesting they may be able to save money by financing with a CU? My daughter has the Mazda 3 and loves it, I refinanced my Honda Accord with a credit union based on a suggestion from this very site and ended up saving thousands over the life of the loan, I think most people want suggestions on how to save money, that is the reason I joined the site.

[MarineVietVet]

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@Anonymous wrote:

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@Gladius wrote:
Why so snotty about it

What is snotty about congratulating someone for buying a good car and then suggesting they may be able to save money by financing with a CU? My daughter has the Mazda 3 and loves it, I refinanced my Honda Accord with a credit union based on a suggestion from this very site and ended up saving thousands over the life of the loan, I think most people want suggestions on how to save money, that is the reason I joined the site.

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I thought your comment was most appropriate.

[Gladius]

My why so snotty comment was directed towards "carbon".  

[Dj4Money]

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@bobby20394 wrote:

What lender pulls TU or EX for Auto Loans? In Georgia

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  Really?

  PenFed, Toyota, Nissan, Ford, Hyundai, SDFC, Capital One and many, many more.

[Anonymous]

APPROVING BANK: Bank of Maerica
BUREAU PULLED: TransUnion
CREDIT SCORE: 684
CUSTOMER STATE OF RESIDENCE: Michigan
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: BMW
MODEL: 335XI
MILEAGE: 68000
RETAIL/LEASE: 22,000
AMOUNT OF LOAN: 21,980
TERM CONTRACTED: 4 years
APR/LEASE RATE: 3.24
MONTHLY PAYMENT: 484
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: before this loan 5% now 12%
MISCELLANEOUS COMMENTARY:  This is about 6mo after paying off all my bad/noob credit cards, and opening 3 new lines of credit with chase, discover, and barclay.  I also have 40k in student loan debt that I have never paid on, but that is my only debt (plus this car now).

[Corifto]

APPROVING BANK: GTE
BUREAU PULLED: EQ
CREDIT SCORE: 643
CUSTOMER STATE OF RESIDENCE: Tampa FL
NEW/USED: Used
YEAR OF VEHICLE: 2013

MAKE: Mazda

MODEL: 3 i Touring
MILEAGE: 26,500
RETAIL/LEASE: Retail/Certified Pre Owned
AMOUNT OF LOAN: 15,373
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 3.24%
MONTHLY PAYMENT: 278
MISCELLANEOUS COMMENTARY: First car ever purchased with a loan.  Eleventh car overall.  Approved with no vehicle in mind for 17k(asked for this amount) at 3.24% after a .25% reduction for auto payments.  Applied for the loan in the morning, bought the car in the afternoon.

[Anonymous]

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@Anonymous wrote:

APPROVING BANK: Bank of Maerica
BUREAU PULLED: TransUnion
CREDIT SCORE: 684
CUSTOMER STATE OF RESIDENCE: Michigan
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: BMW
MODEL: 335XI
MILEAGE: 68000
RETAIL/LEASE: 22,000
AMOUNT OF LOAN: 21,980
TERM CONTRACTED: 4 years
APR/LEASE RATE: 3.24
MONTHLY PAYMENT: 484
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: before this loan 5% now 12%
MISCELLANEOUS COMMENTARY:  This is about 6mo after paying off all my bad/noob credit cards, and opening 3 new lines of credit with chase, discover, and barclay.  I also have 40k in student loan debt that I have nevaid on, but that is my only debt (plus this car now).

Congratulations on your BMW, you will love it.  I have over 200,000 miles on my 06 BMW 330i.  The maintenance costs are significantly higher than say a Honda but if you are even a slight bit handy you can do all of the maintenance yourself.  I have and saved a ton of money plus I enjoy doing the work.  There is a great site called e90post.com that has great information on the E9x series of BMWs.