Auto Loan Approvals!

[ls2016]

Auburn all the way!!!!

[bigpoppa09]

APPROVING GM Financial
BUREAU PULLED: Transunion
CREDIT SCORE: 750 (Fico Auto 9)
CUSTOMER STATE OF RESIDENCE: UT
YEAR OF VEHICLE: 2018
MAKE: GMC
MODEL: Terrain (FWD SLE)
MILEAGE: 2
RETAIL/LEASE: Lease
AMOUNT OF LOAN: $22100
TERM CONTRACTED: 36
APR/LEASE RATE: .00117
MONTHLY PAYMENT: $220 - Including Gap 
ANNUAL INCOME: $275K ( with DW)
DEBT TO INCOME RATIO: 5%

[birjest]

APPROVING BANK: VyStar
BUREAU PULLED: Equifax
CREDIT SCORE: 647
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: HONDA
MODEL: ACCORD EX-L w/NAVI
MILEAGE: 80
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 40500
TERM CONTRACTED: 77
APR/LEASE RATE: 6.69
MONTHLY PAYMENT: 655
ANNUAL INCOME: 102,300
DEBT TO INCOME RATIO: Pretty High
MISCELLANEOUS COMMENTARY: Pretty high for the interest rate. However, after 6 months to a year, I will refinance with either USAA or NFCU.  Otherwise, it is a nice vehicle and very roomy; as compared to my 2012 Honda Accord EX-L w/Navi (daughter drives that one to the community college here). Also got the no payment for 90 days. 

[KAISMOM]

APPROVING BANK:  Kia Financial Services
BUREAU PULLED: EQ 774
CREDIT SCORE: as above
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2018

MAKE: Kia

MODEL: Soul (base) with Navigation+
MILEAGE: 24
RETAIL/LEASE: 18,500
TERM CONTRACTED: 24 months (36 months would give me lower monthly but since I don't know where I'll be in 2 years time I opted for the 24 months)
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $360 including tax w/ $500 down+tax/licence (including wear and tear coverage @ $35 a month and gap insurance)
MISCELLANEOUS COMMENTARY: Interestingly the dealership was not interested in looking at my bank statements due to my high fico score. I am self-employed so I was a bit surprised. Financing appeared to fib on app when forwarding to Kia Finance.  In retrospect, I might not have gotten wear and tear especially if you plan on buying at end of the term, save your money! Kia provides gap insurance. My first new car. Gotta start somewhere. Score dropped 10 points but will raise back up no doubt. 

[reckedhim]

APPROVING BANK: DCU
BUREAU PULLED: None - accepted preapproval that shows up when logging into account
CREDIT SCORE: Mortgage score from DCU - 771
CUSTOMER STATE OF RESIDENCE: WI
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Chevrolet
MODEL: Corvette
MILEAGE: 80,000
RETAIL/LEASE: Private Party
AMOUNT OF LOAN: 18,000
TERM CONTRACTED: 65 Months
APR/LEASE RATE: 2.49%
MONTHLY PAYMENT: $300
ANNUAL INCOME: 75,000
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: DCU made the private party purchase easy.  I faxed them the intent to sell/buy form and they overnighted me the check.

[Anonymous]

APPROVING BANK: Toyota Motor Credit Corp
BUREAU PULLED: Experian
CREDIT SCORE: 655
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: Toyota
MODEL: Corolla LE
MILEAGE: 110
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23105
TERM CONTRACTED: 72
APR/LEASE RATE: 5.2
MONTHLY PAYMENT: 374.46
ANNUAL INCOME: 45k
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: 2k down, 1500 trade, 1500 rebate, rolled over 2400. Dealership fought tooth and nail to get me the rate. I was getting rates around 9% from 3 banks and TMC came back with 5.2

[darkknight59]

APPROVING BANK: Huntington Bank
BUREAU PULLED:  TU
CREDIT SCORE: 785
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: CPO
YEAR OF VEHICLE:2017
MAKE:Mercedes Benz
MODEL: GLA 250
MILEAGE: 21000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30,000
TERM CONTRACTED: 72
APR/LEASE RATE: 3.95
MONTHLY PAYMENT: 482
ANNUAL INCOME: 185,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: No special MB rates, will refinance since I now have received better rate offer from my CU.

[darkknight59]

APPROVING BANK: Mini Financial Service
BUREAU PULLED: EQ 
CREDIT SCORE: 783
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: Mini
MODEL: Cooper 2 Dr
MILEAGE: 52
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 29,400.00
TERM CONTRACTED:72
APR/LEASE RATE: 0.9
MONTHLY PAYMENT: 411
ANNUAL INCOME: 180,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Traded in my 2016 for the 2018 with more equipment, had a 1.9 rate on the 2016 from Mini Finacial and went to 0.9 on the 2018.

[Anonymous]

APPROVING BANK: PNC
BUREAU PULLED: Experian
CREDIT SCORE: 656
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: used
YEAR OF VEHICLE: 2013
MAKE: Lexus
MODEL: LX570
MILEAGE: 35k
RETAIL/LEASE: retail
AMOUNT OF LOAN: 41,200
TERM CONTRACTED: 60
APR/LEASE RATE: 6.49
MONTHLY PAYMENT: 806
ANNUAL INCOME: 108000
DEBT TO INCOME RATIO: 5%
MISCELLANEOUS COMMENTARY: I have 2 personal accounts and one business account with PNC. I received what they call a “check ready loan.” The Lexus dealer will not deliver the car until thyou funds clear their account which I find pretty ridiculous, but whatever.

[rexbolt]

APPROVING BANK: Honda Finance
BUREAU PULLED: Equifax
CREDIT SCORE: 768
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: Honda
MODEL: Civic Hatchback EX
MILEAGE: 5
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $23,534
TERM CONTRACTED: 36
APR/LEASE RATE: .9%
MONTHLY PAYMENT: 668
ANNUAL INCOME: $120,000
DEBT TO INCOME RATIO: 9%
MISCELLANEOUS COMMENTARY: Put no money down. Signed and drove out of lot. Brought car after 2015 Audi A3 lease was up. Sans the Quattro AWD, this car is better in almost every way. Looking to pay off in 2-3 years, also, at 3 years, I was able to get the .9% deal from Honda. They orginally offered me a price of $24,040, not including TTT. Told them I would buy the car today for $21,500. They accepted the offer of $21.5K. Very happy.