Auto Loans

[striper]

Why would you have to work hard to get that deal?  You've got some good scores!

[RavRider]

Well, they weren't ALWAYS this good...I had my head in the sand for a few years, hoping that if I ignored my problems they'd just go away. WHOOPS. When I faced it, I cleaned the whole mess up PLUS in about 3 years.

[Champ057]

APPROVING BANK: BOA DOD Community Bank
BUREAU PULLED: EQ
CREDIT SCORE: 739
CUSTOMER STATE OF RESIDENCE: Military Overseas Germany
NEW/USED: New
YEAR OF VEHICLE: 2009

MAKE: VW

MODEL: Passat CC Luxury
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32989
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 4.59%
MONTHLY PAYMENT: 616
MISCELLANEOUS COMMENTARY: First new car ever purchased I was very nervous buying a new car however through the military sales program all prices were set and saleslady very helpfull during the entire process. 

[tiger20]

APPROVING BANK: Roadloans
BUREAU PULLED: TU

CREDIT SCORE: 555
CUSTOMER STATE OF RESIDENCE: GA

NEW/USED: Used
YEAR OF VEHICLE: 2004

MAKE: Jeep

MODEL: Grand Cherokee

MILEAGE: 44,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN:11000.00
TERM CONTRACTED: 36 Months
APR/LEASE RATE: 21.00%
MONTHLY PAYMENT: 606.26

Comments:  Yeah it sucks but I can afford it and I needed a vehicle. 

[RavRider]

That's a great quote at the bottom of your post. Honest as hell. I have to start a company-mandated training program at work, and though I'm not new with my employer I'm in a new position which to say it nicely is stretching my capabilities into a new shape...made me think of coaching and counseling as we call it and my challenge to get people to take personal responsibility for the actions that brought them into my office, instead of sitting and talking about "Why doesn't so and so get in trouble? Why am I being picked on/singled out/etc."

Because I caught YOU in the act, is my answer.

Sorry everyone to be off-subject. Still loving my RAV. 

Message Edited by RavRider on 02-06-2009 10:15 PM

[shalane85]

APPROVING BANK:GMAC Bank
BUREAU PULLED:Experian
CREDIT SCORE:620
CUSTOMER STATE OF RESIDENCE:Georgia
NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:Chevrolet

MODEL:Impala
MILEAGE:33 miles
RETAIL/LEASE:Financed
AMOUNT OF LOAN:$25900
TERM CONTRACTED:72 months
APR/LEASE RATE:8.9%
MONTHLY PAYMENT:464.36
MISCELLANEOUS COMMENTARY:I had a trade in (03 Chev Malibu) owed $8k and only got $4k for trade in.So I added $4k to my new loan.

[Zahnrosen]

APPROVING BANK: Capital One

BUREAU PULLED: All

CREDIT SCORE: 610 Auto Enhanced EQ

CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2009

MAKE: Nissan

MODEL: Altima
MILEAGE: 16
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 18,983 after 3k down
TERM CONTRACTED: 72
APR/LEASE RATE: 14.49%
MONTHLY PAYMENT: $404.79
MISCELLANEOUS COMMENTARY: The loan isn't the greatest but I got the dealer down on price a long way. I plan to refi the car asap into a better loan, probably 6 - 12 months.

[Schoolbuskid]

I thought GMAC announced that they would only be granting credit to those who were a 700 and higher,

or am i mistaken?

---

shalane85 wrote:

APPROVING BANK:GMAC Bank
BUREAU PULLED:Experian
CREDIT SCORE:620
CUSTOMER STATE OF RESIDENCE:Georgia
NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:Chevrolet

MODEL:Impala
MILEAGE:33 miles
RETAIL/LEASE:Financed
AMOUNT OF LOAN:$25900
TERM CONTRACTED:72 months
APR/LEASE RATE:8.9%
MONTHLY PAYMENT:464.36
MISCELLANEOUS COMMENTARY:I had a trade in (03 Chev Malibu) owed $8k and only got $4k for trade in.So I added $4k to my new loan.

---

[clocktick]

APPROVING BANK: Hudson Valley Federal Credit Union (HVFCU)
BUREAU PULLED: Experian
CREDIT SCORE:  672 (Coincidentally, the highest of all three...by a lot)
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: New
YEAR OF VEHICLE: 2008
MAKE: Saab
MODEL: 9-3
MILEAGE: ---
RETAIL/LEASE: Retail
AMOUNT OF LOAN: ~$9970
TERM CONTRACTED: 60 months
APR/LEASE RATE: 7.8%
MONTHLY PAYMENT: $200.42
MISCELLANEOUS COMMENTARY:  [This happened 11/08]  This was with a trade-in, incentives and a hefty down payment.  This CU originally denied me until the dealer called them, unbeknownst to me, and convinced them that it's a win-win situation for them even if I were to default (small loan amount on a new car and will never be upside down).  I already paid off $2500 and plan on it being completely paid in less than a year.  My history shows 3 car loans all paid off with no lates and one current car loan, no lates.   Edited to add:  Paid off 8/13/09!

Message Edited by clocktick on 02-10-2009 09:56 AM

Message Edited by clocktick on 08-14-2009 05:22 AM

[liquidlx]

APPROVING BANK: Mid State Educators Credit Union
BUREAU PULLED: All three
CREDIT SCORE: Average score of 650
CUSTOMER STATE OF RESIDENCE:Ohio
NEW/USED:Used
YEAR OF VEHICLE:2007

MAKE:Hyundai

MODEL:Sonata
MILEAGE:35,000
RETAIL/LEASE:Refinance
AMOUNT OF LOAN:15,600
TERM CONTRACTED:60 months
APR/LEASE RATE: 5.95%
MONTHLY PAYMENT:Approx 320 per month. Close on Friday
MISCELLANEOUS COMMENTARY:

I originally purchased the car through citi financial and was approved at a rate of 15.8% back in august of 2007. After a year and a half of not missing a payment of 400$ a month, I applied for refinancing through road loans and was denied so fast it would make your head spin. Then I gave it one last shot and applied with a credit union and they approved me for 7.71% then I found an offer to lower it to 5.95% with automatic payment deductions.  I am really happy~ If your trying to refinance. Keep trying!