cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Approvals!

tag
justdonating
Member

Re: Auto Loan Approvals!

tch901, you might save a couple hundred a month in fuel alone! Congrats!

Message 1041 of 4,736
clg1231
Established Member

Re: Auto Loan Approvals!


@justdonating wrote:

tch901, you might save a couple hundred a month in fuel alone! Congrats!


Yes, I am!  I have loved that Durango though.  But my previous two fill-ups at nearly $85.00 each were the nail in the coffin.  Just picked my car up last night... she's pretty!


Starting Score: Jan 2012 – EQ 582, TU 615
Current Score: Dec 2023 - EQ 790, TU 740, EX 785
Goal Score: 800 Club
Message 1042 of 4,736
guydiver
Established Contributor

Re: Auto Loan Approvals!


@clg1231 wrote:
APPROVING BANK:  Local CU
BUREAU PULLED:  Equifax
CREDIT SCORE:  714 (Auto Enhanced FICO)
CUSTOMER STATE OF RESIDENCE:  GA
NEW/USED:  New
YEAR OF VEHICLE:  2012
MAKE:  Toyota
MODEL:  Camry Hybrid LE
MILEAGE:  <50
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  Approved for up to 36k, financing approx. 27k
TERM CONTRACTED: 72 months
APR/LEASE RATE:  3.29%
MONTHLY PAYMENT:  420
ANNUAL INCOME:  60k
MISCELLANEOUS COMMENTARY:  My first new car, first time in my life I've ever had a decent rate.  It is time to get out of my monster Dodge Durango, which gets 14.5 mpg.  90% of my driving is city miles.  I should average about 42 mpg on my new car.  Feeling very proud!

Congrats!

Message 1043 of 4,736
amkari
New Contributor

Re: Auto Loan Approvals!

@fp... even at 14% it is still cheaper than what I'm averaging just to keep my truck on the road... it's cost me an average of $325 per mo in repairs not counting the new repairs over the last 24 months and $550 per month in fuel (avg 15-16 mpg).


I did get an approval from a local cu... $10k for 7.49%. I just can't find anything with low enough miles that I trust putting on my 80 mi daily commute, especially once the temps get below zero in winter much less something I would be willing to trust driving my kids in.
Mar 2012: 03/31/2012 - FICO EX 599 (auto loan pull) EQ 593 TU 602)
Oct 2012: 10/25/2012 - EX (tenant screening) 655 - EQ (myfico.com) 641 - TU (myfico.com) 622
Aug 2020: FICO 8: EQ 690, TU 685, EX 688
700s or Bust!
Message 1044 of 4,736
tsu1112
New Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal CU
BUREAU PULLED: 
CREDIT SCORE: 710
CUSTOMER STATE OF RESIDENCE: tx
NEW/USED: New
YEAR OF VEHICLE: 2011
MAKE: Toyota
MODEL: Prius
MILEAGE: 27 
RETAIL/LEASE: 22800
DOWN PAYMENT: 5,000
AMOUNT OF LOAN: 19,053
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79
MONTHLY PAYMENT: 345
ANNUAL INCOME: 63,000

MISCELLANEOUS COMMENTARY:  Pre-approved through NFCU and decideded on 2011 Prius since they were offering great deals to get them off of the lot.
Message 1045 of 4,736
mal007colm
Valued Member

Re: Auto Loan Approvals!

APPROVING BANK: Toyota Finance
BUREAU PULLED: Experian
CREDIT SCORE: 728
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: Toyota
MODEL: Camry
MILEAGE: 35,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19,388
TERM CONTRACTED: 72
APR/LEASE RATE: 5.99
MONTHLY PAYMENT: 331

ANNUAL INCOME: 57,000
MISCELLANEOUS COMMENTARY I went in with a blank check from CAP1 up to 18,000 at 4.19 APR but the The Finance people convinced me that it would be to hard to meet all of CAP1's requirements. So I went with Toyota financing even though the APR was higher. I will probably refinance it in a year or so if I can get a lower APR. 331 a month was okay cause I am either going to pay 500 or 600 a month and get the balance down.


Starting Score: TU 560
Current Score: TU 750 EQ 731 EX 728?
Goal Score: TU 750+ EQ 750+


Take the FICO Fitness Challenge
Message 1046 of 4,736
webhopper
Moderator Emeritus

Re: Auto Loan Approvals!

APPROVING BANK: Navy Federal CU
BUREAU PULLED: Transunion
CREDIT SCORE: 700+
CUSTOMER STATE OF RESIDENCE: OK
NEW/USED: USED
YEAR OF VEHICLE: 2007
 
MAKE: Ford
MODEL: Explorer Sport Trac, Limited Edition
MILEAGE: 49000
RETAIL/LEASE: Refinance
AMOUNT OF LOAN: 19,100
TERM CONTRACTED: 36
APR/LEASE RATE: 4.09
MONTHLY PAYMENT: 564.67
 
ANNUAL INCOME: 93,000 + 24000 rental income + 3600 child support
MISCELLANEOUS COMMENTARY

 

previous loan was at 7.5% with Tulsa federal CU and navy federal is giving me 250 dollars cash into my savings just for refinancing with them Smiley Happy great people to work with

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 1047 of 4,736
vizon
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Huntington
BUREAU PULLED: ??? I believe Experian
CREDIT SCORE: 697 Auto Enhanced (710 Fico -- NO AUTO history previous to this)
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: FORD
MODEL: Mustang
MILEAGE: 7
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 20,000
TERM CONTRACTED: 72
APR/LEASE RATE: 4.54
MONTHLY PAYMENT: 326
ANNUAL INCOME: I put 36,000 but more due to being self employed I could have had to prove this
MISCELLANEOUS COMMENTARY: Wasn't asked for any income info. Chase denied me and had access to knowing we have high income business. I am 19, 20 in may. NO COSIGNER. Got a great deal. Huntington originally offered 6.29% @ 72 but I put another $1000 down and it brought the rate down to 4.54%.
Paid under invoice for the car.

 

Message 1048 of 4,736
jefftca925
Established Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Patelco Credit Union
BUREAU PULLED: Experian
CREDIT SCORE: 787
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: VW
MODEL: Rabbit 4-door
MILEAGE: 26k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $11,456
TERM CONTRACTED: 48 months
APR/LEASE RATE: 2.09%
MONTHLY PAYMENT: $249
ANNUAL INCOME: $60k
MISCELLANEOUS COMMENTARY:  This was for a refi with Patelco CU from VW Credit.  Had 44 payments left, so refi'd for 48, dropping the payment $30 a month.  Very happy with my Wabbit... GREAT CAR!
CCs: Chase Freedom VS 12.9k, CSP VISA Sg 13k, BofA Amex 24.5k, Discover 12.5k, US Bank Cash+ Visa Sg 17k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Costco Amex 12k, BofA CR VS 5k, Amex BCP 13.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 8k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase Hyatt VS 8k, Citi Simplicity 13.3k, PayPal MC 7.5k, BBVA Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 16.3k, C1 QS Visa 11k, FRN MC 15k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Arrival WEMC 10k, Ebates VS 8k, Orbitz VS 12k, NASA V 30k, USBk FP VS 21.5k, DC 30k, VirgAm 15k, Sams MC 15k, Amex Bz Gold, Amex SC 10k, BofW Bz MC 18k
Message 1049 of 4,736
Anonymous
Not applicable

Re: Auto Loan Approvals!

APPROVING BANK: JPMorgan FTWorth
BUREAU PULLED:Experian Auto Enhanced
CREDIT SCORE: 762
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Ford
MODEL:Mustang GT
 MILEAGE:  14
 RETAIL/LEASE: Retail
AMOUNT OF LOAN: 26000
TERM CONTRACTED: 5 year
 APR/LEASE RATE: 3.04 Apr
MONTHLY PAYMENT:463.14
ANNUAL INCOMESmiley Surprisedver 70k
MISCELLANEOUS COMMENTARY: There is a 3000 rebate through 4/1/2012 on this model. So I took that and added 7000 down. This was all possible from 10 years of patiently building a no late on auto history
Message 1050 of 4,736
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.