02-14-2013 04:14 PM - edited 02-14-2013 04:15 PM
02-14-2013 07:24 PM
02-15-2013 03:43 PM
LMBray09 wrote:APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: EQ (??)
CREDIT SCORE: 688 EQ/690+ (Hubby's EQ)
CUSTOMER STATE OF RESIDENCE: CA
YEAR OF VEHICLE: 2013MAKE: FordMODEL: Edge SEL
AMOUNT OF LOAN: $34K
TERM CONTRACTED: 72 mos
APR/LEASE RATE: 2.79%
MONTHLY PAYMENT: $513ANNUAL INCOME: $66K+
MISCELLANEOUS COMMENTARY: So if you've read any of my posts, I originally went through USAA when I had 4K (620 EQ) in credit debt and was still approved for 25K (no budge) at 4.59% for 72 months. Well I decided not to take it and just pay off my credit cards and try again when it reported to my score/report. Well it finally reported and my score jumped to 688 EQ. I called USAA again and asked for $34K (tax and registration included) and they said no..only 20K at 12.99% (!!!!) Turns out they weren't calculating in my husbands special pays and after that, offered 29K but still 12.99%. I asked why such a huge interest rate difference from before when my credit score obviously jumped and debt became less. Guy agreed with me but had no idea why. So I applied with NFCU (became members last week) and they approved us for the full 34K in less than 10 minutes. I go pick up my check tomorrow and brand new ford edge in the morning ))) Everyone was right, NFCU is awesome!
Congrats on your victory over the APR. I still do not understand why many people with 675+ keep on going with USAA and get a 4.99%+, when they can go with NFCU and get a 1.79-2.99% with the same score! It's a no brainer! Once again congrats and enjoy you new vehicle!
02-17-2013 08:07 PM
02-18-2013 06:27 AM
This thread is very useful. Congrats to everyone
02-18-2013 07:06 PM
02-18-2013 09:29 PM
BKFireFly wrote:APPROVING BANK: American Honda Financial Corp
BUREAU PULLED: Experian
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: Certified Used
YEAR OF VEHICLE: 2010MAKE: HondaMODEL: CRV EX
AMOUNT OF LOAN:$ 18, 323TERM CONTRACTED: 5 yrs
APR/LEASE RATE: 11.09
MONTHLY PAYMENT: $ 399ANNUAL INCOME: $ 40K
MISCELLANEOUS COMMENTARY: First time buyer, and I happy to get financed at with this rate given the dings and pings in my credit. This was the lowest rate I was offered (Roadloans, Credit Union, & recently denied by Chase, Honda & CapOne for loans). I figure in a year or so when I have developed a payment histroy and cleaned up my CR some more-I will try to refi at a much more decent rate. Thus far happy and very content.
How much did you have to put down?
02-18-2013 09:42 PM
02-18-2013 09:58 PM
02-18-2013 11:22 PM
jessientyler0726 wrote:APPROVING BANK: Hyundai Motor Finance
BUREAU PULLED: EQ
CREDIT SCORE: 542CUSTOMER STATE OF RESIDENCE: SC
YEAR OF VEHICLE: 2012MAKE: HyundaiMODEL: Sonata HybridMILEAGE: 17RETAIL/LEASE: retail
AMOUNT OF LOAN: 27500
TERM CONTRACTED: 72
APR/LEASE RATE: 13.79
MONTHLY PAYMENT: 559ANNUAL INCOME: 52k
MISCELLANEOUS COMMENTARY: not thrilled about the APR but Carmax had offered me 24% on a used version of the same model with 7k on the car. Only went to dealership to test drive car, ended up getting a good deal and will be refinancing in about 6 months, just have to pay down credit cards since that is the only reason that my score is low.
Heh seriously congrats, I would've adored to get that rate with my own 551 Auto EX pull; seriously that dealer did you right, though admittedly I did get a pretty easy refinance 8 months later down to 6%, so likely once your CC debt is paid and you have positive history on the auto loan (6+ months) you likely can do better depending where your scores wind up.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.