Auto Loan Approvals!

[creditstarved]

APPROVING BANK: PenFed

BUREAU PULLED: Equifax, I'm sure

CREDIT SCORE: 773 (EQ FICO from myFICO)

CUSTOMER STATE OF RESIDENCE: Texas

NEW/USED: Used (refinance)

YEAR OF VEHICLE: 2008

MAKE: Saab

MODEL: 9-3 (non-Aero)

MILEAGE: 85.6K

RETAIL/LEASE: N/A

AMOUNT OF LOAN: $10,770

TERM CONTRACTED: 36 months

APR/LEASE RATE: 1.49%

MONTHLY PAYMENT: ~$306.00

ANNUAL INCOME: $40,000

MISCELLANEOUS COMMENTARY: Previous rate was 5.72% with Cap1. I wish I had done this sooner...

[jbeaster]

APPROVING BANK: JP Morgan Chase (Mazda Capital Services)

BUREAU PULLED: Equifax

CREDIT SCORE: 670 (wife was 720)

CUSTOMER STATE OF RESIDENCE: Virginia

NEW/USED: Used (certified)

YEAR OF VEHICLE: 2010

MAKE: Mazda

MODEL: Mazda5 Grand Touring - heated leather seats oooo ya!

MILEAGE: 11416

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: $16,000 (includes $800 gap insurance)

TERM CONTRACTED: 60 months

APR/LEASE RATE: 6.84% (Was originally quoted a 9.8% APR, but recently got my account paperwork was surprised with a lower APR and lower payment!)

MONTHLY PAYMENT: ~$316.00

ANNUAL INCOME: Currently officially $60,600 (what I put on my app) + bonus  - in a month will actually be closer $70,000 including the bonus.  Wife doesn't have any income, but included her on the loan as she has a clean, but thin credit history.

MISCELLANEOUS COMMENTARY: Just under 2 years since Chapter 7 BK filed in Feb 2011.  No trade-in, $2,000 down.  I was wanting to wait as long as possible from the BK to get a new family vehicle as my now commuter(formerly only) car is a 1995 Corolla with 190k miles, but this ceritified pre-owned car(1 year bumper-bumper, extended drivertain warranty to Nov 2016!) was too good of a deal to pass up.  I figure my rate is still slightly higher due to my BK obviously, but this was also my wife and I's first Auto loan - her first installment loan in general.  Going to refinance in 6 months including putting another grand down and roll the gap insurance out if the value/loan balance are all good.

[CreditMENA]

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@_jb_ wrote:

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@CreditMENA wrote:

CUSTOMER STATE OF RESIDENCE: Virginia

NEW/USED: New

YEAR OF VEHICLE: 2013

MAKE: Ford

MODEL: Fusion SE

MISCELLANEOUS COMMENTARY: I feel like I got pretty lucky - this is my first car loan at age 23, couldn't be happier with a 2.09%!

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Looks like you did well. I am looking at a 2013 Titanium later this year I think. If I do I plan to go through NFCU and finance about $15,000 of it (hopefully at 1.79% by the time I am ready to buy). How's she handle?

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It's an absolutely amazing car. The looks are stunning, I'm constantly getting comments on it. It's a bigger mid-size car, but it handles more like an Acura. The interior is extremely comfortable and has plenty of room. I got an SE with the 2.0L EcoBoost, but the only complaint so far (with roughy 100 miles on it) is that the MPG isn't that great - I'm averaging around 22 while the window sticker estimates 27 for the car. Hopefully this is just a break-in adjustment. PM me if you have any specific questions!

[kobe2012]

APPROVING BANK: Chase bank 
BUREAU PULLED: all three
CREDIT SCORE: only got my EX score of 647 (auto enhanced)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2013

MAKE: Honda

MODEL: Accord Sport
MILEAGE: 55
RETAIL/LEASE: Retail
AMOUNT OF LOAN: ~25000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.89
MONTHLY PAYMENT: 450

ANNUAL INCOME: $55000
MISCELLANEOUS COMMENTARY: applied @ capitalone one auto got approved for up to $36000 with 6.02% rate, asked if they can beat it and they did. So happy!!! I'mma first time car buyer... EDITED: I thought American honda financed me but turned out chase did cause I saw the loan when I logged into my checking account.... I hope this would give me a better chance of gettin a CSP!!!

[Anonymous]

Kobe may I ask what your credit history is like?

Reason for asking is because I am also a first time buyer (hopefully soon) and the amount of loan is about the same and I would like to get an idea for myself with the rate.

Did you put any money down?

[kobe2012]

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@Anonymous wrote:
Kobe may I ask what your credit history is like?

Reason for asking is because I am also a first time buyer (hopefully soon) and the amount of loan is about the same and I would like to get an idea for myself with the rate.

Did you put any money down?

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I have one CA that will be fallin off june of this yr and two CO that are 5-6 yrs old.... 25% util and 10 inquiries (now 14 after they ran my credit) ...AAA is about 3 or 4 years... And i put $1500 down ....  i wasnt really gonna go with their financing cause i know i might get a higher rate but luckily, they worked with me ... 

[Blackmarble18]

APPROVING BANK: Bank of America 
BUREAU PULLED:Equifax
CREDIT SCORE:690
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Used
YEAR OF VEHICLE: 2008

MAKE: Infiniti

MODEL: M45
MILEAGE: 76000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 17200
TERM CONTRACTED: 72months
APR/LEASE RATE: 3.64
MONTHLY PAYMENT: 266

ANNUAL INCOME:27000
MISCELLANEOUS COMMENTARY: The car was 21k I put 6k down. BOA offered the lowest rates and most flexibility out of all the banks I checked 

I bought my car from a private party.

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@Schoolbuskid wrote:

This thread is to be used for your Auto Loan Approvals just copy and paste!

APPROVING BANK:
BUREAU PULLED:
CREDIT SCORE:
CUSTOMER STATE OF RESIDENCE:
NEW/USED:
YEAR OF VEHICLE:

MAKE:

MODEL:
MILEAGE:
RETAIL/LEASE:
AMOUNT OF LOAN:
TERM CONTRACTED:
APR/LEASE RATE:
MONTHLY PAYMENT:

ANNUAL INCOME:
MISCELLANEOUS COMMENTARY:

Message Edited by Schoolbuskid on 05-31-2008 09:46 AM

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[Hammer23]

APPROVING BANK:Volkswagen Credit
BUREAU PULLED:All 3
CREDIT SCORE:TU 685
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED:New
YEAR OF VEHICLE:2012

MAKE:Volkswagen

MODEL: Passat TDi SE 6MT
MILEAGE:8
RETAIL/LEASE:Retail
AMOUNT OF LOAN:$23700
TERM CONTRACTED:66
APR/LEASE RATE:1.90%
MONTHLY PAYMENT:$380

ANNUAL INCOME:$100,000
MISCELLANEOUS COMMENTARY:VW is making my first payment as well.

[mtrsprt]

APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: TU
CREDIT SCORE: 639
CUSTOMER STATE OF RESIDENCE: NH
NEW/USED: New
YEAR OF VEHICLE: 2013

MAKE: Ford

MODEL: Boss 302 Mustang
MILEAGE: 17
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $ 27,000.00 ($19,000.00 down)
TERM CONTRACTED: 66 months
APR/LEASE RATE: 4.14%
MONTHLY PAYMENT: $442.00

ANNUAL INCOME: $58,000.00 base.
MISCELLANEOUS COMMENTARY:  I have been very happy with Wells Fargo.  3 auto loans within 1.5 years DURING my current rebuilding process......