Auto Loans

[Teknut]

APPROVING BANK: NMAC
BUREAU PULLED: TransUnion
CREDIT SCORE: 724 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Nissan
MODEL: Maxima
MILEAGE: 50
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $19000
TERM CONTRACTED: 72
APR/LEASE RATE: 5.09%
MONTHLY PAYMENT: $301
ANNUAL INCOME: $70000
DEBT TO INCOME RATIO: 1%
MISCELLANEOUS COMMENTARY: The car MSRP was $42600 but the manufacturer and the dealership were offering a lot of rebates which allowed me to get the car for $34800 out the door.  I paid $15800 down and financed the rest.  I had a preapproval from my bank for a rate of 2.74% for 72 months but decided to finance with Nissan to get the rebate.  I am planning on refinancing with my bank in a couple of weeks so that I can get the 2.74% rate.  I am a bit confused as to why Nissan shows my credit score to be so low but both myFico and Walmart TU score is around 745.  Oh well.  I did get a fully loaded sports sedan for a fairly good price so I'm happy.  Now I just gotta learn how to drive it since I have driven a Civic for the last 11 years.

[Prsnmac4]

APPROVING BANK: BANK OF AMERICA
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 675
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: Max. Vehicle age is 7 years
MAKE: Undecided
MODEL:
MILEAGE:
RETAIL/LEASE: Retail from dealer or private party
AMOUNT OF LOAN: $65,000
TERM CONTRACTED: 72
APR/LEASE RATE: 4.54%
MONTHLY PAYMENT:
ANNUAL INCOME: $289,700
DEBT TO INCOME RATIO: 11%

APPROVING BANK: BANK OF AMERICA
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 675
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW Car
YEAR OF VEHICLE: 2013
MAKE: Undecided
MODEL:
MILEAGE:
RETAIL/LEASE: Retail from dealer or private party
AMOUNT OF LOAN: $65,000
TERM CONTRACTED: 72
APR/LEASE RATE: 4.4%
MONTHLY PAYMENT:
ANNUAL INCOME: $289,700
DEBT TO INCOME RATIO: 11%

MISCELLANEOUS COMMENTARY: In the market for a used vehicle. Got approved for a New and Used car loan. First and only place I applied was Bank of America. Got approved for a used car from a dealership or private party or a New vehicle purchase.

[ihatemyscore]

APPROVING BANK: GM
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 491
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 13
MAKE: CHEVY
MODEL:CRUZE
MILEAGE:28
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN: $20,400
TERM CONTRACTED: 72
APR/LEASE RATE: 11.9%
MONTHLY PAYMENT: 401
ANNUAL INCOME: $35K
DEBT TO INCOME RATIO:?

It went to a couple dealerships but chevy was able to help me!!!!! BAM!

[Dustink]

---

ihatemyscore wrote:

APPROVING BANK: GM
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 491
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 13
MAKE: CHEVY
MODEL:CRUZE
MILEAGE:28
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN: $20,400
TERM CONTRACTED: 72
APR/LEASE RATE: 11.9%
MONTHLY PAYMENT: 401
ANNUAL INCOME: $35K
DEBT TO INCOME RATIO:?

It went to a couple dealerships but chevy was able to help me!!!!! BAM!

---

Congrats on the approval with that score!

[coreyb80]

Congrats on the approval indeed ihatemyscore.

[nikolean]

APPROVING BANK: MEFCU
BUREAU PULLED: Equifax (i think)
CREDIT SCORE: 599
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Hyundai
MODEL: Elantra Coupe
MILEAGE: 0
RETAIL/LEASE:
AMOUNT OF LOAN: 20000
TERM CONTRACTED: 60
APR/LEASE RATE: 10.24
MONTHLY PAYMENT: $427.31
ANNUAL INCOME: $67,000
DEBT TO INCOME RATIO: 6%
MISCELLANEOUS COMMENTARY:

So excited that I got pre-approved! Credit Unions really work with their customers and the loan officer went to bat for me with her supervisor. I have to put down 10% and the Hyundai Elantra's that I have seen are running about 19,000. Plus if you use Motozuma.com, Hyundai matches your downpayment up to $500. In addition, there is currently a promotion with Hyundai that gives owners of competitive cars a $500 bonus. I'm also trading in my car which is worth about $800 on a good day.

I plan to go to the dealer and see if I can get a better rate but I realize just how good I have it!!

[Sooner777]

APPROVING BANK:    Toyota Financial
BUREAU PULLED:     Equiax Auto Enhanced
CREDIT SCORE:        617
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED:  NEW
YEAR OF VEHICLE: 2013
MAKE: Toyota
MODEL: Tundra
MILEAGE:  240
RETAIL/LEASE:
AMOUNT OF LOAN: 
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT:  $740
ANNUAL INCOME:$130,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:     Went to look at some trucks today, to my surprise they bumped me up a tier so I could get the 0% financing.   Hard to beat a deal like that with credit that is still being rebuilt from a mortgage loan modification debacle.

[Hammer23]

APPROVING BANK: Volkswagen Credit
BUREAU PULLED: TU, EX, EQ
CREDIT SCORE: 711 - TU
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: NEW: New
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Jetta TDi Premium MT
MILEAGE: 8
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $25,994
TERM CONTRACTED: 72
APR/LEASE RATE: 2.65%
MONTHLY PAYMENT: $390
ANNUAL INCOME: $137000 (Spouse and I)
DEBT TO INCOME RATIO: under 30%
MISCELLANEOUS COMMENTARY: Replaced my wife's lease with this TDI. Her score was a 630. I signed with her to get her an "A" tier. VW is making our first payment. We were also Approved at PNC Bank for 2.69% for 75 months, but went with VW for the first payment and the lower rate. This is my second loan in 30 days with VW. 

[nikolean]

I'm so excited that I just got approved at Cap1 BLANK CHECK at an even LOWER RATE than with my credit Union

APPROVING BANK: Cap1
BUREAU PULLED: Experian (not sure)
CREDIT SCORE: 599 Lender Pull Experian
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE:
MODEL:
MILEAGE:
RETAIL/LEASE:
AMOUNT OF LOAN: $26,000
TERM CONTRACTED: 72
APR/LEASE RATE: 7.17
MONTHLY PAYMENT:
ANNUAL INCOME: $64,000
DEBT TO INCOME RATIO: 6%
MISCELLANEOUS COMMENTARY:

So excited. My credit union approved me for  $20,000 at 10.14 rate and I thought that was the best that I could do. On a whim I applied for Cap 1 and they approved me  for even more! I have a card with them that has been in good standing. I'm so excited as this is my first car. Thanks to everyone on the forums for all the advice.

[Sputney23]

APPROVING BANKNC
BUREAU PULLED:Eq
CREDIT SCORE:659
CUSTOMER STATE OF RESIDENCE:Alabama
NEW/USED:Used
YEAR OF VEHICLE:2012
MAKE:Volkswagen
MODEL:Jetta
MILEAGE:32000
RETAIL/LEASE:Retail
AMOUNT OF LOAN:19000
TERM CONTRACTED:72
APR/LEASE RATE:5.25
MONTHLY PAYMENT:310
ANNUAL INCOME:45000
DEBT TO INCOME RATIO:23%
MISCELLANEOUS COMMENTARY:Capital one denied me(my experian and my transunion were actually my highest scores 718 and 714)My credit card union approved me for 5.5..I purchased gap.. Really liking the car.. I put no money down but plan on paying at least 400 a month to help in the long run