Auto Loan Approvals!

[JackR1182]

Do you have to live in the NE to join penfed? I'm in Alabama.

[StartingOver87]

Finally got my approval after two years of denials! YAY ME! 

APPROVING BANK: TD Auto Fnance
BUREAU PULLED:Experian
CREDIT SCORE: 623
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Toyota
MODEL: Camry
MILEAGE: 266
RETAIL/LEASE:
AMOUNT OF LOAN: 23,335
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 7.12
MONTHLY PAYMENT: 358.85
ANNUAL INCOME: 29,000
DEBT TO INCOME RATIO: 
MISCELLANEOUS COMMENTARY:

[KpMeth]

APPROVING BANK: Toyota Financial

BUREAU PULLED: Equifax

CREDIT SCORE: 712

CUSTOMER STATE OF RESIDENCE: California

NEW/USED: New

YEAR OF VEHICLE: 2013

MAKE: Toyota

MODEL: Prius two

MILEAGE: 4

RETAIL/LEASE:

AMOUNT OF LOAN: 28K

TERM CONTRACTED: 72 mo

APR/LEASE RATE: 3.85

MONTHLY PAYMENT: $450

ANNUAL INCOME: 64K

DEBT TO INCOME RATIO: 05/9.5

MISCELLANEOUS COMMENTARY: I bought the car last night and yes! great gas saving I can already feel it!! I believe I could probably got lower APR but its Prius and Hybrids...Its kinda hard to get lower APR I think because Salesman was offering 0.9% APR for New Avalon..

He said there is not much he can do if I really want Prius..

Well..I think I did pretty good

[Cageym]

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 793
CUSTOMER STATE OF RESIDENCE: TX (Contractor in Diego Garcia, BIOT)
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Jeep
MODEL: Grand Cherokee Limited
MILEAGE: 0 (Not built yet)
RETAIL/LEASE: $41,986
AMOUNT OF LOAN: $31,986
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $580
ANNUAL INCOME: $54,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Ordered from Exchange Overseas Car Sales, it will deliver when I'm back in the states this summer for vacation. It took all of 5 minutes on the phone for pre-approval.

[TNTransplant]

APPROVING BANK:  PenFed Credit Union      
BUREAU PULLED:  Equifax
CREDIT SCORE:  752
CUSTOMER STATE OF RESIDENCE:  Ohio
NEW/USED:  Used
YEAR OF VEHICLE:  2012
MAKE:  Honda
MODEL:  Civic
MILEAGE:  12000
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $15000
TERM CONTRACTED: 5 yrs
APR/LEASE RATE:  1.74%
MONTHLY PAYMENT:  $260
MISCELLANEOUS COMMENTARY:  Bought a second car with better gas mileage for the long commute with my new job.  Will pay off early - just wanted the flexibility of low payments if needed.

[Dustink]

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@Cageym wrote:

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 793
CUSTOMER STATE OF RESIDENCE: TX (Contractor in Diego Garcia, BIOT)
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Jeep
MODEL: Grand Cherokee Limited
MILEAGE: 0 (Not built yet)
RETAIL/LEASE: $41,986
AMOUNT OF LOAN: $31,986
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $580
ANNUAL INCOME: $54,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Ordered from Exchange Overseas Car Sales, it will deliver when I'm back in the states this summer for vacation. It took all of 5 minutes on the phone for pre-approval.

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Doesn't sound like you went for the diesel. Got a good rate for that long term from NFCU.

[Walt_K]

APPROVING BANK:  PenFed Credit Union      
BUREAU PULLED:  Equifax
CREDIT SCORE:  Not sure
CUSTOMER STATE OF RESIDENCE:  DC
NEW/USED:  Used
YEAR OF VEHICLE: 
MAKE: 
MODEL: 
MILEAGE: 
RETAIL/LEASE: 
AMOUNT OF LOAN:  $35000
TERM CONTRACTED: 5 yrs
APR/LEASE RATE:  1.74%
MONTHLY PAYMENT: 
MISCELLANEOUS COMMENTARY:  I was conditionally approved.  Haven't selected a vehicle yet, but I am looking at the Acura MDX.  Don't have my credit score from PenFed yet.  My latest EQ score from ScoreWatch is in my signature. 

[MrMike89]

APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: EQ
CREDIT SCORE: 622
CUSTOMER STATE OF RESIDENCE: Maryland
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Ford
MODEL: Focus SE
MILEAGE: 101
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $17,100
TERM CONTRACTED: 72 months
APR/LEASE RATE: 2.89%
MONTHLY PAYMENT: $257
ANNUAL INCOME: $25,000
DEBT TO INCOME RATIO: ~ 8% - 10%
MISCELLANEOUS COMMENTARY: NFCU instantly pre-approved me for $19,000. Got the price to 18,100 out-the-door. I put $2,000 down and traded in a 1999 Dodge Avenger. I did opt for a lifelong premium service package that raised the price a tad. Picked up the NFCU check at noon, walked out of the dealership at 4. Ford was able to offer a comparable financing offer, but I wanted to do right by NFCU. 

[Cageym]

---

@Dustink wrote:

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@Cageym wrote:

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 793
CUSTOMER STATE OF RESIDENCE: TX (Contractor in Diego Garcia, BIOT)
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Jeep
MODEL: Grand Cherokee Limited
MILEAGE: 0 (Not built yet)
RETAIL/LEASE: $41,986
AMOUNT OF LOAN: $31,986
TERM CONTRACTED: 60
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: $580
ANNUAL INCOME: $54,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Ordered from Exchange Overseas Car Sales, it will deliver when I'm back in the states this summer for vacation. It took all of 5 minutes on the phone for pre-approval.

---

Doesn't sound like you went for the diesel. Got a good rate for that long term from NFCU.

---

No, I did think about it but I decided to stick with the V-8. Since I work overseas right now it's only going to be driven 2 months a year max anyway. And I didn't like the idea of having to get another fluid changed every year. Yes, I got a good rate, and I'll probably pay it off sooner than that anyway. I'm putting enough down to keep my payments below $600 so I can add oney to the payment with no problems.

[Erinkkelly]

APPROVING BANK: GM Financial
BUREAU PULLED: Equifax
CREDIT SCORE: MyFico said it was 624 but the dealer pulled a FICO from Equifax and it said my score was 592?!
CUSTOMER STATE OF RESIDENCE: Ohio
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Chevy
MODEL: Cruze Eco
MILEAGE: 30
RETAIL/LEASE:
AMOUNT OF LOAN: 26,045
TERM CONTRACTED: 72
APR/LEASE RATE: 11.9
MONTHLY PAYMENT: $510.33
ANNUAL INCOME: 50,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Had negative equity of $2500 due to my previous car loan being at a 24% rate with Credit Acceptace...glads thats gone. I got a dealer $500 incentive. Only put down $365, payment not due until June 1st. Love my car, its a loaded model and got a good price because it has been sitting on the lot for 6 months. Been working really hard on my credit the past year. Going to plant myself in the garden and in one year from now try to refinance this loan with a lower rate. Gotta pay up to fix your credit!!