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Valued Contributor
Epcot
Posts: 2,784
Registered: ‎10-10-2012
0

Re: Auto Loan Approvals!

APPROVING BANK: Ford Motor Credit
BUREAU PULLED: EX
CREDIT SCORE: 740
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Ford
MODEL: F-150 XLT Supercrew
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 29,000
TERM CONTRACTED: 72 months
APR/LEASE RATE: 6.5
MONTHLY PAYMENT: 490
ANNUAL INCOME: 120k
DEBT TO INCOME RATIO: 15%
MISCELLANEOUS COMMENTARY: Very happy with my new truck. Got it with the 5.0L V8, 302A package and 3.55 rear locking gears, extended warranty, tire/wheel protection and 4 years worth of general maintenance. Got 9,500 in rebates and 10,000 for my trade in. 3,500 worth of rebates was by financing with Ford, will refinance in 90 days.  


Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Regular Contributor
Hoya08
Posts: 109
Registered: ‎06-05-2013
0

Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK: PenFED

BUREAU PULLED: ???
CREDIT SCORE: CK FAKO 772/ Quizzle FAKO 776/ CS FAKO 815
CUSTOMER STATE OF RESIDENCE: VA
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Audi
MODEL: A4 Prestige
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: approved 44,000 (will only use around 42,000)
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.99
MONTHLY PAYMENT: 571 (Payment Saver Plan, and will decrease to reflect actual loan disbursement amount)
ANNUAL INCOME: currently well over 6-figures due to 'OT'
DEBT TO INCOME RATIO: currently < 1%, but base is 30%
MISCELLANEOUS COMMENTARY: Audi is currently approx $300 over invoice, but potentially $700 under invoice; waiting on final "negotiation" numbers.  This is also a a non-traditional type of finance; thus it's not for everyone.  But we're more than happy since it works with our financial situation :smileyhappy:

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Auto Loan Approvals!

Bought my son a car to go off to college.

 

APPROVING BANK: BOA

BUREAU PULLED: EX
CREDIT SCORE: 806
CUSTOMER STATE OF RESIDENCE: OK
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Chevrolet
MODEL: Sonic LTX
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 18000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.74
MONTHLY PAYMENT: 288
ANNUAL INCOME: Let's just say 6 figures +
DEBT TO INCOME RATIO: 
MISCELLANEOUS COMMENTARY:   Told the finance guy my CU offered 1.9% and I didn't think he could beat that, but he did.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
ggroller
Posts: 5
Registered: ‎04-21-2008
0

Re: Auto Loan Approvals!

[ Edited ]

APPROVING BANK: LGE CCU

BUREAU PULLED: Equifax

CREDIT SCORE: 623

CUSTOMER STATE OF RESIDENCE: GA

NEW/USED: Used, Certified pre-owned (CPO)

YEAR OF VEHICLE: 2010

MAKE: Honda MODEL: Insight EX

MILEAGE: 28000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 16700

TERM CONTRACTED: 60 months

APR/LEASE RATE: 12.74

MONTHLY PAYMENT: 380

ANNUAL INCOME: 110k

DEBT TO INCOME RATIO: 10%

MISCELLANEOUS COMMENTARY: Fresh out of 5 years of chapter 13 bk, which was discharged in May of 2013. Second auto loan since bk. Some banks declined me, Capital One offered 16.9% APR, but finance manager in local Honda dealership was able to find financing from a local CU for less, at 12.74%. I wasn't a member there before, but now got automatic membership through this car loan. I do plan to pay off both car loans much quicker and will likely refinance at lower APR in 12-14 months as my credit improves.

Member
onmyway2day
Posts: 9
Registered: ‎05-31-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: Wells Fargo Dealer Services

BUREAU PULLED: EX
CREDIT SCORE: 623 FICO (not sure what they pulled for Auto FICO, but it would be higher)
CUSTOMER STATE OF RESIDENCE: AZ
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Chevy
MODEL: Traverse 2LT

MILEAGE: 18
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 38,400 (sticker price was $43,090)

TERM CONTRACTED: 60 months
APR/LEASE RATE: 0%!!!
MONTHLY PAYMENT: 640
ANNUAL INCOME: 88k
DEBT TO INCOME RATIO: not sure
MISCELLANEOUS COMMENTARY: Got 0% approval from WFDS only 4 months after my BK7 was discharged! Still on cloud 9 :-)


Starting Score: 500
Current Score: 631
Goal Score: 700


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New Member
kyp275
Posts: 3
Registered: ‎06-30-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: NFCU

BUREAU PULLED: Unknown
CREDIT SCORE: 716 EQ, 712 EX, 798 TU
CUSTOMER STATE OF RESIDENCE: MI
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Ford
MODEL: Focus ST

MILEAGE: 70
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 26650

TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.79%
MONTHLY PAYMENT: 460
ANNUAL INCOME: 47k
DEBT TO INCOME RATIO: was zero :smileytongue:
MISCELLANEOUS COMMENTARY: Love the car, fully loaded ST3 package with moonroof :smileyvery-happy:

Member
rich092201
Posts: 21
Registered: ‎07-30-2013
0

Re: Auto Loan Approvals!

Approving bank: ALLY
fico: 561
Bureau pulled: TU
STATE: NY
MAKE: CHEVROLET
MODEL: MALIBU
NEW 2013
MILES 0
APR: 8.9
TERM: 72
PYMT $481
MONEY DOWN $0

SUBVENTED RATE IN LIEU OF REBATES, ROLLED IN $4800 FROM REGIONAL ACCEPTANCE LOAN
Member
rich092201
Posts: 21
Registered: ‎07-30-2013
0

Re: Auto Loan Approvals!

Amount of loan 26000
Contributor
Poozie121
Posts: 119
Registered: ‎06-30-2013
0

Re: Auto Loan Approvals!

APPROVING BANK: capital one auto
BUREAU PULLED: all 3
CREDIT SCORE: 640
CUSTOMER STATE OF RESIDENCE: MN
NEW/USED: Used
YEAR OF VEHICLE: 2010
MAKE: Honda
MODEL: civic
MILEAGE: 36,056
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 7800
TERM CONTRACTED: 34 Months
APR/LEASE RATE: 3.59%
MONTHLY PAYMENT: 246
MISCELLANEOUS COMMENTARY: refi ....
Gardening until 8/10/2014! I love this forum!!!! EX- 687 TU-688 EQ - 680 ...all pulls 12/2013 (myfico)
Ch 7 discharge - 12/11. Discover $6k, DCU $3k, Barclays rewards $3k, Barclays Sallie Mae $3k Sony Visa $2500 Capital One Quicksilver $5 Capital One Venture One $3k, best buy mastercard1000

New Member
larrywoods0382
Posts: 2
Registered: ‎10-19-2012
0

Re: Auto Loan Approvals!

APPROVING BANK:USAA Federal Savings Union BUREAU PULLED: Equifax CREDIT SCORE: 608 CUSTOMER STATE OF RESIDENCE: Georgia NEW/USED: Used YEAR OF VEHICLE: 2011 MAKE: Mercedes-Benz MODEL: MILEAGE: E350 4matic RETAIL/LEASE: Retail AMOUNT OF LOAN: 21,000 TERM CONTRACTED:48 months APR/LEASE RATE:8.6% MONTHLY PAYMENT:410 ANNUAL INCOME:180,000 DEBT TO INCOME RATIO: MISCELLANEOUS COMMENTARY: I just completed my chapter 13 in addition to a divorce where I pretty much gave up everything just to get out of the marriage..Had a pre approval with roadloans but the interest rate gave me pause, I applied to USAA about 2 weeks ago and they declined me so I wrote a recon E-mail, the next day they told me to reapply and I got the loan!!!! I'm so damn excited right now.

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