Auto Loan Approvals!

[PhoenixDown]

APPROVING BANK:  Toyota Financial Services
BUREAU PULLED:  EX , EQ and TU
CREDIT SCORE:  Ex MyFico (741). EQ MyFico (798)
CUSTOMER STATE OF RESIDENCE:  NY
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Toyota
MODEL:  Camry LXE Hybrid
MILEAGE: n/a
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $31,200
TERM CONTRACTED:  60  months
APR/LEASE RATE:  Zero Percent (yaaaay!)
MONTHLY PAYMENT: $520
ANNUAL INCOME:  $92k
DEBT TO INCOME RATIO:  12% as of my FICO report (statement cut before CC payment posted)

DOWNPAYMENT:4k (was optional, I just wanted to lower my monthly commitment)

TOTAL COST:$35,200 (including taxes and fees)
MISCELLANEOUS COMMENTARY:

[Anonymous]

APPROVING BANK: NMAC
BUREAU PULLED: all 3
CREDIT SCORE:680, 694, 656
CUSTOMER STATE OF RESIDENCE:FL
NEW/USED:Used
YEAR OF VEHICLE:2011
MAKE:Nissan
MODEL:Altima 3.5 SR
MILEAGE:28k
RETAIL/LEASE:Retail
AMOUNT OF LOAN:22kish
TERM CONTRACTED:72
APR/LEASE RATE:6.4
MONTHLY PAYMENT:$380
ANNUAL INCOME:$60k
DEBT TO INCOME RATIO:<1% before auto loan
MISCELLANEOUS COMMENTARY:  Like many others, I did not appreciate the significance of credit when I was younger.  Although I had fun and traveled through Europe on credit cards, my credit was in the toilet up until a couple of years ago.  It can be a SLOOOOOWWWW process trying to re-establish yourself in the eyes of lenders but I have made huge progress from where I was.  I am 34 and every car I had purchased before today was a cash purchase due to not having solid credit. Not having had an auto loan previous to this is what I was worried about most trying to get approved.  I read so many posts in these forums and listened to others people's stories and can say that it helped me out tremendously through the car buying process.  To all of those that shared their experiences, thank you very much and good luck to everyone out there!  Myfico is a wonderful place    

[tonyjones]

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@Anonymous wrote:

APPROVING BANK: NMAC
BUREAU PULLED: all 3
CREDIT SCORE:680, 694, 656
CUSTOMER STATE OF RESIDENCE:FL
NEW/USED:Used
YEAR OF VEHICLE:2011
MAKE:Nissan
MODEL:Altima 3.5 SR
MILEAGE:28k
RETAIL/LEASE:Retail
AMOUNT OF LOAN:22kish
TERM CONTRACTED:72
APR/LEASE RATE:6.4
MONTHLY PAYMENT:$380
ANNUAL INCOME:$60k
DEBT TO INCOME RATIO:<1% before auto loan
MISCELLANEOUS COMMENTARY:  Like many others, I did not appreciate the significance of credit when I was younger.  Although I had fun and traveled through Europe on credit cards, my credit was in the toilet up until a couple of years ago.  It can be a SLOOOOOWWWW process trying to re-establish yourself in the eyes of lenders but I have made huge progress from where I was.  I am 34 and every car I had purchased before today was a cash purchase due to not having solid credit. Not having had an auto loan previous to this is what I was worried about most trying to get approved.  I read so many posts in these forums and listened to others people's stories and can say that it helped me out tremendously through the car buying process.  To all of those that shared their experiences, thank you very much and good luck to everyone out there!  Myfico is a wonderful place    

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Did you have any baddies on any of your report?

[Anonymous]

APPROVING BANK: USE CU
BUREAU PULLED: EX (auto-enhanced)
CREDIT SCORE:593 (ONE late payment back in 2011 from over extending myself @  Christmas time, going to ask lender to have it removed)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2014
MAKE: Mitsubishi 
MODEL: Lancer Evolution X MR
MILEAGE: 56
RETAIL/LEASE:RETAIL 
AMOUNT OF LOAN: $47,315
TERM CONTRACTED: 84
APR/LEASE RATE: 8.5%
MONTHLY PAYMENT: 753
ANNUAL INCOME: 132K
DEBT TO INCOME RATIO: ~12%
MISCELLANEOUS COMMENTARY: Just moved to the west coast from east coast about two months ago for a massive salary bump, ran up my revolving debts getting setup/established out here...  scores are 629/657/649.   Should be back in the 700s+ by spring.  Have no intention of having loan for 7 years, will likely just pay it off completely by june and take the small hit to score as I normally only seek credit when building credit or it is convienient to do so.     

[cottoncrown]

APPROVING BANK: Toyota Financial
BUREAU PULLED: EX/TU/EQ
CREDIT SCORE:709/702/678
CUSTOMER STATE OF RESIDENCE: OR
NEW/USED:New
YEAR OF VEHICLE:2013
MAKE:Toyota
MODEL:Camry SE
MILEAGE:91
RETAIL/LEASEurchase
AMOUNT OF LOAN:18,373
TERM CONTRACTED:60 months
APR/LEASE RATE:0%
MONTHLY PAYMENT:312.00
ANNUAL INCOME:30k
DEBT TO INCOME RATIO:7%
MISCELLANEOUS COMMENTARY: 4600 down. Only 6 months credit history. Very pleased.

[Anonymous]

I had 1 unpaid account in collections from 2011 with an amount of $111.00.  No late payments, no derog, etc... 

[wreith]

This is my DW's new purchase.

It's a CPO 2013 Hyundai Elantra Coupe.  They were asking 19988, I talked them to 17535.  With 2K down.

APPROVING BANK: PNC

BUREAU PULLED: EQ

CREDIT SCORE: 780

CUSTOMER STATE OF RESIDENCE: IL

NEW/USED: Pre Owned

YEAR OF VEHICLE: 2013

MAKE: Hyundai

MODEL: Elantra Coupe GS

MILEAGE: 1731

RETAIL/LEASE: Purchase

AMOUNT OF LOAN: 17382.54

TERM CONTRACTED: 75

APR/LEASE RATE: 2.29

MONTHLY PAYMENT: 249.20

ANNUAL INCOME:43000

[TBZ612]

APPROVING BANK:  Capital One
BUREAU PULLED: Equifax
CREDIT SCORE:  655 (677 auto enhanced)
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: used
YEAR OF VEHICLE: 2013
MAKE: Chevrolet
MODEL: Malibu
MILEAGE: 16,000
RETAIL/LEASE: retail
AMOUNT OF LOAN: 21,963 (0 downpayment)
TERM CONTRACTED: 72 m
APR/LEASE RATE: 3.88%
MONTHLY PAYMENT: $342
ANNUAL INCOME: $41,000
DEBT TO INCOME RATIO: 1%
MISCELLANEOUS COMMENTARY:  My Ch7 was discharged in Dec. 2012, so I am happy to get a car at a low rate.  I was worried.  Capital One was great.  I used the blank check and the dealership couldn't beat the rate.

[drboxing]

This thread is to be used for your Auto Loan Approvals just copy and paste!
&nbsp;
APPROVING BANK: Capital one (me/ Greenwood CU (wife)
BUREAU PULLED: All three
CREDIT SCORE: 600's
CUSTOMER STATE OF RESIDENCE: RI
NEW/USED: Used(me) used (wife)
YEAR OF VEHICLE: 2012 (me) 2007 (wife)
MAKE: Ford (me) Chevy (wife)
MODEL: Fusion SE (me) Chevy HHR (wife)
MILEAGE: 25,000 / 65000
RETAIL/LEASE:
AMOUNT OF LOAN: 17,000 / 10,000 w extra stuff
TERM CONTRACTED: 72 months )/60 months
APR/LEASE RATE: 12%  (me) 9% (Wife)
MONTHLY PAYMENT: 347/ 220
ANNUAL INCOME:
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: redied the chpt 13 discharge and 2 days later got financed as we both needed vehicles badly. Had been working with dealership and was waiting to recieve discharge papers in the mail, so we weren't in the dealership more than 2 hours and had no problem getting financed whatsoever. Reading the comments on this board were extremely helpful.