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Auto Loan Approvals!

Frequent Contributor

Re: Auto Loan Approvals!

i will have to check the paper work. I may be wrong, I'm not too concerned, the payment is what i wanted, and I wanted the car.
Amex Platinum NPSL I Chase Sapphire Reserve 78K I JP Morgan Ritz 50k I I Barclay Black Luxury 43,750 I Capital One QuickSilver 40K I Amex BCP 34k I Amex Optima Platinum 30k I Chase Hyatt 30k I B of A Cash Rewards 30K I Barclays Arrival+ World E 29k I Chase Freedom 26,600 I Lowes 25k I Pen Fed PR Visa Sig 20K I Home Depot 17k I B of A Merrill Lynch 16,800 I NFCU Cash Rewards 8k

Amex Biz Platinum NPSL I Lowes Business 42k I Amex Simply Cash + $22,500 I Chase Ink 21K I B of A World Points $20,500 I B of A Bus MasterCard 16k I Amex SPG 3K.
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK:Gateway One Auto Lending
BUREAU PULLED: Transunion
CREDIT SCORE:684
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED:Used
YEAR OF VEHICLE:2012
MAKE:Chevrolet 
MODEL: Impala 
MILEAGE:35,000
RETAIL/LEASE:
AMOUNT OF LOAN:17,000
TERM CONTRACTED:72
APR/LEASE RATE:5.9
MONTHLY PAYMENT:326
ANNUAL INCOME:80,000
DEBT TO INCOME RATIO: None
MISCELLANEOUS COMMENTARY: I have been on a credit repair journey, have had many things removed. Applied in person at Fifth Third & got turned down because I didnt have enough credit histor. Went to Phlilips Chevy in Frankforth, Illinois & the dealer got me approved at 5.9%. I plan on re-fianancing in a year through my credit union & I plan on paying this off in 2.5yrs. Also got gap coverage & the certified warranty extended

Established Contributor

Re: Auto Loan Approvals!

APPROVING BANK:USAA
BUREAU PULLED: Equifax
CREDIT SCORE:691
CUSTOMER STATE OF RESIDENCE: Alabama

NEW/USED:Used
YEAR OF VEHICLE:2011
MAKE:BMW
MODEL: 328i hard top convertible coupe
MILEAGE:41,000
RETAIL/LEASE:
AMOUNT OF LOAN:21,000
TERM CONTRACTED:48
APR/LEASE RATE:12.64
MONTHLY PAYMENT:
ANNUAL INCOME:180,000
DEBT TO INCOME RATIO: 4%
MISCELLANEOUS COMMENTARY: Found a nice deal on this low mile convertible.  Originally asking 33K, down to 29K, put about 9K down so LtV 65%.  Asked for 21,000 approved 22,500, interest rate is way too high.  Not taking this deal and probably not buying the car.  Ridiculous as I just got 5% from cap1 on a refinance.

Valued Contributor

Re: Auto Loan Approvals!


coterotie wrote:

APPROVING BANK:USAA
BUREAU PULLED: Equifax
CREDIT SCORE:691
CUSTOMER STATE OF RESIDENCE: Alabama

NEW/USED:Used
YEAR OF VEHICLE:2011
MAKE:BMW
MODEL: 328i hard top convertible coupe
MILEAGE:41,000
RETAIL/LEASE:
AMOUNT OF LOAN:21,000
TERM CONTRACTED:48
APR/LEASE RATE:12.64
MONTHLY PAYMENT:
ANNUAL INCOME:180,000
DEBT TO INCOME RATIO: 4%
MISCELLANEOUS COMMENTARY: Found a nice deal on this low mile convertible.  Originally asking 33K, down to 29K, put about 9K down so LtV 65%.  Asked for 21,000 approved 22,500, interest rate is way too high.  Not taking this deal and probably not buying the car.  Ridiculous as I just got 5% from cap1 on a refinance.


Yeah, that rate is way too high.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Frequent Contributor

Re: Auto Loan Approvals!

IM shocked that USAA is that high. Whenever I log on to my usaa online they always make a point of letting me know im pre approved for like 2.99% or something up to 50k. Wonder why they thought the need to give you 12%. Heck even on my leasure loan I took out a couple years ago to buy a pair of jetskis It was 6% and I was told for a non essential purchase like a car or house, that was pretty good. 

Amex Platinum NPSL I Chase Sapphire Reserve 78K I JP Morgan Ritz 50k I I Barclay Black Luxury 43,750 I Capital One QuickSilver 40K I Amex BCP 34k I Amex Optima Platinum 30k I Chase Hyatt 30k I B of A Cash Rewards 30K I Barclays Arrival+ World E 29k I Chase Freedom 26,600 I Lowes 25k I Pen Fed PR Visa Sig 20K I Home Depot 17k I B of A Merrill Lynch 16,800 I NFCU Cash Rewards 8k

Amex Biz Platinum NPSL I Lowes Business 42k I Amex Simply Cash + $22,500 I Chase Ink 21K I B of A World Points $20,500 I B of A Bus MasterCard 16k I Amex SPG 3K.
Contributor

Re: Auto Loan Approvals!

APPROVING BANK: NFCU
BUREAU PULLED: EQ 
CREDIT SCORE: 650 (lowest of my 3 scores)
CUSTOMER STATE OF RESIDENCE: DC
NEW/USED: refi
YEAR OF VEHICLE: 2011
MAKE: Mazda
MODEL: Mazda 3 Hatchback GT
MILEAGE: 16000
RETAIL/LEASE: retail
AMOUNT OF LOAN: $17K
TERM CONTRACTED: 48 mos.
APR/LEASE RATE: 2.99
MONTHLY PAYMENT: $337
ANNUAL INCOME: $105K
DEBT TO INCOME RATIO: 17%
MISCELLANEOUS COMMENTARY: Have made 25 payments on the orig. loan (Cap1, 12.04%). Just joined NFCU today and also got a Signature Cash Rewards Visa with a sweet limit, so I'm loving them. 

Frequent Contributor

Re: Auto Loan Approvals!

awp317....sorry about that. If you're happy, that's all that matters.

 

Smiley Happy

Myfico scores.....
EX... 805 (11-10-13)
EQ... 810 (12-02-13)
TU... 810 (12-02-13)
Valued Contributor

Re: Auto Loan Approvals!


coterotie wrote:

APPROVING BANK:USAA
BUREAU PULLED: Equifax
CREDIT SCORE:691
CUSTOMER STATE OF RESIDENCE: Alabama

NEW/USED:Used
YEAR OF VEHICLE:2011
MAKE:BMW
MODEL: 328i hard top convertible coupe
MILEAGE:41,000
RETAIL/LEASE:
AMOUNT OF LOAN:21,000
TERM CONTRACTED:48
APR/LEASE RATE:12.64
MONTHLY PAYMENT:
ANNUAL INCOME:180,000
DEBT TO INCOME RATIO: 4%
MISCELLANEOUS COMMENTARY: Found a nice deal on this low mile convertible.  Originally asking 33K, down to 29K, put about 9K down so LtV 65%.  Asked for 21,000 approved 22,500, interest rate is way too high.  Not taking this deal and probably not buying the car.  Ridiculous as I just got 5% from cap1 on a refinance.


DCU.org - 691 should get you 2.49% (1.9% with Relationship Checking)

Starting a whole new chapter
Valued Member

Re: Auto Loan Approvals!

 

Was too ashamed to post, but I figure if I help somebody so be it.

 

APPROVING BANK: Wells Fargo

BUREAU PULLED: Equifax

CREDIT SCORE: 668

CUSTOMER STATE OF RESIDENCE: Indiana

NEW/USED: Used

YEAR OF VEHICLE: 2013

MAKE: Chrysler

MODEL: 200 Touring V6

MILEAGE: 18,676

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $15,121.76

TERM CONTRACTED: 72 months

APR/LEASE RATE: 7.99%

MONTHLY PAYMENT:

ANNUAL INCOME:

DEBT TO INCOME RATIO:

MISCELLANEOUS COMMENTARY:

"Neither a Borrower Nor a Lender Be"
New Member

Re: Auto Loan Approvals!

APPROVING BANK: Sussex County Federal Credit Union

BUREAU PULLED:

CREDIT SCORE: 783

CUSTOMER STATE OF RESIDENCE: DE

NEW/USED:

YEAR OF VEHICLE:

MAKE:

MODEL:

MILEAGE:

RETAIL/LEASE:

AMOUNT OF LOAN: 15000

TERM CONTRACTED: 60

APR/LEASE RATE: 2.75

MONTHLY PAYMENT:

ANNUAL INCOME: 16000

DEBT TO INCOME RATIO:

MISCELLANEOUS COMMENTARY: My first big loan. I wasn't sure i could get a loan with out a cosigner, but i did! The only other credit I've had is a credit card with a 750 limit for a couple years. I believe in credit unions now!