Auto Loan Approvals!

[Anonymous]

My Equifax Auto score is 647, but the others are similar to the other FICO scores. I didn't have to provide any income documentation for Ally. I just have to sign the paperwork today. It was my CU that was giving me a fit over it. But I figure once I get all of my credit cards paid down and my wife's credit improves a bit, we'll refinance it early next year since I'll be able to use both our incomes.

[tonyjones]

I have come to the realization that DCU and PenFed gives the best rate!

[Anonymous]

APPROVING BANK: RBFCU
BUREAU PULLED: Transunion
CREDIT SCORE: 738
CUSTOMER STATE OF RESIDENCE: SC
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Audi
MODEL: A3
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $38,000
TERM CONTRACTED: 66 / 75
APR/LEASE RATE: 1.69 / 1.99
MONTHLY PAYMENT: $542
ANNUAL INCOME: $>100K
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: Ordered a new car. Car won't be delivered until late Aug 2015.

[cartwrna]

APPROVING BANK: BMO Harris
BUREAU PULLED: Equifax
CREDIT SCORE: 680-690 (can't remember exact number)
CUSTOMER STATE OF RESIDENCE: IA
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Chevy
MODEL: Silverado 2500HD LT
MILEAGE: 33 after test drive
RETAIL/LEASE: MSRP was 47,000, sale price was 37,000 with discounts/rebates/down payment
AMOUNT OF LOAN: 41,000
TERM CONTRACTED: 75mo (will pay off sooner but gives me flexibility with payment if I can't double up/pay more.
APR/LEASE RATE: 3%
MONTHLY PAYMENT: 606
ANNUAL INCOME: 70k
DEBT TO INCOME RATIO: 25-28%I believe
MISCELLANEOUS COMMENTARY Originally was going for a Ram but this truck MSRP was 47k and after rebates and down payment was only 37k, my down payment only covered the negative equity from my 14' Charger. Truck is nearly loaded for an LT aside from chrome package. My credit profile was horrible 2 years ago but since then has really increased. Have 27 positive accounts and 1 collection from 3 years ago. AAoA is only a year due to new credit.

[Anonymous]

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@cartwrna wrote:
APPROVING BANK: BMO Harris
BUREAU PULLED: Equifax
CREDIT SCORE: 680-690 (can't remember exact number)
CUSTOMER STATE OF RESIDENCE: IA
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Chevy
MODEL: Silverado 2500HD LT
MILEAGE: 33 after test drive
RETAIL/LEASE: MSRP was 47,000, sale price was 37,000 with discounts/rebates/down payment
AMOUNT OF LOAN: 41,000
TERM CONTRACTED: 75mo (will pay off sooner but gives me flexibility with payment if I can't double up/pay more.
APR/LEASE RATE: 3%
MONTHLY PAYMENT: 606
ANNUAL INCOME: 70k
DEBT TO INCOME RATIO: 25-28%I believe
MISCELLANEOUS COMMENTARY Originally was going for a Ram but this truck MSRP was 47k and after rebates and down payment was only 37k, my down payment only covered the negative equity from my 14' Charger. Truck is nearly loaded for an LT aside from chrome package. My credit profile was horrible 2 years ago but since then has really increased. Have 27 positive accounts and 1 collection from 3 years ago. AAoA is only a year due to new credit.

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Congratulations, nice truck.  Impressive to see you go from low 400's to mid 700's in two years.  3% for 75 months is pretty solid.

[cartwrna]

Thanks workingfor850! It took a lot of work and I spent most days/nights in the rebuilding forum! The scores in my sig are off now I'm sure. Once I got it to where I wanted I stopped monitoring it to save the $. I've added some new accounts/inquiries/and used my credit card for a small vacation a week ago so had a healthy balance report.

[Anonymous]

APPROVING BANK: Lightstream
BUREAU PULLED: Eq. and Ex.
CREDIT SCORE:748
CUSTOMER STATE OF RESIDENCE:Indiana
NEW/USED:used
YEAR OF VEHICLE:2009
MAKEodge
MODEL:Grand Caravan
MILEAGE:81000
RETAIL/LEASEurchased from owner, Craigslist
AMOUNT OF LOAN:7000
TERM CONTRACTED:48 mo
APR/LEASE RATE:4.39
MONTHLY PAYMENT:159.
ANNUAL INCOME:28000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:Lightstream was great to deal with, if I had purchased from a dealer, my int. rate would have been 3.4%. I bought this just to improve my credit score. I am now at 781

[Anonymous]

APPROVING BANK: DCU
BUREAU PULLED: Equifax
CREDIT SCORE: 675
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: New
YEAR OF VEHICLE: 2014
MAKE: Nissan
MODEL: Sentra
MILEAGE: 4, 200
RETAIL/LEASE:
AMOUNT OF LOAN: $18,100
TERM CONTRACTED: 60
APR/LEASE RATE: 1.74%
MONTHLY PAYMENT: $315
ANNUAL INCOME: 86,100
DEBT TO INCOME RATIO: 9%
MISCELLANEOUS COMMENTARY: This was a Refi, I had Capital One Auto at 12.5% APR for 18 months

[noneedlessnoise]

APPROVING BANK: DCU
BUREAU PULLED: EQ
CREDIT SCORE: 729
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: Used
YEAR OF VEHICLE: 2010
MAKE: BMW
MODEL: M3
MILEAGE: 30,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $31,000
TERM CONTRACTED: 65
APR/LEASE RATE: 1.74
MONTHLY PAYMENT: $503
ANNUAL INCOME: $85K
MISCELLANEOUS COMMENTARY: Pretty surprised at this rate, especially on a 5 year old car. I am a member, however they did not ask for any proof of income, and approved me for a lot more than I took out. They also threw in a 10K limit visa @ 9.25% APR.

[Anonymous]

APPROVING BANK: Chase (Subaru)
BUREAU PULLED: Transunion
CREDIT SCORE: 677 (644 Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: Colorado
NEW/USED: New
YEAR OF VEHICLE: 2015
MAKE: Subaru
MODEL: Forester XT Touring
MILEAGE: 80
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 35,900 sticker, 7000 cash down, haggled to 31,600 before taxes/tag/down payment
TERM CONTRACTED: 72
APR/LEASE RATE: 5.3
MONTHLY PAYMENT: 470
ANNUAL INCOME: 45,000
DEBT TO INCOME RATIO: shrug
MISCELLANEOUS COMMENTARY: Absolutely blown away. Six months ago (601 auto enhanced) I was approved by Santander only, at 21 percent. I walked. Hard work pays off.