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Congrats
APPROVING BANK: Jaguar Financial (Chase)
BUREAU PULLED: Experian Auto 2
CREDIT SCORE: 684
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Jaguar
MODEL: F-Pace S
MILEAGE: 11
RETAIL/LEASE: retail
AMOUNT OF LOAN: $54512.50
TERM CONTRACTED: 72 months
APR/LEASE RATE: 6.44%
MONTHLY PAYMENT: $914.77
ANNUAL INCOME: $210k
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: MSRP of car is 57895, I currently have another car loan with CarFinance from a car I cant sell right this moment(part of VW TDI scandal), dealer told me that raised my rate a decent amount.
Congrats, Jaquar is making some great cars these days, it is really nice to see the engineering they are putting in their cars. I am pretty sure your dealer added a couple of points to the APR, in fact I am 100% sure of that. I would suggest you try PenFed or DCU to finance this, you can still finance it as a new car and can cut that APR in half and save a fortune in interest. Both Penfed and DCU have ways of joining associations for $10-15 donations that qualifiy you to join, I am sure they would save you a ton. If you can get into NFCU they are great also. That whole TDI scandal really sucks for the customer, I am pretty sure they will make that right eventually but it will be a pain for a while.
PPROVING BANK: Capital One
BUREAU PULLED: Experian Auto 2 But got hp on all 3
CREDIT SCORE: 725
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2015
MAKE: Mitsubishi
MODEL: Mirage
MILEAGE: 32, XXX
RETAIL/LEASE: Bought
AMOUNT OF LOAN: $6,607.88
TERM CONTRACTED: 61 months
APR/LEASE RATE: 2.49%
MONTHLY PAYMENT: 117.36
ANNUAL INCOME: $18,000
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: I was preapproved through the navigator for $14,000 with an APR of 2.49% - 6.44%. The rate shown for this loan was around 4% on the navigator website, so I was shocked to see 2.49% after my credit was pulled. This is my first auto loan, and they used my worst score. There was no proof of income
@Anonymous wrote:PPROVING BANK: Capital One
BUREAU PULLED: Experian Auto 2
CREDIT SCORE: 725
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2015
MAKE: Mitsubishi
MODEL: Mirage
MILEAGE: 32, XXX
RETAIL/LEASE: Bought
AMOUNT OF LOAN: 9,266
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.49%
MONTHLY PAYMENT: 119
ANNUAL INCOME: $18,000
DEBT TO INCOME RATIO: ?
MISCELLANEOUS COMMENTARY: I was preapproved through the navigator for $14,000 with an APR of 2.49% - 6.44%. The rate shown for this loan was around 4% on the navigator website, so I was shocked to see 2.49% after my credit was pulled. This is my first auto loan, and they used my worst score. There was no proof of income
How is your payment only 119?119*60= 7,140. Do you like the car? ES or DE? CVT or 5speed? Been checking those out for myself. Thanks.
APPROVING BANK: DCU
BUREAU PULLED: Equifax (soft pull only)
CREDIT SCORE: 735 (they caught in a bad month, but still excellent according to them)
CUSTOMER STATE OF RESIDENCE: IA
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Lexus
MODEL: ES 350
MILEAGE: 12
RETAIL/LEASE: retail
AMOUNT OF LOAN: $38200
TERM CONTRACTED: 65 months
APR/LEASE RATE: 1.74%
MONTHLY PAYMENT: $617
ANNUAL INCOME: $63K
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Originally approved for only 34K back in Nov, but after adding direct deposit of just my PT job I got soft pulled for more. Also offered 10K Visa with soft pull. It was 5K in Nov. Dealer said he can never beat DCU.
@Anonymous wrote:Congrats, Jaquar is making some great cars these days, it is really nice to see the engineering they are putting in their cars. I am pretty sure your dealer added a couple of points to the APR, in fact I am 100% sure of that. I would suggest you try PenFed or DCU to finance this, you can still finance it as a new car and can cut that APR in half and save a fortune in interest. Both Penfed and DCU have ways of joining associations for $10-15 donations that qualifiy you to join, I am sure they would save you a ton. If you can get into NFCU they are great also. That whole TDI scandal really sucks for the customer, I am pretty sure they will make that right eventually but it will be a pain for a while.
Oh, without a doubt they did. However, Jaguar had a program where they will give you an extra $500 off MSRP and make your first payment for you up to $800 if you finance through them. So as soon as that is done and I'm able to refinance, I plan on doing that--even the car dealer originally offered me a lower rate through Cap1. I'm also going to cancel teh stupid $799 GAP insurance I bought--not sure what I was thinking on that one.
@exCYter wrote:
@Anonymous wrote:Congrats, Jaquar is making some great cars these days, it is really nice to see the engineering they are putting in their cars. I am pretty sure your dealer added a couple of points to the APR, in fact I am 100% sure of that. I would suggest you try PenFed or DCU to finance this, you can still finance it as a new car and can cut that APR in half and save a fortune in interest. Both Penfed and DCU have ways of joining associations for $10-15 donations that qualifiy you to join, I am sure they would save you a ton. If you can get into NFCU they are great also. That whole TDI scandal really sucks for the customer, I am pretty sure they will make that right eventually but it will be a pain for a while.
Oh, without a doubt they did. However, Jaguar had a program where they will give you an extra $500 off MSRP and make your first payment for you up to $800 if you finance through them. So as soon as that is done and I'm able to refinance, I plan on doing that--even the car dealer originally offered me a lower rate through Cap1. I'm also going to cancel teh stupid $799 GAP insurance I bought--not sure what I was thinking on that one.
Well done. That's exactly what I would have done. Did that to a dealer a few years ago when I bought an F150, when I brought in the title for my trade a week later and the dealer found out that I refinanced the truck 2 days after the deal the finance guy was so pissed I thought it was going to get physical. I just told him he should have given me a fair APR and I would have had no reason to shop for a better deal.
@Anonymous wrote:Well done. That's exactly what I would have done. Did that to a dealer a few years ago when I bought an F150, when I brought in the title for my trade a week later and the dealer found out that I refinanced the truck 2 days after the deal the finance guy was so pissed I thought it was going to get physical. I just told him he should have given me a fair APR and I would have had no reason to shop for a better deal.
How does it affect the finance person if you refi right away? I'm assuming it means they don't get their commission, but I didn't realize that.