Auto Loan Approvals!

[fltireguy]

APPROVING BANK:Navy Federal
BUREAU PULLED:TU
CREDIT SCORE:650
CUSTOMER STATE OF RESIDENCE:Fl
NEW/USED:New (6 Mo Old, Refinanced)
YEAR OF VEHICLE:2016
MAKE:Honda
MODEL:Civic Touring
MILEAGE:7800 (Bought it new in 1/16)
RETAIL/LEASE:Retail
AMOUNT OF LOAN:25087
TERM CONTRACTED:60
APR/LEASE RATE:4.9
MONTHLY PAYMENT:472
ANNUAL INCOME:78000
DEBT TO INCOME RATIO:Low..
MISCELLANEOUS COMMENTARY:

Originally financed with Ally @13.85% in January 2016, scores are up 50-55 points across the board since then. Joined NFCU (by using the method posted on another forum), which is looking like the best financial move I have made yet!! I was honestly surprised when they came back with the refi apr, which was 9% under my original apr...!!!

[jamie123]

APPROVING BANK:Alliant Federal Credit Union (Chicago)
BUREAU PULLED:EQ
CREDIT SCORE:710
CUSTOMER STATE OF RESIDENCE:FL
NEW/USED:New
YEAR OF VEHICLE:2016
MAKE:Honda
MODEL: PILOT EX-L 2WD
MILEAGE: 5
RETAIL/LEASE:Retail
AMOUNT OF LOAN:$25000
TERM CONTRACTED:60
APR/LEASE RATE:2.49%
MONTHLY PAYMENT:$444
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO:Low
MISCELLANEOUS COMMENTARY: Alliant has an advertised 1.99% APR for auto loans. I didn't think that I would be approved for 1.99% but when I was told that I was approved for 2.49% I asked, "What it would take to get the 1.99% financing?" She said, "A credit score of 780 or better." Wow...Brutal!!!

UPDATE!!!!

I went to the dealer to pick up my pre-negotiated internet priced car. The finance manager practically begged me to let him try and finance it. I didn't want a ton of credit pulls if he sent my request into the marketplace. He promised that he would only send my application to one lender, Bank of America, and he was sure he could get my loan for 1.99%. I asked him which CRA he would pull from and he informed me that all dealers in the State of Florida use EQ except around the Miami area, they use Experian. I was approved at Bank of America for 60 months @ 1.74%! So far (8 hours later) I have just the 1 extra pull from BoA on EQ.

FYI...

2016 Honda Pilot, 2WD, EX-L with Honda Sensing trim level, V6 engine

MSRP: $37,955

Out the door price including tax, title, dealer fees, delivery and new plates that cost $350 in Florida: $38,058

APPROVING BANK:Bank of America
BUREAU PULLED:EQ
CREDIT SCORE:710
CUSTOMER STATE OF RESIDENCE:FL
NEW/USED:New
YEAR OF VEHICLE:2016
MAKE:Honda
MODEL: PILOT EX-L w/Sensing 2WD
MILEAGE: 5
RETAIL/LEASE:Retail
AMOUNT OF LOAN:$25000
TERM CONTRACTED:60
APR/LEASE RATE:1.74%
MONTHLY PAYMENT:$436
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO:Low

[Betterlate]

APPROVING BANK: Toyota Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 687
CUSTOMER STATE OF RESIDENCE: KY
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Toyota
MODEL: Corolla LE
MILEAGE: 25
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $18,482
TERM CONTRACTED: 72 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $257
ANNUAL INCOME: $31,430
DEBT TO INCOME RATIO: 24.8%
MISCELLANEOUS COMMENTARY:

[Anonymous]

APPROVING BANK: Mountain Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE:779
CUSTOMER STATE OF RESIDENCE:NC
NEW/USED:New
YEAR OF VEHICLE:2016
MAKE:Mazda
MODEL:6
MILEAGE:40
RETAIL/LEASE:retail
AMOUNT OF LOAN:24184
TERM CONTRACTED:60 months
APR/LEASE RATE:1.99
MONTHLY PAYMENT:354.00
ANNUAL INCOME:45400
DEBT TO INCOME RATIO:28
MISCELLANEOUS COMMENTARY:Got a touring with black interior and moonroof in Soul Red.

Put 4,000 down.  My local credit union rate matched

PNC Check ready  quote of 1.99.  Opened a credit card with PNC bank on the same pull

as the loan app.  Approved for as high of a credit limit as I will ever need with zero interest

for 15 months on purchases and BT.  Credit union gave me a check for the final amount on the buy order from the dealership, walked in handed the check to the F and I guy signed paperwork and left with my new car.  No hard sell on extended warranty, paint protection etc etc.  Did all my negotiations on line, had a final price before I set foot in the dealership.

[Anonymous]

Ford Auto Credit 0%  

APPROVING BANK: Ford Auto Credit
BUREAU PULLED: Equifax
CREDIT SCORE: 655 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: KS
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Escape
MILEAGE: 1500
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $32K
TERM CONTRACTED: 72 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $459
ANNUAL INCOME:  $76K
DEBT TO INCOME RATIO:  2:1
MISCELLANEOUS COMMENTARY: Really surprised to have gotten 0% financing. My EQ FAKO score is 570; TU 612.  I have 100% on-time payment history including a car loan than I was 2 payments away from completing BUT my CU is about 70%, I just rehabbed a student loan and it still shows several late payments two years ago (I guess student loans don't count when they calculate on-time payment history???), I had a bankruptcy in 2009 and I have 6 hard inquiries.  

[Dj4Money]

APPROVING BANK: TD Auto 
BUREAU PULLED: Transunion 
CREDIT SCORE: Unknown (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Focus ST
MILEAGE: 45
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30K
TERM CONTRACTED: 72 months
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $487
ANNUAL INCOME: You never know who reads the these things
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Got $1871 more for my trade. Will likely cancel extended warranty and move loan over to another bank by the end of the month.

[Anonymous]

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@Dj4Money wrote:
APPROVING BANK: Ford Auto Credit
BUREAU PULLED: Experian
CREDIT SCORE: 641 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Focus ST
MILEAGE: 45
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30K
TERM CONTRACTED: 72 months
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $487
ANNUAL INCOME: You never know who reads the these things
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Got $1871 more for my trade. Will likely cancel extended warranty and move loan over to another bank by the end of the month.

---

Congrats. What did they wind up giving giving you for the accent? How much neg equity rolled in ? 

That car is awesome!!

[Dj4Money]

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@Anonymous wrote:

---

@Dj4Money wrote:
APPROVING BANK: Ford Auto Credit
BUREAU PULLED: Experian
CREDIT SCORE: 641 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Focus ST
MILEAGE: 45
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $30K
TERM CONTRACTED: 72 months
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $487
ANNUAL INCOME: You never know who reads the these things
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Got $1871 more for my trade. Will likely cancel extended warranty and move loan over to another bank by the end of the month.

---

Congrats. What did they wind up giving giving you for the accent? How much neg equity rolled in ? 

That car is awesome!!

---

  Gave me $8871 for the Accent. Beepi wouldn't take it because of the aftermarket stereo (professionally done by a 2 time installer of the year, 25 year experience) as there never is any logic attached to many start up ventures. I digress, Beepi offered $9,000 straight up in some new program called Beepi Blue, but by the time I got that email I had already picked up the Focus.

 Car Max offered me $8,000 for it, so that's the difference.

 Negative rolled in after rebates ($2850) and down ($2250) was $1,377

 Taxes ($2459.58), Finance Charge ($4533.38) and Extended Warranty ($1600) total = $8,592.96 OUCH!

  Updated*

 My $750 Private Cash offer from Ford is there. Under my VIN and Zip has the rebates I qualify for listed. I got the standard $1,500 Cash Back + $600 Trade Allowance Bonus and my Private Cash = $2,850

 Why I was never shown this is puzzling it's not a secret.

 The loan is with TD Auto, but I don't have clue what the approval FICO score was; they also pulled Chase.

[Ditovera]

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@Anonymous wrote:

Ford Auto Credit 0%  

APPROVING BANK: Ford Auto Credit
BUREAU PULLED: Equifax
CREDIT SCORE: 655 (Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: KS
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Escape
MILEAGE: 1500
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $24K
TERM CONTRACTED: 72 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $459
ANNUAL INCOME:  $76K
DEBT TO INCOME RATIO:  2:1
MISCELLANEOUS COMMENTARY: Really surprised to have gotten 0% financing. My EQ FAKO score is 570; TU 612.  I have 100% on-time payment history including a car loan than I was 2 payments away from completing BUT my CU is about 70%, I just rehabbed a student loan and it still shows several late payments two years ago (I guess student loans don't count when they calculate on-time payment history???), I had a bankruptcy in 2009 and I have 6 hard inquiries.  

---

The 24k for 72 months at 0% comes at $333.33 month for me...why are you paying $459?

[AAstra]

APPROVING BANK: JP Morgan Chase (Subaru Auto)
BUREAU PULLED: Transunion
CREDIT SCORE: 832?? (Told this by Finance Manager - I'm guessing auto enhanced?)
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: New
YEAR OF VEHICLE: 2016
MAKE: Subaru
MODEL: Legacy Premium
MILEAGE: 6
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $21,869.14
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0.00%
MONTHLY PAYMENT: $364
ANNUAL INCOME: You never know who reads the these things
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Got $1,596 more for my trade-in of a CPO 2008 Lexus IS250. Had 1.74% lined up with my credit union but July hit and Subaru offered 0% with the new monthly incentives. I didn't like taking multiple pulls but I couldn't turn down the 0% financing.