cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Approvals!

Established Contributor

Re: Auto Loan Approvals!

APPROVING BANK: ToYota Financial
BUREAU PULLED: EQ
CREDIT SCORE: 705 auto
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New
YEAR OF VEHICLE: 2017
MAKE: Toyota
MODEL: RAV4 XLE
MILEAGE: 31
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23872
TERM CONTRACTED: 72
APR/LEASE RATE: 0
MONTHLY PAYMENT: 331.00
ANNUAL INCOME: 87500
DEBT TO INCOME RATIO: .045
MISCELLANEOUS COMMENTARY: 5 years post Chapter 7 BK.
Message 3751 of 3,818
Established Member

Re: Auto Loan Approvals!

APPROVING BANK:  PNC
BUREAU PULLED: TU
CREDIT SCORE:  732 @ the Dealer (must have been auto enhanced, regular scores are EX-690, TU-665, EQ-674)
CUSTOMER STATE OF RESIDENCE:  PA
NEW/USED:  USED
YEAR OF VEHICLE: 2014
MAKE: Honda
MODEL: Accord SE
MILEAGE:  36,200
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $15,000
TERM CONTRACTED:  60
APR/LEASE RATE:  3.32
MONTHLY PAYMENT:  $274
ANNUAL INCOME:  42,000
DEBT TO INCOME RATIO:  10%
MISCELLANEOUS COMMENTARY:  22mos Post BK7 Discharge

Message 3752 of 3,818
Established Member

Re: Auto Loan Approvals!

APPROVING BANK:  Penfed
BUREAU PULLED: EX
CREDIT SCORE:  690  - Nexgen 2 score of 68
CUSTOMER STATE OF RESIDENCE:  PA
NEW/USED:  USED
YEAR OF VEHICLE: 2014
MAKE: Honda
MODEL: Accord SE
MILEAGE:  36,200
RETAIL/LEASE: Retail
AMOUNT OF LOAN:  $15,000
TERM CONTRACTED:  60
APR/LEASE RATE:  3.74
MONTHLY PAYMENT:  Didn't take it, dealer beat the rate through PNC, see previous post
ANNUAL INCOME:  42,000
DEBT TO INCOME RATIO:  10%
MISCELLANEOUS COMMENTARY:  22mos Post BK7 Discharge

Message 3753 of 3,818
Frequent Contributor

Re: Auto Loan Approvals!

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: 644 (not sure why it's different from my myFico score)
CUSTOMER STATE OF RESIDENCE: Colorado
NEW/USED: Used
YEAR OF VEHICLE: 2014
MAKE: Kia
MODEL: Optima EX
MILEAGE: 43,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $14,700
TERM CONTRACTED: 48
APR/LEASE RATE: 6.4%
MONTHLY PAYMENT: $358.35
ANNUAL INCOME: $70,000
DEBT TO INCOME RATIO: 0.1
MISCELLANEOUS COMMENTARY: 7 months post BK7 with a repo'd auto loan through capital one.  Also includes GAP insurance from PenFed.


BK 7 Scores (12/2016): EQ-528. TU-486. EX-530.
Current Scores (11/2017): EQ-671. TU-665. EX-669.
Goal for 2017: 650's. - made it!! next stop 680's. www.cartkingz.com
Message 3754 of 3,818
New Member

Re: Auto Loan Approvals!

APPROVING BANK: First Tech Federal
BUREAU PULLED: N/A
CREDIT SCORE: 741 Equifax Fico Auto 8, 764 TU Fico Auto 8, and 760 Experian Fico Auto 8
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: USED
YEAR OF VEHICLE: 2014
MAKE: BMW
MODEL: 
MILEAGE: 30k
RETAIL/LEASE: 60k
AMOUNT OF LOAN: 60k
TERM CONTRACTED: 72
APR/LEASE RATE: 3.5%
MONTHLY PAYMENT: 925
ANNUAL INCOME: 110k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY: Instantly approved. Have thick credit file. Paid off 5 auto loans in the past. Curently have a car note and a motorcycle note. This will be my weekend ride.

Message 3755 of 3,818
New Visitor

Re: Auto Loan Approvals!

APPROVING BANK: MCU
BUREAU PULLED: NT SURE
CREDIT SCORE: 550(I know horrible)
CUSTOMER STATE OF RESIDENCE: NEW YORK
NEW/USED: USED
YEAR OF VEHICLE: 2015
MAKE: CHEVROLET
MODEL: CRUZE 1LT
MILEAGE: 5,780
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 16K
TERM CONTRACTED: 72
APR/LEASE RATE: 3.5%
MONTHLY PAYMENT: $250.00
ANNUAL INCOME: 10K
DEBT TO INCOME RATIO: BAD
MISCELLANEOUS COMMENTARY: Background story for you guys in high school I got two credit cards one 6k limit and another 600 limit both with chase. I forgot about it and it ended up going to collection. So for the past few years I've been paying it off while in college which is why my credit score is **bleep**. My mom helped cosign and was beyond shocked that I was able to get my apr to 3.5%. I put $1500 down payment as well.
Message 3756 of 3,818
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: NFCU
BUREAU PULLED: Experian
CREDIT SCORE: 717 (FICO Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Mazda
MODEL: CX-3
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19,175
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.39%
MONTHLY PAYMENT: $340
ANNUAL INCOME: 58K
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: If I had done a 48 month term, the APR would've been 1.99%. Highly recommend NFCU if you're eligible. They approved me for $30K, and sent me a draft, which means dealers treat you the same as a cash buyer if you reveal it to them. 

TU FICO: 778 ||| EQ FICO: 784 ||| EX FICO '08 : 780
Message 3757 of 3,818
Regular Contributor

Re: Auto Loan Approvals!


scvbd99 wrote:

APPROVING BANK: NFCU
BUREAU PULLED: Experian
CREDIT SCORE: 717 (FICO Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Mazda
MODEL: CX-3
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19,175
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.39%
MONTHLY PAYMENT: $340
ANNUAL INCOME: 58K
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: If I had done a 48 month term, the APR would've been 1.99%. Highly recommend NFCU if you're eligible. They approved me for $30K, and sent me a draft, which means dealers treat you the same as a cash buyer if you reveal it to them. 


Do you tell the dealers you are a cash buyer, or have a pre-approval from NFCU lined up? 

Message 3758 of 3,818
Regular Contributor

Re: Auto Loan Approvals!


FMC wrote:

scvbd99 wrote:

APPROVING BANK: NFCU
BUREAU PULLED: Experian
CREDIT SCORE: 717 (FICO Auto Enhanced)
CUSTOMER STATE OF RESIDENCE: WA
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Mazda
MODEL: CX-3
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 19,175
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.39%
MONTHLY PAYMENT: $340
ANNUAL INCOME: 58K
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: If I had done a 48 month term, the APR would've been 1.99%. Highly recommend NFCU if you're eligible. They approved me for $30K, and sent me a draft, which means dealers treat you the same as a cash buyer if you reveal it to them. 


Do you tell the dealers you are a cash buyer, or have a pre-approval from NFCU lined up? 


I did prepproval with NFCU, and they sent me a draft.  That made me the same as a cash buyer for the dealer once I told him about it. 

 

I think NFCU does the same thing with used car loan preapprovals as well. 

TU FICO: 778 ||| EQ FICO: 784 ||| EX FICO '08 : 780
Message 3759 of 3,818
New Member

Re: Auto Loan Approvals!

APPROVING BANK: Hughes FCU
BUREAU PULLED: Experian
CREDIT SCORE: 630
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED: NEW
YEAR OF VEHICLE: 2017
MAKE: Jeep
MODEL: Wrangler
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 32599
TERM CONTRACTED: 72 months
APR/LEASE RATE: 4.50%
MONTHLY PAYMENT: $516
ANNUAL INCOME: 96K
DEBT TO INCOME RATIO: 15%
MISCELLANEOUS COMMENTARY: 

Message 3760 of 3,818