cancel
Showing results for 
Search instead for 
Did you mean: 

Auto Loan Approvals!

New Member

Re: Auto Loan Approvals!

APPROVING BANK: Chase
BUREAU PULLED: TransUnion
CREDIT SCORE: 778 mine/712 Wife's
CUSTOMER STATE OF RESIDENCE: IN
NEW/USED: New
YEAR OF VEHICLE:2018
MAKE: Mazda
MODEL: CX-5 Touring
MILEAGE: 91
RETAIL/LEASE: 28100
AMOUNT OF LOAN: 33000
TERM CONTRACTED: 63
APR/LEASE RATE: 0%
MONTHLY PAYMENT: 540
ANNUAL INCOME: 117500 (COMBINED)
DEBT TO INCOME RATIO: 33
MISCELLANEOUS COMMENTARY: Completely unexpected as my wife's car's brakes went out and it was an 07. No money down (as we planned to save up for next year.) No trade in as we will sell the old vehicle privately.

Message 3881 of 3,885
Valued Member

Re: Auto Loan Approvals!

APPROVING BANK: JP Morgan Chase
BUREAU PULLED: Equifax
CREDIT SCORE: 682
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2013
MAKE: Honda
MODEL: CR-V
MILEAGE: 38,126
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $18,792
TERM CONTRACTED: 72 months
APR/LEASE RATE: 7.59%
MONTHLY PAYMENT: $326.75
ANNUAL INCOME: $50,000
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Went to my local Toyota for an oil change on my '08 Matrix @ 74k mi. Started browsing to kill time and saw this beauty... One owner, leather, bluetooth, backup camera, looked like it just came off of the line. Fiance is taking a new job farther away from home so getting a second car was timely. Had no documents on me except my id's so 7.59% was the best offer I could get, 5.99% with proof of income which would have taken at least another week with my schedule. Got a 6 year service contract (pretty much bumper-to-bumper), theft insurance and identity protection, and Gap. Put 2k down. I'm VERY happy!

Fico: Beginning 506 (11/2013)
TU 619 (10/2015)
1/2017: Equifax 659, TU 655, Experian 642
Mortgage middle: TU 630
Goal 700 (but will settle for mortgage 640)

Current: TU 665 Oct '17
Message 3882 of 3,885
Valued Contributor

Re: Auto Loan Approvals!

DW was approved as follows"

 

2018 Wrangler S Sport

 Price 42,000 plus tax

Miles 7

Amount Financed 35,000

Term 60 months

Navy Federal

Rate 2.99%

Payments are over $600

But we will selling her old Jeep and refi in next 60 days reducing payments to $400

We will pick up new Jeep probably next Monday 

Dealership 130ish miles away

Score 750 -760 range

 

Message 3883 of 3,885
New Visitor

Re: Auto Loan Approvals!

APPROVING BANK: VW Credit
BUREAU PULLED:EQ, TU, EX
CREDIT SCORE:648 EQ 645 TU 655 EX AUTO 8
CUSTOMER STATE OF RESIDENCES: NC
NEW/USED:new
YEAR OF VEHICLE:2018
MAKE: Volkswagen
MODEL: Jetta SE Sport
MILEAGE: 20
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 28176.00
TERM CONTRACTED: 72
APR/LEASE RATE: 9.75%
MONTHLY PAYMENT: 510.00
CREDIT UTILIZATION: 25%
MISCELLANEOUS COMMENTARY: Trade in rolled over 6,000 in negative equity before 2,000 down. 4 year perfect auto history. Past mistakes 3.5 years old or older. Went from 18.5% 9 months ago to 9.75%. Been working hard on repairing credit, thanks to these forums.
Message 3884 of 3,885
New Member

Re: Auto Loan Approvals!

APPROVING BANK: Ford Credit
BUREAU PULLED: All Three 
CREDIT SCORE: Averaged 820 between all three credit bureaus
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Mustang GT (fully loaded and included extended warranty and gap insurance)
MILEAGE: 1
RETAIL/LEASE:  Retail
AMOUNT OF LOAN: $48,000
TERM CONTRACTED: 5 Years
APR/LEASE RATE: 0% APR
MONTHLY PAYMENT: $815
ANNUAL INCOME: Above $90K
DEBT TO INCOME RATIO: Low
MISCELLANEOUS COMMENTARY:

San Mateo Credit Union $22K
Citi Double Cash $23K
Chase Freedom $5K
Fico Score as of April 2016:
EX-833 EQ-825 TU-817
Recent Bankcard Score- 863
Message 3885 of 3,885