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Member
Posts: 13
Registered: ‎07-05-2012
0

NFCU auto pull and process

Alright guys well it seems we are ready to get a new car.  I am wanting to verify or make sure on what NFCU pulls for new auto loans.  Just looking at the approvals it seems they do Equifax for new car auto loans and sometimes TU for refi's.  My wife and I just pulled our Equifax FICOs on here today and she is at 735 and im at 718.  We also have about 4 good auto loans in our history with no lates.  I was wondering too if NFCU pulls auto enhanced or if its just straight FICO?  Lastly, are there any advantages to doing preapproval vs knowing the exact car you are getting?  I see that the preapproval is good for 60 days.

 

Any experiences or advice would be great.  Thanks!

Established Member
Posts: 23
Registered: ‎04-23-2013
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Re: NFCU auto pull and process

I think they pull straight Fico, I applied through them and my fico was the exact same as the Navy Federal score.

Capital One Journey Card(5/2012):$500 Discover It Student Card(4/2013):$500 NewEgg Preferred Account(5/2013):$2000


Starting Score: TU:632(4/20/13) EQ:516 (3/27/13)
Current Score: TU:676(5/20/13) EQ:617(SW Alert 5/9/13)
Goal Score: TU & EQ: 700+


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Member
Posts: 13
Registered: ‎07-05-2012
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Re: NFCU auto pull and process

Great! Did they pull EQ?
Regular Contributor
Posts: 125
Registered: ‎03-09-2013
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Re: NFCU auto pull and process

NFCU pulled my EQ when I applied for an auto loan with them.  As for the preapproval, I just put in my amount requested ($30k) and the next day got approved.  All I had to do was go to the branch to pick up my check.  You can also have them mail it to you if you don't have a branch nearby. 

Starting Score: 660 (BK discharged 2/2012)
Current Score: 684 - EQ | 679 - EX (Lender pull)
Goal Score: 720+

Wallet: NFCU Flagship Signature 14k | NFCU cashRewards 1K | NavCheck 15k | Barclays US Air 2.1k | Merrick 1.4k | Credit One 550 | Cap One 750 | Last app 5.5.2013
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Established Member
Posts: 23
Registered: ‎04-23-2013
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Re: NFCU auto pull and process

They pulled EQ for me. 

Capital One Journey Card(5/2012):$500 Discover It Student Card(4/2013):$500 NewEgg Preferred Account(5/2013):$2000


Starting Score: TU:632(4/20/13) EQ:516 (3/27/13)
Current Score: TU:676(5/20/13) EQ:617(SW Alert 5/9/13)
Goal Score: TU & EQ: 700+


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Member
Posts: 13
Registered: ‎07-05-2012
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Re: NFCU auto pull and process

Ok so great news.. just applied and we got automatically approved.  Just needing 39k but was approved for 46k, of course took the 39k at 1.99/72 mos..  We are looking to get into a 2013 Audi A4 premium plus.  So I was a little concerned since it said my payment would be due on 6/12 but our check will be ready at a branch tomorrow.  I thought we had 60 days?  And what if the car we want is not there tomorrow and it takes us a week or so with that draft?  Will it adjust our first payment date?

Established Contributor
Posts: 573
Registered: ‎10-21-2012
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Re: NFCU auto pull and process

Congrats!!  I just got approved too at the same rate!  1.79% for 60 or 1.99% for 72...that's their best rate!  Yay!  

 

Not sure about the payment date. If you have a pre-approval vs. a specific car I would think your payment would be calculated based on when you actually take posession of the car.  I don't have my paperwork yet so not sure how it works. (I will get it Monday)

 

I'm getting an Audi too...a Q5.  So excited!!  Mine is still on a boat.  Apparently the Q5 is so popular they can't keep them on the lot..should be here around the 20th.  Have you seen the hilarious new Audi commercial with the 2 Spocks?  Very funny...



Starting Score: TU:584 | EQ 584
Current Score: TU FICO: 711 | EQ FICO 713 | EX (USAA FAKO) 779
Goal Score: 780 across the board


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Regular Contributor
Posts: 125
Registered: ‎03-09-2013
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Re: NFCU auto pull and process

Congrats!  As far as the payment goes.  I got my check on 5/1, purchased my car on 5/3 which was a Friday.  The check cleared on Wednesday 5/8 and I'm showing a due date of 6/25 when I look at the account on the NFCU website.  

 

You do have 60 days, it will say it on the check itself.  I'm not sure how they figured my due date, but yours will probably be at least a month after your check clears.  Hope this helps.

Starting Score: 660 (BK discharged 2/2012)
Current Score: 684 - EQ | 679 - EX (Lender pull)
Goal Score: 720+

Wallet: NFCU Flagship Signature 14k | NFCU cashRewards 1K | NavCheck 15k | Barclays US Air 2.1k | Merrick 1.4k | Credit One 550 | Cap One 750 | Last app 5.5.2013
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Member
Posts: 13
Registered: ‎07-05-2012
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Re: NFCU auto pull and process

Wow that's a long time after the check cleared!  Well I was preapproved on 5/9 and it gave me a default date of 34 days out which was 6/12 for first payment.  When I called last Friday, the lady said that my payment will always be the 12th no matter what but if the check clears past that you will be bumped to the following month for your first payment.  We just closed the deal yesterday and im thinking the check should clear by tomorrow or definitely by Friday.  So I will keep a close eye online to see what it says for first payment.  I appreciate it.. Thanks!

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