Established Member
Lily
Posts: 12
Registered: ‎10-17-2007
Re: Auto Loan Approvals!
Congrats on the approvals and thanks Schoolbus - I wasn't really expecting to get denied by anybody - including - Roadloans so it came as a surprise that I was :smileyhappy: - oh well - alls well that ends well in my case!
Established Member
Rocker12
Posts: 12
Registered: ‎06-23-2008
Re: Auto Loan Approvals!

APPROVING BANK: Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 633
CUSTOMER STATE OF RESIDENCE:
NEW/USED: New
YEAR OF VEHICLE: 2008
MAKE: Dodge
MODEL:
MILEAGE: 167
RETAIL/LEASE: Retail
AMOUNT OF LOAN: ~$26k
TERM CONTRACTED: 72/months
APR/LEASE RATE: 9.49
MONTHLY PAYMENT: $472
MISCELLANEOUS COMMENTARY: Zero down, and 9.49% interest. Rolled in $5000 of negative equity from previous auto loan. The old car needed an entirely new A/C system, tires, and it was missing. Plus we got out from our sub sub sub prime loan of 25.9% interest. I've been so scared to go into a dealership for fear of getting rejected or another horrible sub prime loan, but we went to a no haggle dealership and the finance guy bumped us down from 11% to 9.49% instead of putting us into a worse loan to pad his salary.
You guys were right on the money. Credit Union had the best terms, and the dealership told us to put away our checkbook unless we wanted to lower the monthly payment. More down didn't equal a lower interest rate so we kept our money in savings and drove off the lot.

EQ: 617; TU: 614; EX: 597 as of 6/29/08
Member
shortstuff
Posts: 20
Registered: ‎05-28-2008
Re: Auto Loan Approvals!
[ Edited ]
APPROVING BANK:BOA BUREAU PULLED:NOT SURE BUT THINK TU CREDIT SCORE:smileyfrustrated:EE BELOW CUSTOMER STATE OF RESIDENCE:TX NEW/USED:USED YEAR OF VEHICLE:2005 MAKE:CHEVY MODEL:TAHOE MILEAGE:50 K RETAIL/LEASE:RETAIL AMOUNT OF LOAN:20000.00 TERM CONTRACTED:60 MNTHS APR/LEASE RATE:6.04% MONTHLY PAYMENT:391.OO MISCELLANEOUS COMMENTARY:REFI,WAS PREVIOUSLY FINANCED WITH SOMEONE ELSE THROUGH COAF @ 18.00% FOR ABOUT 1 YEAR.

Message Edited by shortstuff on 07-11-2008 03:48 PM
FICO TU 07/04/08-704,08/04/08-684,9/13/08-708 ;EQ 07/03/08-676,08/04/08 706,09/13/08-706;EX 07/04/08-682,08/04/08 668,09/13/08-694
Frequent Contributor
Bran9192
Posts: 358
Registered: ‎04-17-2008
Re: Auto Loan Approvals!
[ Edited ]
APPROVING BANK: American Honda Financial
BUREAU PULLED: TU
CREDIT SCORE: 783
CUSTOMER STATE OF RESIDENCE:smileyfrustrated:C...purchased in NC
NEW/USED:New
YEAR OF VEHICLE:2008
MAKE:Honda Accord
MODEL:EXL
MILEAGE:4
RETAIL/LEASE:Retail
AMOUNT OF LOAN:17K
TERM CONTRACTED:60 months
APR/LEASE RATE:3.9
MONTHLY PAYMENT:330.01
MISCELLANEOUS COMMENTARY:Had I waited 5 days ( no special apr on Accords until May) I would have gotten 0.9 apr... Oh and I forgot to ask what my auto enhanced score was... my only regrets so far. After paying 458 monthly for 4 years I continue to pay 458 on the Honda to lower my term to 37 months.


Message Edited by Bran9192 on 07-11-2008 07:14 PM
Established Member
Lance66
Posts: 51
Registered: ‎07-01-2008
Re: Auto Loan Approvals!
APPROVING BANK: ROADLOANS
BUREAU PULLED:  EX
CREDIT SCORE: 610
CUSTOMER STATE OF RESIDENCE: VERMONT
NEW/USED: USED
YEAR OF VEHICLE: HAVEN'T DECIDED YET 
MAKE:
MODEL:
MILEAGE:
RETAIL/LEASE:
AMOUNT OF LOAN: 22000
TERM CONTRACTED: 72
APR/LEASE RATE: 18
MONTHLY PAYMENT: $501
MISCELLANEOUS COMMENTARY:smileyfrustrated:till haven't decided if I will use this blank check from Roadloans or not.  I guess it is a good offer for someone with my scores (still rebuilding credit).  I had wanted about $3K more than they offered me.  They wouldn't budge when I asked them to up the approval to $25K.  
 
 
 
7/13/08  EX 610, TU 559, EQ 544 (I hate Equifax!!)  
Valued Contributor
Schoolbuskid
Posts: 1,926
Registered: ‎10-23-2007
Re: Auto Loan Approvals!
APPROVING BANK:Truliant FCU
BUREAU PULLED:EQ
CREDIT SCORE:612
CUSTOMER STATE OF RESIDENCE:NC
NEW/USED:Used
YEAR OF VEHICLE:2005
MAKE:Nissan
MODEL:Pathfinder
MILEAGE:21885
RETAIL/LEASE:Retail
AMOUNT OF LOAN:15000
TERM CONTRACTED:66
APR/LEASE RATE:8.0
MONTHLY PAYMENT:282
MISCELLANEOUS COMMENTARY: Well i decided to get rid of my mountaineer, i realized just how bad i was getting tired of that thing as we drove to get the Pathfinder, im so glad i traded, i love the pathfinder, its better on gas too!
Established Contributor
Pj1369
Posts: 844
Registered: ‎09-23-2007
Re: Auto Loan Approvals!
congrats schoolbuskid!
__________________________________________________
Time to clean house and get rid of CCs from bad CCCs. Opt'd Out and Paying off the Balance: BofA. Closed: Chase Freedom. Keeping: Amex Blue, Amex Costco Cash back, Citi Forward, USAA MC, USAA Amex, and PenFed Platinum Cash Back. Next up for review: Chase Sapphire...
Member
bgoode
Posts: 16
Registered: ‎08-12-2007
Re: Auto Loan Approvals!
APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 654
CUSTOMER STATE OF RESIDENCE: AZ
NEW/USED: New
YEAR OF VEHICLE: 2007
MAKE: Chevy
MODEL: Cobalt
MILEAGE: 0
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 13500
TERM CONTRACTED: Ugh...72 months :smileysad: I pay more though.
APR/LEASE RATE: 6.00%
MONTHLY PAYMENT: 226
MISCELLANEOUS COMMENTARY: Dont ever finance for this long! Shoot for 3, settle for 4.
bg
Established Contributor
Tons_of_Debt
Posts: 610
Registered: ‎08-01-2008
Re: Auto Loan Approvals!
I'm surprised more people dont have special financing... when I went to the toyota and honda dealerships they told me they could give 3.9 for 48 months with only a 6-something.
08/01/2008 - 472 EQ; 523 TU; 454 EX
03/01/2009 - 574 EQ
08/08/2009 - 648 EQ
01/27/2010 - 671 EQ
07/04/2010 - 713 EQ
01/05/2011 - 730 EQ
Member
jamaicanhitman
Posts: 9
Registered: ‎07-09-2008
Re: Auto Loan Approvals!
[ Edited ]
APPROVING BANK: Honda Financial

BUREAU PULLED: TU

CREDIT SCORE: 661

CUSTOMER STATE OF RESIDENCE: FL

NEW/USED: NEW

YEAR OF VEHICLE: 2008

MAKE: Honda

MODEL: Accord EX-L Sedan

MILEAGE: 2 miles!

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 27000

TERM CONTRACTED: 72 months

APR/LEASE RATE: 8

APR MONTHLY PAYMENT: 488

MISCELLANEOUS COMMENTARY:

Message Edited by jamaicanhitman on 08-06-2008 05:43 PM

Message Edited by jamaicanhitman on 08-06-2008 05:45 PM