Valued Member
beenjammin
Posts: 39
Registered: ‎08-17-2012
Re: Auto Loan Approvals!
Mine was a purchase through Ally, not a lease
New Member
Spartan117
Posts: 3
Registered: ‎09-22-2012
Re: Auto Loan Approvals!
 
Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
Re: Auto Loan Approvals!
APPROVING BANK: Ford Credit
Bureau Pulled: Equifax
CREDIT SCORE: 683
CUSTOMER STATE OF RESIDENCE: Maryland
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Ford
MODEL: Fusion Hybrid
MILEAGE: 220
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $35000
TERM CONTRACTED: 66 months
APR/LEASE RATE: 0%
MONTHLY PAYMENT: $498 to start, increases to $565 in month 31
ANNUAL INCOME: $200K
BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
New Member
russian
Posts: 4
Registered: ‎09-23-2012
Re: Auto Loan Approvals!

CAPITAL ONE APPROVED ME THROUGH INTERNET FOR A AUTO LOAN.THAN A WEEK Later they sent me a letter telling that the credit was denied because my income is insufficient (120000?). now what do i do? they reported it to the credit bureau can i apply again/ my score is 659

Frequent Contributor
germaine47
Posts: 305
Registered: ‎07-05-2011
Re: Auto Loan Approvals!

Toyota Financial first pulled my EQ 652 and my TU,  I would try the dealership because they have a lot of year end specials.  I do beleive you will be approved, they must of read your income wrong.  Please dont give up.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Frequent Contributor
Hammer23
Posts: 427
Registered: ‎01-21-2012
Re: Auto Loan Approvals!
[ Edited ]

 

 
APPROVING BANK: Chase Auto Finance 
BUREAU PULLED: Transunion
CREDIT SCORE: 705 (FICO Auto 04 model) 
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Passat TDI SE (6 speed manual)
MILEAGE: 85
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $26210
TERM CONTRACTED: 72
APR/LEASE RATE: 2.44%
MONTHLY PAYMENT: $392
ANNUAL INCOME: $80000
MISCELLANEOUS COMMENTARY: Traded in my Jetta for the Passat, Nice upgrade. 

 

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700
Contributor
A_Madel
Posts: 92
Registered: ‎06-16-2012
Re: Auto Loan Approvals!

 

APPROVING BANK: PenFed
BUREAU PULLED: Equifax
CREDIT SCORE: 780
CUSTOMER STATE OF RESIDENCE: 
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: Audi
MODEL: A5 Coupe
MILEAGE: 
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $45K
TERM CONTRACTED: 60
APR/LEASE RATE: 1.49%
MONTHLY PAYMENT: $700ish
ANNUAL INCOME: $
MISCELLANEOUS COMMENTARY:

 


 

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
Contributor
patternofstars7
Posts: 76
Registered: ‎02-14-2011
Re: Auto Loan Approvals!

 

APPROVING BANK: TFCU
BUREAU PULLED: Transunion
CREDIT SCORE: 683
CUSTOMER STATE OF RESIDENCE:NY
NEW/USED:New
YEAR OF VEHICLE:2013
MAKE:Honda CR-V
MODEL:EX-L
MILEAGE:0
RETAIL/LEASE:Retail
AMOUNT OF LOAN:25402
TERM CONTRACTED:60
APR/LEASE RATE:2.24
MONTHLY PAYMENT:444
ANNUAL INCOME:55000
MISCELLANEOUS COMMENTARY: Traded in 07 Scion TC. Easy approval and much better then my first auto loan APR of 11%! Previously had auto loan paid off with a few late payments 3 years ago but since then perfect payment.

 

New Member
ROCK2009
Posts: 1
Registered: ‎11-07-2011
Re: Auto Loan Approvals!
APPROVING BANK:  COMMUNITY CREDIT UNION
BUREAU PULLED:  EQUIFAX
CREDIT SCORE: 778
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: NEW
YEAR OF VEHICLE: 2013
MAKE: BMW
MODEL: 535i
MILEAGE: 22
RETAIL/LEASE: REATIL
AMOUNT OF LOAN: 63,000
TERM CONTRACTED: 60 MONTHS
APR/LEASE RATE: 2.65
MONTHLY PAYMENT: $945
ANNUAL INCOME: $90,000
MISCELLANEOUS COMMENTARY
New Member
ccoke04
Posts: 4
Registered: ‎09-22-2012
Re: Auto Loan Approvals!
APPROVING BANK: Capital One
Bureau Pulled: Equifax
CREDIT SCORE: 572
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Mercedes-Benz
MODEL: C300
MILEAGE: 17k
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $24000
TERM CONTRACTED: 66 months
APR/LEASE RATE: 13.99%
MONTHLY PAYMENT: $523
ANNUAL INCOME: $51k