New Contributor
ds3
Posts: 76
Registered: ‎10-02-2012
Re: Auto Loan Approvals!
APPROVING BANK: VW
Bureau Pulled: Experian CREDIT SCORE: 675 Auto V8
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Passat TDI SEL Premium
MILEAGE: 15
RETAIL/LEASE: Retail AMOUNT OF LOAN: $34300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 10.19% MONTHLY PAYMENT: $744
ANNUAL INCOME: $93k
Contributor
drboxing
Posts: 79
Registered: ‎09-19-2012
Re: Auto Loan Approvals!

 Congrats to you on your new vehicle


Starting Score: TU 614 EX584
Current Score: TU 650/EX 650 (Walmart)
Goal Score: 710


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Established Member
rexbolt
Posts: 15
Registered: ‎10-06-2012
Re: Auto Loan Approvals!
APPROVING BANK: Huntington
BUREAU PULLED: Transunion
CREDIT SCORE: 605
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Mazda
MODEL: CX-5 AWD Grand Touring
MILEAGE: 4
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 23, 213
TERM CONTRACTED: 6 years
APR/LEASE RATE: 5.65
MONTHLY PAYMENT: 392
ANNUAL INCOME: 75000
MISCELLANEOUS COMMENTARY: Could not believe I got that great of APR% with my credit score. I has pre approvals from Capital one and Roadloans for around 8.5%. I could have left with no money down too, but I knew going in I was going to put $$ down to lower the monthly payments. I ended up puting $4000 down and getting $3700 on my trade (which was a steal for the shape it was in :smileytongue:)

 

My Wallet: Amex BCP $19.5K | BOA Cash Rewards $15K | BOA Better Balance $10K | Cap One Venture $10K | Cap One QS $3K | Chase Freedom $4.5K | Barclay Rewards WMC $5K | Citi Simplicity $8.4K | Discover It! $2K | Huntington Voice $5K | PNC Cash Builder VS $17.5K | Total Rewards VS $12K | Sams Club $7.5K
New Contributor
ds3
Posts: 76
Registered: ‎10-02-2012
Re: Auto Loan Approvals!

ds3 wrote:
APPROVING BANK: VW
Bureau Pulled: Experian CREDIT SCORE: 675 Auto V8
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Volkswagen
MODEL: Passat TDI SEL Premium
MILEAGE: 15
RETAIL/LEASE: Retail AMOUNT OF LOAN: $34300
TERM CONTRACTED: 60 months
APR/LEASE RATE: 10.19% MONTHLY PAYMENT: $744
ANNUAL INCOME: $93k

Update...my CU came in at 8.99. New pmnt of $665.

Established Member
intherightdirection
Posts: 24
Registered: ‎08-20-2012
Re: Auto Loan Approvals!

This is for my BF:

 

APPROVING BANK: Acura Financial Services
BUREAU PULLED: Not sure
CREDIT SCORE: 703
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Acura
MODEL: ILX
MILEAGE: 24
RETAIL/LEASE: Lease
AMOUNT OF LOAN:
TERM CONTRACTED: 36 mo
APR/LEASE RATE:
MONTHLY PAYMENT: $363
ANNUAL INCOME: ~$80,000
MISCELLANEOUS COMMENTARY: My BF applied online at Acura for the current lease specials (through 10/31/12). Didn't get immediate approval but received an email about an hour later that he was approved for 33k. Brought the approval certificate into the dealer and it was a pretty easy transaction. Zero drive off (meaninig zero $$$ up front) and payments of $363. The same model without the bells and whistles would have been $300 month. Also, could have received a lower payment for money up front.


Starting Score 08/12: EQ 526 | EX 552 | TU 569
Current Score: EQ 613 | EX 574 | TU 632
Goal Score: 700 Club


New Contributor
cp94550
Posts: 70
Registered: ‎11-05-2011
Re: Auto Loan Approvals!
APPROVING BANK: American Honda Finance
BUREAU PULLED:  Not sure.  Have an inquiry on my Equifax Score Watch.
CREDIT SCORE:  578 Equifax, 601 Auto enhanced
CUSTOMER STATE OF RESIDENCE:  CA
NEW/USED:  New
YEAR OF VEHICLE:  2012
MAKE:  Homda
MODEL:  CR-V
MILEAGE:  38
RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $24,850.00
TERM CONTRACTED:  72 mos
APR/LEASE RATE:  4.49%
MONTHLY PAYMENT:  $395.00
ANNUAL INCOME:  $57k
MISCELLANEOUS COMMENTARY:  My wife and I just had our first child and lugging a carseat in and out of our 2 door Honda Civics was a HUGE hassle  (we both have the same type of car).  We had been looking at purchasing a small Crossover/SUV but kept putting it off because of our credit score and I recently finished a rehab process on my SL's but wanted to wait until it was actually reflected on my credit reports.  Long story short - I called CU and they denied me.  Found a family member co-signer and we were going to go purchased next weekend.  Decided to go test drive ahead of time, fellin love the the CR-V and decided to have them run my credit since the inquiry wouldn't go against me.  They got me in to the car I wanted, payments $5 below my max and a shockingly low APR of 4.49%.  I'm still baffled by that....

Starting Score: 560 on 11/1/11
Current Score: 578 on 10/04/12
Goal Score: 650 for starters

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New Contributor
4us-
Posts: 90
Registered: ‎08-06-2012
Re: Auto Loan Approvals!

Congratulations on your new car!!!!  That is an awesome rate!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
New Visitor
HSTV
Posts: 2
Registered: ‎10-08-2012
Re: Auto Loan Approvals!
APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: TransUnion
CREDIT SCORE: 555
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2011
MAKE: LEXUS
MODEL: IS250
MILEAGE: 20,000
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 27,700 
TERM CONTRACTED: 72
APR/LEASE RATE: 8.79%
MONTHLY PAYMENT: $497
ANNUAL INCOME: $72,000
MISCELLANEOUS COMMENTARY: I had a BK discharged 7 months ago.  I tried Lexus financial, but they would only approve 20K at 17%, even though I am repeat customer. Went to Carmax, 3 lenders were 15% + , but Wells came in at 8.79%.  So I drove off with a payment under $500.  In contrast, 5 years ago with tier 1, through Toyota Financial I had a 5.9% on a camry.  So can't complain.
 
 
Pre-BK TU: 690
BK discharged: Feb 2012
Current: TU: 555

 

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
Re: Auto Loan Approvals!

Wow thats awesome and congrats btw

Valued Contributor
MsLadyRover
Posts: 2,727
Registered: ‎03-14-2012
Re: Auto Loan Approvals!
APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 667
CUSTOMER STATE OF RESIDENCE: Maryland
NEW/USED: New
YEAR OF VEHICLE: 2011
MAKE: BMW
MODEL: 328i xdrive
MILEAGE: 6437
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $38,999
TERM CONTRACTED: 72 months
APR/LEASE RATE: 6.79%
MONTHLY PAYMENT: $664.37
ANNUAL INCOME: $85K
MISCELLANEOUS COMMENTARY: Approved 8/23/12 but did not find the car I wanted until 9/24/12.  Although the car was previously used, NFCU considered it a new car sale since it was a 2011 with less than 7000 miles.


Starting Score: 639 (Walmart TU)
Current Score: TU 699 (myFICO) EX 685 (myFICO) EQ 697 (myFICO)
Goal Score: 700 Across the Board (Mortgage Goal Achieved 1/31/2012!)

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