Established Contributor
logan_720
Posts: 608
Registered: ‎02-02-2012
Re: Auto Loan Approvals!
APPROVING BANK: Hapo Community Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 681?
CUSTOMER STATE OF RESIDENCE: Washington State
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Ford 
MODEL: Focus SEL :smileyhappy:
MILEAGE: 30,000
RETAIL/LEASE: Retail - it has high miles as it was a rental car
AMOUNT OF LOAN:$13,000
TERM CONTRACTED: 72 mos
APR/LEASE RATE: 3%, unless the dealer will beat it.
MONTHLY PAYMENT: Roughly $200 with trade in
ANNUAL INCOME: 23000
MISCELLANEOUS COMMENTARY: Went car shopping a few weeks back, had financing secured at 7% with my CU, but the dealer did it. Anyway, they dealer, (Legacy Ford of Pasco WA) wouldn't budge on the price. So I negotiated that they bring the rate down. The CU approved it at 3%, payment was still too high for what I wanted so I left it. Went back to CU yesterday, and they apologized for denying me a loan in early August, said that some underwriters are more lenient based of past experiences. She made one call, and it was approved over the phone. No need for another hard pull. The vehicle above is what I am considering, at another dealer, due to a huge amount of unprofessionally  from the dealer mentioned above, but may not buy right away.