Established Member
hrguy
Posts: 50
Registered: ‎11-06-2012
Re: Auto Loan Approvals!

APPROVING BANK: Toyota Financial Services
BUREAU PULLED: Transunion
CREDIT SCORE: 650
CUSTOMER STATE OF RESIDENCE: DE
NEW/USED: New
YEAR OF VEHICLE: 2013

MAKE: Toyota
MODEL: Corolla S
MILEAGE: 40
RETAIL/LEASE: Lease
AMOUNT OF LOAN: 10K
TERM CONTRACTED: 36 months
APR/LEASE RATE: forgot - top tier lease rate though
MONTHLY PAYMENT: $253
ANNUAL INCOME: $45K+
MISCELLANEOUS COMMENTARY: Just discharged from Chapter 7 BK in July 2012.  I can't believe it.  The approval came back right away, I either could take top-tier leasing or qualified for 0.9% for 60 months.  At the time this was going for Tiers I thru III.  I was told the minimum for Tier III was 650 so I just made it in.  I got $1500 in rebates from TFS.  Still can't believe it was approved barely three months out of bankruptcy for such a good rate.  I am not a previous Toyota Buyer either, had also included two auto loans in my BK so I am not sure how or why they were lenient with me, but I didn't ask!.  Previously had a good history with Honda Financial.  I applied with my CU first thinking it would not be possible  just to have back up - they came in at 10.74% for up to 72 months, needless to say I did not take it.  I already have relationships with Honda and Nissan Finance, figured I would add Toyota so that I could move into Lexus which is also under Toyota Financial when this lease is up. 
Filed BK 7: 2/28/2012 | Discharged: 7/24/2012
POST BK APPROVALS:
NFCU nRewards Secured Visa: $1000 7/12| Apple FCU Secured Visa: $1000 9/12
Toyota Finance Lease: 0% | 0.0008 MF 10/12
Barclay Apple Finance Visa: $2200 1/13
NFCU cashRewards Visa: $2500 3/13