Re: Auto Loan Approvals!
11-25-2008 10:16 PM
APPROVING BANK: Chase
BUREAU PULLED: Equifax
CREDIT SCORE: 540, Co-signer- 690
BUREAU PULLED: Equifax
CREDIT SCORE: 540, Co-signer- 690
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED:NEW
YEAR OF VEHICLE:2009
MAKE: Mazda
MODEL:6 S Grand Touring
MILEAGE: 55
RETAIL/LEASE: Retail/Financed
AMOUNT OF LOAN: 28769
RETAIL/LEASE: Retail/Financed
AMOUNT OF LOAN: 28769
TERM CONTRACTED:72
APR/LEASE RATE:14.99 (Ouch, will refinance once the credit situation is improved)
APR/LEASE RATE:14.99 (Ouch, will refinance once the credit situation is improved)
MONTHLY PAYMENT: $640
MISCELLANEOUS COMMENTARY: Was out on Workers Compensation last year and could not keep up with any of many of my payments (only two that stayed up to date were student loans). Knew I would need a co-signer and would be at the mercy of the financial institutions. Was originally set on not having a payment greater than $550, but that was shot out the window. I will deal with the high payments for a year and then try to refinance. In the mean time, I will be paying almost $800 a month to make sure I'm not upside down when it comes time to refi.
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