Contributor
Posts: 103
Registered: ‎03-24-2008
Re: Auto Loan Approvals!
APPROVING BANK: BB&T
BUREAU PULLED: All Three
CREDIT SCORE: High 500's to 625, auto "enhanced"
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2008
MAKE: Mazda
MODEL: Mazda3 s-Grand Touring with Sunrof, Bose sound and 6 CD Changer Smiley Happy
MILEAGE: 170
RETAIL/LEASE: 19,100 (Thank you, Edmunds)
AMOUNT OF LOAN: 20,700, minus $2,000 down
TERM CONTRACTED: 63 mos.
APR/LEASE RATE: 7.9%
MONTHLY PAYMENT: $409
MISCELLANEOUS COMMENTARY:  Sticker price was $23,230 -- bargained to $19,100 incl incentives.  So that might've helped with the loan.  Original offer on interest was 8.9%, ranging to 18.9 from some shark. The finance guy offered me a corporate discount on the warranty, so I told him I'd take the warranty for $700 off retail, if he could get me a point better on interest.  He did, which basically means 100k mile warranty was free.  I love BB&T, hometown bank and they always treat their people right.  High income and low DTI probably offset my low scores. Really happy overall.  PS if you live in GA, I went to Jim Ellis Honda.