New Contributor
tisch0791
Posts: 53
Registered: ‎03-31-2012
Re: Auto Loan Approvals!

‎12-28-2012 08:42 AM

APPROVING BANK: NMAC
BUREAU PULLED: Not Sure
CREDIT SCORE: Eq 699 and 655 (joint app w/spouse)
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2012
MAKE: Nissan
MODEL: Maxima
MILEAGE: 39
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 34787
TERM CONTRACTED: 72 mos
APR/LEASE RATE: 4.2%
MONTHLY PAYMENT: $548
ANNUAL INCOME: $160K (regular and self employment)
MISCELLANEOUS COMMENTARY: MSRP on car was $40750.  Selling price of car after rebates and negotiating was 31200.  Had preapprovals with credit union (3.5%) and Cap One (3.69%).  However financing with NMAC brought selling price down A LOT.  They wouldn't go that low on price unless we used them.  So we went with NMAC.  However we will contact the credit union about turning the loan over to them at the rate they offered.  Love the car! 
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Member
joeyd
Posts: 5
Registered: ‎12-22-2012
Re: Auto Loan Approvals!

‎12-29-2012 09:41 AM

APPROVING BANK: Toyota
BUREAU PULLED: EQ
CREDIT SCORE: 572 myfico, dealer said it was 531
CUSTOMER STATE OF RESIDENCE: Ga.
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Toyota
MODEL: Camry
MILEAGE: 22035
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 17952.22 with Ext. Warranty and Gap.
TERM CONTRACTED: 60
APR/LEASE RATE: 17.34
MONTHLY PAYMENT: $449.45
ANNUAL INCOME: $47,000
MISCELLANEOUS COMMENTARY: Put 2K down. My only concern is since it was a certified used toyota with warranty left do I need the extended warranty. Should I cancel extended warranty and Gap? Is Nationawide Insurance Gap added to my policy sufficient? Seems my downpayment really went toward the Ext. warranty and their Gap Insurance. Rate High but 6 month out of BK happy anyone would buy me. Plan send two checks a month one for payment, and other for $100 a month toward principle to buy down this interest rate and shorten the loan. TY Forum!
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Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
Re: Auto Loan Approvals!

‎12-29-2012 10:49 AM

I think that it would be wise to keep the extended warranty on this one. Especially if the original warranty runs out at 35,000. It could save you money from an unexpected expense.

You got a really good deal on this one considering where your credit is today. $449 a mo is not bad considering the year and make of car you purchased. Congrats again!!!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
Re: Auto Loan Approvals!

‎12-29-2012 10:50 AM

Oh and I think the GAP coverage is sufficient.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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Valued Member
drboxing
Posts: 41
Registered: ‎09-19-2012
Re: Auto Loan Approvals!

‎12-29-2012 12:54 PM

Great u were approved by Toyota, I say just make ur payments on time, you'll never have to worry about auto financing again.
Starting Score: TU 614 EX584
Current Score: TU 614/EX 630 (Walmart)
Goal Score: 710

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Valued Member
karnitia
Posts: 35
Registered: ‎08-30-2012
Re: Auto Loan Approvals!
[ Edited ]

‎12-29-2012 09:49 PM - edited ‎12-29-2012 09:53 PM

APPROVING BANK: Toyota
BUREAU PULLED: Transunion
CREDIT SCORE: 604 TU; Auto Tier U04  643??
CUSTOMER STATE OF RESIDENCE: TN
NEW/USED: YEAR OF VEHICLE: Used
MAKE: Infiniti
MODEL: G35
MILEAGE: 75k
RETAIL/LEASE: lease
AMOUNT OF LOAN: $14,500
TERM CONTRACTED: 72 months
APR/LEASE RATE: 12.99%
MONTHLY PAYMENT: $340
ANNUAL INCOME: $30k
MISCELLANEOUS COMMENTARY: $0 money down. I had to pay to add a 3 year warranty with GAP so my total monthly payment will be $396
Starting Score: 533
Current Score: TU 618 EQ 584 EX 588
Goal Score: 700

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toughoya
New Member
toughoya
Posts: 5
Registered: ‎11-24-2012
Re: Auto Loan Approvals!

‎12-30-2012 01:40 AM

APPROVING BANK: Pentagon Federal Credit Union
BUREAU PULLED: Experian
CREDIT SCORE: 725
CUSTOMER STATE OF RESIDENCE: UT
NEW/USED: Used
YEAR OF VEHICLE: 2005
MAKE: Saturn
MODEL: Vue
MILEAGE: 93,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $6125
TERM CONTRACTED: 36 mos
APR/LEASE RATE: 0.49%
MONTHLY PAYMENT: $179
ANNUAL INCOME: $47K

MISCELLANEOUS COMMENTARY: Worked hard getting my scores up and getting approved through PenFed was great for my rate! Even though the car is not new, it is my first in about 5 years. Just needed an A to B work vehicle. Total owed is 6475 because of the gap ins. I also financed with no money down.

(2,988 Views)
 
Contributor
breedo
Posts: 98
Registered: ‎09-17-2012
Re: Auto Loan Approvals!

‎12-30-2012 08:26 PM

APPROVING BANK: Volkswagen Credit
BUREAU PULLED: TransUnion
CREDIT SCORE: 664
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Used
YEAR OF VEHICLE: 2011
MAKE: Volkswagen
MODEL: Golf
MILEAGE: 21,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16500
TERM CONTRACTED: 48 mos
APR/LEASE RATE: 4.72%
MONTHLY PAYMENT: $372
ANNUAL INCOME: $62k

MISCELLANEOUS COMMENTARY: Zero down. I was pre-approved by my credit union at 7.9% for 48 mos or 6.9% for 36 mos and Cap One at 12.9% so I was very pleased the dealer could offer me 4.72% with less than perfect credit. I declined GAP insurance as I'm selling the car it's replacing for between $6-7k and will apply that towards the loan.

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Established Member
kittenkatt79
Posts: 14
Registered: ‎08-04-2008
Re: Auto Loan Approvals!
[ Edited ]

‎12-31-2012 10:32 AM - edited ‎12-31-2012 10:42 AM

APPROVING BANK: Commerce Bank
BUREAU PULLED: Transunion
CREDIT SCORE: 775 and 741 (joint loan with husband)
CUSTOMER STATE OF RESIDENCE: MO
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Kia
MODEL: Soul
MILEAGE: 18
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16767 (price includes extended warranty)
TERM CONTRACTED: 75 months
APR/LEASE RATE: 1.69%
MONTHLY PAYMENT: $235
ANNUAL INCOME: $54k
MISCELLANEOUS COMMENTARY:  Zero down. Our dealer's finance guy advised that GAP insurance would be cheaper through our regular auto insurance - checked online and GAP will only cost us about $18/year through esurance.  We're still deciding whether or not to keep the extended warranty (have 90 days to cancel).
Cards: Amex BCE $5000 (9/2012), Citi Forward $8000 (6/2012), Amex Zync NPSL (5/2012), Discover More $6000 (5/2012), Chase Freedom $1200 (7/2008), Cap1 Platinum MC $4750 (7/2007)

FICO Scores: 775 TU (12/2012, auto loan pull), 744 EX (9/2012), 713 EQ (8/2012)
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Established Contributor
guydiver
Posts: 532
Registered: ‎08-30-2007
Re: Auto Loan Approvals!

‎12-31-2012 05:56 PM

APPROVING BANK:  Ford Credit

BUREAU PULLED:  EQ, EX

CREDIT SCORE:  776 EQ

CUSTOMER STATE OF RESIDENCE:  LA

NEW/USED:  NEW

YEAR OF VEHICLE:  2013

MAKE:  FORD

MODEL:  ESCAPE TITANIUM 2.0 Ecoboost 4WD

MILEAGE:  145

RETAIL/LEASE:  RETAIL

AMOUNT OF LOAN:  $34535

TERM CONTRACTED:  60 MONTHS

APR/LEASE RATE:  3.70%

MONTHLY PAYMENT:  $631

ANNUAL INCOME:  80K

MISCELLANEOUS COMMENTARY:

Loaded car with every available option.  Took the Ford financing to get an additional 1K in incentives.  $31,959 sale price.  Sticker was $37,020.  Added the  basic 100K Ford extended warranty and gap. 2K and change down, although I qualified for $0 down.  This car is incredible.  I looked at many competitors, but nothing else had this much car for the price. 

 

 

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Starting Score: 1/05 upper 500's??Current Score: FICO: EQ 783, TU(98) 790, EX 814(Vantage) 779(CS) Goal Score: .....800 IS ON MY BUCKET LIST! EX ,BITE ME! .:smileyvery-happy:
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