topic Re: Auto Loan Approvals! in Auto Loans

Auto Loan Approvals!

Schoolbuskid — Sun, 26 Aug 2018 23:47:24 GMT

Credit to MarvBear for an excellent idea on another forum; this thread is to be used for your Auto Loan Approvals just copy and paste!

APPROVING BANK:
BUREAU PULLED:
CREDIT SCORE:

SOFT PULL/HARD PULL:
CUSTOMER STATE OF RESIDENCE:
NEW/USED:
YEAR OF VEHICLE:
MAKE:
MODEL:
MILEAGE:
FINANCE/LEASE:

PURCHASE PRICE:
AMOUNT OF LOAN:
TERM CONTRACTED:
APR/LEASE RATE:
MONTHLY PAYMENT:
ANNUAL INCOME:
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:

Message Edited by Schoolbuskid on 05-31-2008 09:46 AM

Re: Auto Loan Approvals!

Schoolbuskid — Sat, 31 May 2008 16:52:38 GMT

APPROVING BANK:Truliant Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE:605
CUSTOMER STATE OF RESIDENCE: NC
NEW/USED: USED
YEAR OF VEHICLE:2002

MAKE:Mercury

MODEL:Mountaineer
MILEAGE:155000
RETAIL/LEASE:Retail
AMOUNT OF LOAN:3700
TERM CONTRACTED:24 months
APR/LEASE RATE:7.35
MONTHLY PAYMENT:172
MISCELLANEOUS COMMENTARY: Originally bought vehicle for $7000 with a 135k miles, just recently refinanced with my Credit Union!

Message Edited by Schoolbuskid on 05-31-2008 09:52 AM

Re: Auto Loan Approvals!

Anonymous — Mon, 02 Jun 2008 19:11:35 GMT

APPROVING BANK: General Electric Credit union
BUREAU PULLED:Equifax
CREDIT SCORE:660 ish
CUSTOMER STATE OF RESIDENCEh
NEW/USED:new
YEAR OF VEHICLE:2008

MAKE:bmw

MODEL:m3
MILEAGE:27
RETAIL/LEASE:retail
AMOUNT OF LOAN:71300
TERM CONTRACTED:63
APR/LEASE RATE:5.54
MONTHLY PAYMENT:1313.00
MISCELLANEOUS COMMENTARY: have very clean credit history, score is lower because i use credit alot. inquires and short account age. have no debt besides car and home

Message Edited by creditohio on 06-02-2008 12:11 PM

Re: Auto Loan Approvals!

ChuckG — Mon, 02 Jun 2008 19:49:20 GMT

@Anonymous wrote:
NEW/USED:new
YEAR OF VEHICLE:2008
MAKE:bmw
MODEL:m3
MILEAGE:27
RETAIL/LEASE:retail
AMOUNT OF LOAN:71300

*@$^*@$*&*!!!@@@

I hate you.

Just kidding, that's just the haterade talking, I'm jealous.

Currently in the market for an e46m3 or e39m5 actually.

Re: Auto Loan Approvals!

Anonymous — Tue, 10 Jun 2008 19:00:29 GMT

APPROVING BANK: SC State Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 601
CUSTOMER STATE OF RESIDENCE: SC
NEW/USED: NEW
YEAR OF VEHICLE: 2008
MAKE: MINI
MODEL: COOPER S
MILEAGE: N/A
RETAIL/LEASE: RETAIL
AMOUNT OF LOAN: 31,000
TERM CONTRACTED: 72mos
APR/LEASE RATE: 7.95%
MONTHLY PAYMENT: Approx $600
MISCELLANEOUS COMMENTARY: Ordered the new MINI on Monday, June 9, 2008.

Message Edited by Rocket on 06-10-2008 12:00 PM

Re: Auto Loan Approvals!

Anonymous — Wed, 04 Jun 2008 07:40:55 GMT

APPROVING BANK: Penn. state credit union

BUREAU PULLED:experian
CREDIT SCORE:730
CUSTOMER STATE OF RESIDENCE: Pennsylvania
NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:Chevy

MODEL:Malibu
MILEAGE:
RETAIL/LEASE:
AMOUNT OF LOAN:16,000
TERM CONTRACTED:60 mos
APR/LEASE RATE:4.49%
MONTHLY PAYMENT:approx 300.00
MISCELLANEOUS COMMENTARY

Message Edited by Saedra on 06-04-2008 12:39 AM

Message Edited by Saedra on 06-04-2008 12:40 AM

Message Edited by Saedra on 06-04-2008 12:40 AM

Re: Auto Loan Approvals!

atlastontheroad — Wed, 04 Jun 2008 10:36:01 GMT

APPROVING BANK: Educator's FCU

BUREAU PULLED:Transunion

CREDIT SCORE:690
CUSTOMER STATE OF RESIDENCE: New York
NEW/USED:Used
YEAR OF VEHICLE:2006

MAKE:Honda

MODEL:CR-V
MILEAGE:25k
RETAIL/LEASE:
AMOUNT OF LOAN:12,000
TERM CONTRACTED:36 mos
APR/LEASE RATE:4.49%
MONTHLY PAYMENT:approx 340.00
MISCELLANEOUS COMMENTARY

Re: Auto Loan Approvals!

ChuckG — Wed, 04 Jun 2008 16:38:03 GMT

APPROVING BANK: Navy Federal Credit Union
BUREAU PULLED: Equifax
CREDIT SCORE: 650
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2004
MAKE: Toyota
MODEL: Matrix
MILEAGE: 80,000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $10,492
TERM CONTRACTED: 36mo
APR/LEASE RATE: 8.0%
MONTHLY PAYMENT: $335.17
MISCELLANEOUS COMMENTARY: This was a refi after paying 18.8% on a capital one auto loan for 12 months.

Message Edited by ChuckG on 06-04-2008 09:38 AM

Re: Auto Loan Approvals!

Anonymous — Fri, 06 Jun 2008 17:30:49 GMT

APPROVING BANK: AmeriCredit
BUREAU PULLED:All
CREDIT SCORE:601-635
CUSTOMER STATE OF RESIDENCE: PA
NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:NIssan

MODEL:Altima
MILEAGE:
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 21K
TERM CONTRACTED:72 months
APR/LEASE RATE:11%
MONTHLY PAYMENT:
MISCELLANEOUS COMMENTARY: I wish at the time I could put money down on this car...yet needed to purchase ASAP. Hoping to refinance by the end of this yr

Re: Auto Loan Approvals!

Anonymous — Sat, 07 Jun 2008 15:50:32 GMT

This thread is to be used for your Auto Loan Approvals just copy and paste!

APPROVING BANK: Mazda American Credit
BUREAU PULLED: Equifax
CREDIT SCORE: 614 (dealer told me 630 but equifax score shows 614)
CUSTOMER STATE OF RESIDENCE:Virginia
NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:Mazda

MODEL:3
MILEAGE:26
RETAIL/LEASE:retrail
AMOUNT OF LOAN:20K
TERM CONTRACTED:60 months
APR/LEASE RATE:4.9%
MONTHLY PAYMENT:389
MISCELLANEOUS COMMENTARY:traded in a vehicle with negative equity. was very surprised Mazda approved me.

Re: Auto Loan Approvals!

Schoolbuskid — Sat, 07 Jun 2008 23:43:26 GMT

A 614 got you that kind of loan, with american mazda credit? Wow i was looking at the mazda 3's too! Do you have a long history? I mean thats a pretty low score to be financed at such a great rate! Pleast tell me more!

Re: Auto Loan Approvals!

Anonymous — Sun, 08 Jun 2008 01:19:25 GMT

APPROVING BANK:GMAC
BUREAU PULLED:EX
CREDIT SCORE:607
CUSTOMER STATE OF RESIDENCE:AR

NEW/USED:New
YEAR OF VEHICLE:2008

MAKE:Chevrolet

MODELuburban
MILEAGE:15
RETAIL/LEASE:retail
AMOUNT OF LOAN:$47,000
TERM CONTRACTED:72
APR/LEASE RATE:7.25
MONTHLY PAYMENT:797
MISCELLANEOUS COMMENTARYidn't get vehicle yet. Suprised that I got approved since have various closed, paid collection accounts on CR. Everything current. Trying to build score back up. Got mtg., credit line, and 2 credit cards low balances. CU said they could only do 5.9% at best.

Re: Auto Loan Approvals!

Anonymous — Sun, 08 Jun 2008 18:00:57 GMT

Hey Schoolbuskid,

I was totally surprised that I got approved and I actually didn't believe the finance guy so I made him print me off something showing that I was approved.

Right now mazda is having special financing and rebates on a lot of their vehicles. I think the financing rates are 2.9 or 3.9 for tier 0-2 credit. On the approval I saw it said I was a tier 3 credit. Here are the comments the approval officer wrote to the dealer finance guy "Paul, good dti/pti, shorter term, cash down. Trading open auto, slightly higher payment. Thanks for the business. LVL 3 Fin, slightly higher payments. Thanks for the business LVL3 60x389x20660. Call if figs change. Stipulations BUR Score 620-659. POI/4refers, 2k cc"

I didn't trust the dealer so like I said I made them print me off a copy of the approval. They use a company called RouteOne (routeone.com) which is an electronic system that allows dealers to get approvals within minutes. They printed me off the approval page from RouteOne that showed the Mazda American Credit Decision Details: Says I was approvaed for $20,6660, 60 months at 4.9%, $2k down payment and my payments are $389. I also got a $500 mazda 3 rebate. Check out their website and look for incentives in your area and you'll see the interest rates and rebates they're offering in your area.

I think they used an auto enhanced score because the salesman told me he saw my score and it was a 630 something. When I checked equifax it was 614. If it helps, my income is $35k a year base but I make around $40k after bonuses and overtime. I have a credit history that is about 8 years long because of student loans. I have a lot of student loans but they are all current, never been late. I have 3 open, current, never been late credit cards. Had two lines of credit with a furniture store that I just paid in full. I do have some collections on my credit but they aren't new collections.

Car dealerships are having a rough time right now so the in house finance companies are probably a little bit more lenient than they normally would be. When the car salesman told me about the financing and that I could probably get the 4.9% I told him he was crazy. Apparently he wasn't lol. I was denied by capital one, buy a local credit union, and my e-loan/roadloans.com. So I was totally discouraged when I went into the dealer and not expecting a good rate.

I'm picking the car up on Friday. Didn't pick it up on Friday when I bought it because I didn't have my down payment. Going to give them the $2K on friday and will take delivery then.

Let me know if you have any questions.

Message Edited by financenewcar on 06-08-2008 10:57 AM

Message Edited by financenewcar on 06-08-2008 11:00 AM

Re: Auto Loan Approvals!

Schoolbuskid — Sun, 08 Jun 2008 18:19:45 GMT

Thats awesome to hear, yea i was reading something on credit boards about it being the best time to buy a car, since so many dealerships are kinda struggling. I am super excited for you and hope you enjoy your car. I guess i need to pay off my current loan first because i kinda want to keep my vehicle, and then get a small car to drive back and forth to work! I dont know how they would be with my a credit history of two years and average is 8 months!

Thanks for all the info...it makes me put mazda higher up on the list! Enjoy you new car!

Re: Auto Loan Approvals!

Anonymous — Sun, 08 Jun 2008 18:26:03 GMT

Thanks! Glad I could help! And I hope you do decide to get a Mazda 3. You'll absolutely love it!

Message Edited by financenewcar on 06-08-2008 11:26 AM

Re: Auto Loan Approvals!

demo18c — Sun, 08 Jun 2008 22:46:16 GMT

APPROVING BANK: GMAC
BUREAU PULLED: TU
CREDIT SCORE: 660
CUSTOMER STATE OF RESIDENCE: TN
NEW/USED: NEW
YEAR OF VEHICLE: 2008

MAKE: SUBARU

MODEL:TRIBECA
MILEAGE:59
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:32500
TERM CONTRACTED: 60
APR/LEASE RATE: 9.99
MONTHLY PAYMENT: 687(?)
MISCELLANEOUS COMMENTARY: No money down. Told dealership to only pull TU and they did. A month later refied with USAA

APPROVING BANK:USAA
BUREAU PULLED: EQ
CREDIT SCORE: 635
CUSTOMER STATE OF RESIDENCE:TN
NEW/USED: REFI
YEAR OF VEHICLE: 2008

MAKE:SUBARU

MODEL:TRIBECA
MILEAGE:1300
RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:32500
TERM CONTRACTED:60
APR/LEASE RATE:6.125
MONTHLY PAYMENT:667(?)
MISCELLANEOUS COMMENTARY Only 20 dollars less than before I refied but wanted a lower APR and more accounts with USAA

Re: Auto Loan Approvals!

Lily — Wed, 09 Jul 2008 22:02:50 GMT

APPROVING BANK:NISSAN - NMAC

BUREAU PULLED: not sure what they pulled- I pulled TU before I went - usually is the middle score for me
CREDIT SCORE:717
CUSTOMER STATE OF RESIDENCE:Texas
NEW/USED:New
YEAR OF VEHICLE:2009

MAKE:Nissan

MODEL:Versa
MILEAGE:23
RETAIL/LEASE:Retail
AMOUNT OF LOAN:16000
TERM CONTRACTED:63
APR/LEASE RATE:6.99
MONTHLY PAYMENT:319
MISCELLANEOUS COMMENTARY: First time financing a vehicle - it was an interesting situation but I've come away happy with my purchase. Also on a side note I was denied by Roadloans and several others completely - a CU was interested in giving me some financing- however had several stipulations that wouldn't have worked for us - feel like I got lucky in NMAC.

Re: Auto Loan Approvals!

Schoolbuskid — Wed, 09 Jul 2008 22:07:24 GMT

That funny that you were denied by Roadloans, i guess they only approve scores lower than 600! LOL! Congrats on new car! Happy Driving!

Message Edited by Schoolbuskid on 07-09-2008 03:07 PM

Re: Auto Loan Approvals!

BGMWPD320 — Wed, 09 Jul 2008 22:57:30 GMT

APPROVING BANK: Toyota Financing
BUREAU PULLED: EQ
CREDIT SCORE: 667
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: New
YEAR OF VEHICLE: 2008

MAKE: Toyota

MODEL: Tundra double cab Texas Edition
MILEAGE: 6
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 24,000
TERM CONTRACTED: 75 months
APR/LEASE RATE: 9%
MONTHLY PAYMENT: $446
MISCELLANEOUS COMMENTARY: Easy transaction!

Re: Auto Loan Approvals!

wynona01 — Thu, 10 Jul 2008 12:58:50 GMT

I'm gonna post mine even though the interest rate is through the roof, i just came out of a bankruptcy and im just glad that anybody approved me:

APPROVING BANK: MarkOne Financial
BUREAU PULLED:all 3
CREDIT SCORE:EX 550, EQ, 563, TU 557
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: USED
YEAR OF VEHICLE 2005

MAKE:MITSUBISHI

MODEL:GALANT
MILEAGE:31,125

RETAIL/LEASE:RETAIL
AMOUNT OF LOAN:12,200
TERM CONTRACTED:48 MONTHS
APR/LEASE RATE:25%
MONTHLY PAYMENT:411.01
MISCELLANEOUS COMMENTARY: i was denied by everyone, this is the only company that would finance me i put 2000 down. I knew the interest rate was gonna be a killer plus i can refinance once my credit scores are back on track.

Message Edited by wynona01 on 07-10-2008 05:58 AM