topic Re: Chase Auto Loan Offer in Auto Loans

Chase Auto Loan Offer

Harvey26 — Tue, 17 May 2022 04:50:17 GMT

Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered.

Re: Chase Auto Loan Offer

LakeLife — Fri, 20 May 2022 14:19:06 GMT

Without knowing your income, I can't fully comment other than I've been offered a much higher amount from them. I do my checking/savings with them but have much less in assets with them. My salary is $158,000, and I just completed their prequalification form with this result:

Re: Chase Auto Loan Offer

Gladius — Fri, 20 May 2022 14:25:39 GMT

@Harvey26 wrote:
Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered.

Did you do the pre-qual first? I agree. That amount is an insult!! I just did the pre-qual "just to see" what would happen and got approved for up to $88k. My scores are lower than yours (mid 700s) but I don't know what your income is.

Re: Chase Auto Loan Offer

iced — Fri, 20 May 2022 19:01:52 GMT

I would imagine income and DTI are factoring in to the amount. Mine also came in with a lower amount than I would have liked, but my mortgage has pushed my DTI up into the high teens, so I could see them weighing that against me.

I don't keep much with Chase directly, but they have visibility to accounts showing my available liquid assets and those show up on my login page so they know what I have available. It doesn't seem to have affected the pre-approval amount.

Re: Chase Auto Loan Offer

Dadof31978 — Sun, 29 May 2022 21:39:04 GMT

sorry to spread the news, $50k isn't a lot and means nothing to the bank..more like $5 mm for someone to manually take a look at your file.

@Harvey26 wrote:
Chase has got to be some of the funniest people. I have over 50k in assets with them and an 812 EX score according to them and this is what im being offered.

Re: Chase Auto Loan Offer

Harvey26 — Wed, 01 Jun 2022 15:58:41 GMT

@LakeLife Did a prequal and came up with 50K.

Re: Chase Auto Loan Offer

Beefy1212 — Mon, 06 Jun 2022 23:32:11 GMT

I keep < 5k in my chase account. F8 score in the 740's and they have been practically throwing hookers in my window to accept a 35k pre-approved.

I find it funny they are so eager for me to buy a car when they know I just bought one last July...

Re: Chase Auto Loan Offer

ghector — Thu, 16 Jun 2022 05:20:41 GMT

Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!

Re: Chase Auto Loan Offer

disdreamin — Sat, 18 Jun 2022 21:22:03 GMT

@ghector wrote:
Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!

I also have three credit cards with them, and my prequal was also denied. It was because my reports were locked at the time, and I was unwilling to unlock because I wasn't ready to move on the loan.

Re: Chase Auto Loan Offer

ghector — Mon, 20 Jun 2022 22:15:09 GMT

@disdreamin wrote:
@ghector wrote:
Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!
I also have three credit cards with them, and my prequal was also denied. It was because my reports were locked at the time, and I was unwilling to unlock because I wasn't ready to move on the loan.

I unlocked my Experian to do the prequal- do I have to unloack all 3??

Re: Chase Auto Loan Offer

disdreamin — Tue, 21 Jun 2022 00:06:24 GMT

@ghector wrote:
@disdreamin wrote:
@ghector wrote:
Credit score over 800 and they denied my pre-qual!!! I have 3 credit cards with them that I pay off every month!!
I also have three credit cards with them, and my prequal was also denied. It was because my reports were locked at the time, and I was unwilling to unlock because I wasn't ready to move on the loan.
I unlocked my Experian to do the prequal- do I have to unloack all 3??

To be honest, I'm not sure if they might pull from more than one bureau or not. Hopefully someone else can chime in.