So I applied for a car loan with DCU and I was approved. They pulled EQ and my EQ is low compared to the other 2. They gave me a rate of 7.49% for 72 months and 6.49% for 60 months. Plus 0.05% for direct deposit.
This rates seems really high and hence I was wondering if there are any lenders that pulls EX or TU. CapOne also pulls EQ unfortunately.
Not sure if you're a Vet, but USAA pulls Experian. I'm paying 17.5% though ughh. Situation where we had to get a new to us vehicle asap. Looking forward to refinancing soon!
DCU uses Equifax Mortgage 5 score.
Not sure that helps but my Mortgage 5 Score is lower than my Fico 8.
Just throwing that out there because it's not necessarily that they pulled EQ but the EQ mortgage score.
It's important to know what particular score from EX/TU a lender will use. As far as auto loans are concerned, there is a specific auto score, which heavily weighs on past loan behavior. Have you obtained the EX/TU "Auto 8/9/etc." scores? Your FICO 8 can differ considerably depending on your specific credit situation. For example, my TU is my lowest score, but my highest auto loan indicator.
I have learned through many times to STICK WITH A CREDIT UNION. 2018 Camry and I am paying 4.50%/72 Month Loan.
Most creditors pull from Equifax because it is more reliable. I would personally look around to see the rate that you think it comfortable. While I personally do not know you're history I must say that a pretty high rate. It also depends on the amount of money you make, and the price of the car. If its a Tesla Roadster than you would be financing probably a lot, and they would give you a higher interest rate to cover it.
Hope this helps!