Auto Loan Approval

[Anonymous]

My new ride

APPROVING BANK: Lexus Financial 
BUREAU PULLED: Experian
CREDIT SCORE: 690

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Lexus
MODEL: ES 350 F Sport
MILEAGE: 6
FINANCE/LEASE: Finance

PURCHASE PRICE: $53,000
AMOUNT OF LOAN: $44,500
TERM CONTRACTED: 72 months
APR/LEASE RATE: 2.9
MONTHLY PAYMENT: $674.13
ANNUAL INCOME: $110K
DEBT TO INCOME RATIO: 7%
MISCELLANEOUS COMMENTARY: The original car price was $55,500 and they gave me a $1500 rebate and $1000 loyalty cash. I put down $6K. I was trying for tier 1 but it was a no go. I'm happy with the interest rate all in all.

[Brian_Earl_Spilner]

Congrats! Did they already bump your tier? I got 4.99 with a lower DTI and I think it was a 687. We're you a previous LFS customer?

[Anonymous]

@Brian_Earl_Spilner yes I was a previous LFS customer which I'm sure helped with the interest rate. I didn't think I qualified for the Loyalty cash since it was so long ago that I financed a Lexus. I think the dealer was also actively trying to make an end of the month/holiday sale so he went above and beyond.

[Shooting-For-800]

The new ES is really nice.

I was shocked when I first saw one.

I used to have a GS.

Now I want a GX.

Hard to beat Lexus cars and dealerships.

Congrats!

[AllZero]

Congratulations on your approval! I think it looks better if you keep the bow on it. Enjoy the new ride!

[babygirl1256]

Congrats on your auto loan approval . . . go ahead "princess" and ride in style!!!

[Anonymous]

Do you know if they pulled auto enhanced or regular FICO? Congrats!! I'm looking for IS350 F Sport rn myself. Enjoy the new ride. 👍🏼

[Anonymous]

@Anonymous @they pulled Auto enhanced Fico 8. My Auto 9 scores were a little lower so they went with the 8 version. I hope this helps.  A good dealer can push you to another tier especially if you're a loyalty customer.

[Anonymous]

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@Anonymous wrote:

@Anonymous @they pulled Auto enhanced Fico 8. My Auto 9 scores were a little lower so they went with the 8 version. I hope this helps.  A good dealer can push you to another tier especially if you're a loyalty customer.

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Mine are the opposite, so it's nice to know they'll use either or. Again, enjoy that beautiful new car of yours!!

[Loquat]

Very nice! Congrats on your purchase and enjoy that beautiful new car!