***UPDATE***
APPROVING BANK: Acura Financial/Honda Finance
BUREAU PULLED: all 3??
CREDIT SCORE: 664 (pulled by Acura Financial), 668 (pulled by Capital One and Oregon Community CU)
CUSTOMER STATE OF RESIDENCE: OR
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Acura
MODEL: TL SH-AWD w/Technology Package
MILEAGE: 270
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 31375 (put 7800 down)
TERM CONTRACTED: 60 months
APR/LEASE RATE: 0.9%!!!!!!!!!!!!!!!!!!!!!
MONTHLY PAYMENT: ~$535
ANNUAL INCOME: 88,000
DEBT TO INCOME RATIO: <15% (not including this auto loan)
MISCELLANEOUS COMMENTARY: Soooooo, after getting a 3.27% rate from Capital One I was very pleased. Once I went to the first Acura dealer to do a detailed test drive, I decided that I wanted the car. The price that I was given was VERY good, however I tried to negotiate the price down some more. I was shot down like a clay pigeon ("I can't take a nickel off of this price"..."it's 2K below invoice"..."we're losing $ on this deal"...BLAH BLAH BLAH car salesmen jargon). Then he wanted to try to beat my 3.27 rate, but never made mention of the 0.9% APR incentive going on. When I mentioned it he stated that it was only for 36 months. I pulled up HIS dealership's website on my iPhone and showed him that it was for 24-60 months. He tried to play dumb like he didn't know. He ran a credit app and told me that I had a 651 and there was no way that I could get the incentive APR but he could probably get one of the many banks that they deal with to beat the 3.27% APR. I was like, okay, but I also told him that if it was less that 1 point better than the rate I already had, I would just stay with my Cap 1 loan (at this point I knew he was tryin' to hustle me). He kept running to the finance office and stalling me at which time I told him that I had to go meet my family for dinner and couldn't wait. He of course tried to convince me that he could beat the rate so that I could take the car that day and not wait on my Cap 1 blank check. I told him that he could work on beating the rate over the weekend and we could touch base early the next week after I return from a weekend trip with the family. He was not happy but let me walk.
That night, I email the guy that I'd had communication with from another dealer and told him that if he could get me the car for X price (what I asked the original dealer for) the deal was his. The next day he emailed me then called and said that he could do it. He went over the numbers, I agreed, gave him my AMEX # for deposit. He also asked if I would be interested in trying Acura Financial. I said yeah but the other dealer told me that I wouldn't qualify, however I noticed on my CRs that Acura Financial never showed up on it, only the dealer, which told me that he never even tried (more $ on the back end for using "their" banks). He (the guy from the 2nd dealer) said that he could do a credit app for me when I returned home and he'd see what he could do. Fast forward to today (Tuesday), he called, I gave him the info for the credit app, he called back to ask me to send my most recent pay stub. Once he got that, he called again and said that my score was 664 and they approved me for the 0.9% APR!!!!!!! Needless to say, I was excited! I went in, signed all of the papers, got a tutorial on the Tech package, and dropped my down payment. Since I had my other car, they were nice enough to drive my new car home for me. I'm quite elated (and relieved). I love the car and I'm happy to have another car loan so that I can continue to rebuild my credit as the old baddies start to fall off of my reports.
BOA/Alaska Airlines: 40k; AMEX Delta Platinum: 39k; BOA/APTA Cash Rewards: 26.4K; Chase Amazon Prime Signature Visa: 25k; Capital One Venture One (#1): 23.75k; Wells Fargo Platinum Visa: 21K; Citi Simplicity MC: 20.8K; BECU Reward Signature Visa: 20k; Amex Blue Cash: 20K; Amex EveryDay: 20k; Fidelity Signature Visa: 20K; Citi/Costco Signature Visa: 17.6K; Barclays NFL Extra Points/Seahawks: 15.25K; Citi Double Cash: 15K; BECU Personal Line of Credit: 15k; Capital One Venture One (#2): 10K; Amazon Prime Store Card: 10K; Chevron/Texaco: 10K; Consolidated Community Credit Union Signature Visa: 5K; Barclays Apple Rewards Visa: 4K; Capital One Platinum (secured): $750; AMEX PRG: NPSL; AMEX Unicorn (ZYNC): NPSL; TOTAL Across all Revolving Credit Lines: $363,550
As of 06/17/2018- TU FICO: 800 EX FICO: 813 EQ FICO: 803
09/2011-TU FICO: 5?? EX FICO: 5?? EQ FICO: 503
Starting Score: 628
Starting Score: 1/9/13 579EQ 550EX 560TU