Auto Loan Approvals!

[tryingforgoals]

APPROVING BANK: NFCU
BUREAU PULLED: EQ
CREDIT SCORE: 617 (MyFico)
CUSTOMER STATE OF RESIDENCE: Virginia
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: 
MODEL: 
MILEAGE: NEW
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 15500
TERM CONTRACTED: 60
APR/LEASE RATE: 4.9%
MONTHLY PAYMENT: 291
ANNUAL INCOME: 20387

OMG. I'm so shocked right now. I am 20 years old, but I guess it pays off that I've had a NFCU account since I was a kid.

[Anonymous]

APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: Equifax
CREDIT SCORE: 620
CUSTOMER STATE OF RESIDENCE: Arizona
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Chevrolet
MODEL: Equinox
MILEAGE: 28000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 24,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 8.9
MONTHLY PAYMENT: 435
ANNUAL INCOME: 60,000
MISCELLANEOUS COMMENTARY:  I bought a new Honda Civic in 2009 and was trapped in a $500/mo payment but only had a 5% IR so we needed a bigger car, and I was actually okay with the 8.9% Cap one preapproved me for 10%

[Anonymous]

APPROVING BANK: Wells Fargo Dealer Services
BUREAU PULLED: Equifax
CREDIT SCORE: 620
CUSTOMER STATE OF RESIDENCE: Arizona
NEW/USED: Used
YEAR OF VEHICLE: 2012
MAKE: Chevrolet
MODEL: Equinox
MILEAGE: 28000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 24,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 8.9
MONTHLY PAYMENT: 435
ANNUAL INCOME: 60,000
MISCELLANEOUS COMMENTARY:  I bought a new Honda Civic in 2009 and was trapped in a $500/mo payment but only had a 5% IR so we needed a bigger car, and I was actually okay with the 8.9% Cap one preapproved me for 10%

A $24,000 loan at 8.9% for 60 months is $533.03/month.  Don't know how you're only paying $435

[blunderer]

Congratulations!!!!

Yes, being with NFCU is a wonderful thing.  Never let them go!  I bought my first car at 20 (years ago) and remember that my terms were not as favorable. 

Enjoy your new ride

[tryingforgoals]

I think you're talking to me, but thanks! It's actually not 4.9% it's 4.79%

[securingourfuture]

APPROVING BANK: SANTANDER CONSUMER USA
BUREAU PULLED: EQ
CREDIT SCORE: 527
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: Used
YEAR OF VEHICLE: 2009
MAKE: Acura
MODEL: RDX
MILEAGE: 52,115
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 28,928.50 (w/ warranty, $1510 neg equity, and GAP)
TERM CONTRACTED: 72
APR/LEASE RATE: 10.64%
MONTHLY PAYMENT: 545.31
ANNUAL INCOME: 65000

MISCELLANEOUS COMMENTARY: Shopping around at my local credit union for a refi.  Went to Carmax and was also approved by Wells Fargo at 18%, nothing down (heck no) and by Carmax with a $1200 down payment for 14.65%.  There was a 61-90 day late on my EQ reported on an account incorrectly listing me as an AU.  Contacted EQ and baddie deleted, bringing score up to 625.  Hoping my CU can save me at least 3-4 percentage points.  I was still OK with 10.64%, as it beat my Cap 1 loan on my trade in, which was 16.32%.

[Anonymous]

APPROVING BANK: Chase
BUREAU PULLED: TU
CREDIT SCORE: 711
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: VW
MODEL: Passat TDI
MILEAGE: 30
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $21076
TERM CONTRACTED: 60
APR/LEASE RATE: 1.24%!!!!! <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
MONTHLY PAYMENT: $363
ANNUAL INCOME: $85,000
DEBT TO INCOME RATIO: 36%
MISCELLANEOUS COMMENTARY: 80% LTV, applied through the dealership and was instantly approved! 

[Anonymous]

APPROVING BANK: Chase
BUREAU PULLED: TU
CREDIT SCORE: 682
CUSTOMER STATE OF RESIDENCE:CA
NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Mazda
MODEL: Mazda 2 Sport
MILEAGE: 40
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 11753
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.84%
MONTHLY PAYMENT: 220
ANNUAL INCOME: 12000 on pay stub plus other sources ~15000
DEBT TO INCOME RATIO: Don't know
MISCELLANEOUS COMMENTARY: I'm a sutdent doing a part time job have approx. 1000 per month income on pay stub, and I also work for my parents and got paid in cash about 1000 per month, but it's unverifiable according to banks. I got turned down everywhere including Chase I applied online by myselfe. So surprisingly I got approved by Chase at the dealership. I thought it would be a scam that they approved me and called me days later that my finance fall through. But I see my statements and loan account on Chase today. Yay! Apparently banks have different systems for ordinary people and dealers. Also I'm surprised I got a "fair" rate for my CS. 

, 

[new_earth]

this is a refinance, btw...

APPROVING BANK: DCU
BUREAU PULLED: the lady for some reason said Experian but the hard pull was on my Equifax, so I guess EQ.
CREDIT SCORE: 644 according to lady at DCU
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: Used
YEAR OF VEHICLE: 2007
MAKE: Chevy
MODEL: Impala
MILEAGE: 92,000+
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $7,294 (remaining from original loan)
TERM CONTRACTED: 60
APR/LEASE RATE: 5.49%
MONTHLY PAYMENT: $139.31
ANNUAL INCOME: $37,440

MISCELLANEOUS COMMENTARY: This was a refi. Old loan was with Wells Fargo for ridiculous 18.99% APR, monthly payment $259.76. I improved my credit in two months (just started repairing in March) and was now approved to refi @ DCU. What a difference! Almost half the amount in my monthly payments and that is a pretty drastic reduction in interest.

[cutemarty1]

APPROVING BANK: Bank of America

BUREAU PULLED: EX
CREDIT SCORE: 724
CUSTOMER STATE OF RESIDENCE: California

NEW/USED: New
YEAR OF VEHICLE: 2013
MAKE: Toyota
MODEL:  RAV 4
MILEAGE: NEW
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 30,000
TERM CONTRACTED: 72

APR/LEASE RATE: 2.74

MONTHLY PAYMENT: 380
ANNUAL INCOME: 90,000

MISCELLANEOUS COMMENT : Just applied for Penfed and was turned down due to high debt to income ratio due to my home mortgage and auto lease by MBFS.  I applied for BoA and was approved instantly.  Dunno why Penfed was like that to me.  My current credit card utilization is 3% with total lines of 90k.

Shall I do a recon to penfed with the BoA approval attached? or reapply to Penfed with a comaker to avail of their 1.74% 72months APR to get in.... Gosh, that's two inqs already....