APPROVING BANK: Mazda American Credit BUREAU PULLED: TransUnion CREDIT SCORE:681...MyFico says 681, dealer said it was 732---not complaining CUSTOMER STATE OF RESIDENCE: MA NEW/USED:New YEAR OF VEHICLE: 2009
MODEL: Mazda3 MILEAGE: 4 AMOUNT OF LOAN: $19,800 TERM CONTRACTED: 36 months APR/LEASE RATE: 0% MONTHLY PAYMENT: $550 MISCELLANEOUS COMMENTARY: I decided to put no money down since I was getting 0% financing. Dealer also offers free oil changes and service for the life of the car
APPROVING BANK: Harley Davidson Credit/Eaglemark Savings Bank BUREAU PULLED: Experian
CREDIT SCORE: 705
CUSTOMER STATE OF RESIDENCE: Hawaii NEW/USED: New (motorcycle)
YEAR OF VEHICLE: 2009
MAKE: Harley Davidson
MODEL: 883XL Sportster
RETAIL/LEASE: Retail purchase
AMOUNT OF LOAN: $11,000 (includes $1,200 extended warranty)
TERM CONTRACTED: 72 mos.
APR/LEASE RATE: 9.00 %
MONTHLY PAYMENT: $230
MISCELLANEOUS COMMENTARY: Purchased this motorcycle for some inexpensive transportation here in Hawaii. The credit app was very brief...sales person came back within 10 minutes and told me I was approved for much more than what I wanted to finance...took about 2 hours from the time I walked in to riding the bike out of their parking lot. If you're in the market for buying a motorcycle, Harley Davidson/Eaglemark was a pleasant experience to deal with.
General note: My FICO scores range from 681 (Equifax) to 705 (Experian)...I have $0 credit card debt...no mortgage debt...no BK, no lates, just 2 paid liens from 1997 that still show in my public records section of my credit file....
My credit score with Equifax dropped 21 points after Harley Davidson posted the installment amount to my Equifax credit file....Experian and TransUnion did not drop. Wild and wierd stuff.
APPROVING BANK: Spire CU BUREAU PULLED: Equifax CREDIT SCORE: 644 CUSTOMER STATE OF RESIDENCE:MN NEW/USED:USED YEAR OF VEHICLE:2007
MODEL:MAXIMA SE MILEAGE:32000 RETAIL/LEASE:Retail/Financed AMOUNT OF LOAN:15020 TERM CONTRACTED:60 APR/LEASE RATE:5.24 MONTHLY PAYMENT:284. MISCELLANEOUS COMMENTARY:Having two bad previous auto loans and one from Fireside thrift that was 5 years old and still had a small balance that I refused to pay them on principal I knew i was in for some tough time trying to find financing. I went to three dealers because they hard 3 cars that I would even attempt to purchase. Finance manager worked his tail off and moments before I signed for a 12.4 interest rate on another Maxima, he finally got the deal done through Spire FCU. I instantly walked away from the other deal and got my car. The car is fully loaded, has everything and is still under factory warranty. I got a fantastic deal, and they got a customer for life. I will be back to get my new Maxima as my graduation present in 2-3 years.
MILEAGE: 55 RETAIL/LEASE: Retail/Financed AMOUNT OF LOAN: 28769
TERM CONTRACTED:72 APR/LEASE RATE:14.99 (Ouch, will refinance once the credit situation is improved)
MONTHLY PAYMENT: $640
MISCELLANEOUS COMMENTARY: Was out on Workers Compensation last year and could not keep up with any of many of my payments (only two that stayed up to date were student loans). Knew I would need a co-signer and would be at the mercy of the financial institutions. Was originally set on not having a payment greater than $550, but that was shot out the window. I will deal with the high payments for a year and then try to refinance. In the mean time, I will be paying almost $800 a month to make sure I'm not upside down when it comes time to refi.
APPROVING BANK: USAA BUREAU PULLED: Equifax CREDIT SCORE: haven't pulled since 8/15, on good behavior since, so 670+ (give or take)
CUSTOMER STATE OF RESIDENCE: NY
YEAR OF VEHICLE:1999
MODEL: RX 300
MILEAGE: 20/24 RETAIL/LEASE: retail AMOUNT OF LOAN: 9000
TERM CONTRACTED: 48 APR/LEASE RATE: 8.44
MONTHLY PAYMENT: $ 220
MISCELLANEOUS COMMENTARY: dealership couldn't finance me at 4 years because it is such an old car. 1 owner, garaged, only 70k miles. Price was 10,499, got them down to 9999 so that tax and everything would add up to less than $11k (9k financed + 2k from insurance claim). Went ahead and got a warranty for cars with less than 80k miles, and I'm feeling really good about the whole transaction!
APPROVING BANK: Toyota Financial BUREAU PULLED: EX CREDIT SCORE: 594 CUSTOMER STATE OF RESIDENCE: CA NEW/USED: NEW YEAR OF VEHICLE: 09
MODEL: Corolla MILEAGE: 3 RETAIL/LEASE: Retail AMOUNT OF LOAN: 23,000 TERM CONTRACTED: 60
APR/LEASE RATE: 4.9 MONTHLY PAYMENT: $390.00 MISCELLANEOUS COMMENTARY - had to have co-signer in order to get low apr. Could of got the 0% finance but payments would of been too high for me to afford. I'll pay extra when I can and get paid off before the 5 years. I think 5 yr loan is too long, but dealer/co-signer thought I'd be more comfortable. No penalty to pay loan off early. Did put small down payment.
APPROVING BANK: MINE BUREAU PULLED: MINE CREDIT SCORE: 720 ? CUSTOMER STATE OF RESIDENCE: CA NEW/USED: USED YEAR OF VEHICLE: 2006
MODEL: SONATA MILEAGE:33000 MI RETAIL/LEASE: RETAIL AMOUNT OF LOAN: ZERO TERM CONTRACTED: ZERO APR/LEASE RATE: ZERO MONTHLY PAYMENT:ZERO MISCELLANEOUS COMMENTARY: After all these years I'm proud to say I was able pay cash for a car. No credit apps, no credit checks, no payments, no bull.