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Auto Loan Approvals!

New Member

Re: Auto Loan Approvals!

APPROVING BANK: Chase
BUREAU PULLED: TransUnion
CREDIT SCORE: 778 mine/712 Wife's
CUSTOMER STATE OF RESIDENCE: IN
NEW/USED: New
YEAR OF VEHICLE:2018
MAKE: Mazda
MODEL: CX-5 Touring
MILEAGE: 91
RETAIL/LEASE: 28100
AMOUNT OF LOAN: 33000
TERM CONTRACTED: 63
APR/LEASE RATE: 0%
MONTHLY PAYMENT: 540
ANNUAL INCOME: 117500 (COMBINED)
DEBT TO INCOME RATIO: 33
MISCELLANEOUS COMMENTARY: Completely unexpected as my wife's car's brakes went out and it was an 07. No money down (as we planned to save up for next year.) No trade in as we will sell the old vehicle privately.

Message 3881 of 3,977
Valued Member

Re: Auto Loan Approvals!

APPROVING BANK: JP Morgan Chase
BUREAU PULLED: Equifax
CREDIT SCORE: 682
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2013
MAKE: Honda
MODEL: CR-V
MILEAGE: 38,126
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $18,792
TERM CONTRACTED: 72 months
APR/LEASE RATE: 7.59%
MONTHLY PAYMENT: $326.75
ANNUAL INCOME: $50,000
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Went to my local Toyota for an oil change on my '08 Matrix @ 74k mi. Started browsing to kill time and saw this beauty... One owner, leather, bluetooth, backup camera, looked like it just came off of the line. Fiance is taking a new job farther away from home so getting a second car was timely. Had no documents on me except my id's so 7.59% was the best offer I could get, 5.99% with proof of income which would have taken at least another week with my schedule. Got a 6 year service contract (pretty much bumper-to-bumper), theft insurance and identity protection, and Gap. Put 2k down. I'm VERY happy!

Fico: Beginning 506 (11/2013)
TU 619 (10/2015)
1/2017: Equifax 659, TU 655, Experian 642
Mortgage middle: TU 630
Goal 700 (but will settle for mortgage 640)

Current: TU 665 Oct '17
Message 3882 of 3,977
Highlighted
Valued Contributor

Re: Auto Loan Approvals!

DW was approved as follows"

 

2018 Wrangler S Sport

 Price 42,000 plus tax

Miles 7

Amount Financed 35,000

Term 60 months

Navy Federal

Rate 2.99%

Payments are over $600

But we will selling her old Jeep and refi in next 60 days reducing payments to $400

We will pick up new Jeep probably next Monday 

Dealership 130ish miles away

Score 750 -760 range

 

Message 3883 of 3,977
New Visitor

Re: Auto Loan Approvals!

APPROVING BANK: VW Credit
BUREAU PULLED:EQ, TU, EX
CREDIT SCORE:648 EQ 645 TU 655 EX AUTO 8
CUSTOMER STATE OF RESIDENCES: NC
NEW/USED:new
YEAR OF VEHICLE:2018
MAKE: Volkswagen
MODEL: Jetta SE Sport
MILEAGE: 20
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 28176.00
TERM CONTRACTED: 72
APR/LEASE RATE: 9.75%
MONTHLY PAYMENT: 510.00
CREDIT UTILIZATION: 25%
MISCELLANEOUS COMMENTARY: Trade in rolled over 6,000 in negative equity before 2,000 down. 4 year perfect auto history. Past mistakes 3.5 years old or older. Went from 18.5% 9 months ago to 9.75%. Been working hard on repairing credit, thanks to these forums.
Message 3884 of 3,977
Established Member

Re: Auto Loan Approvals!

APPROVING BANK: Ford Credit
BUREAU PULLED: All Three 
CREDIT SCORE: Averaged 820 between all three credit bureaus
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: NEW
YEAR OF VEHICLE: 2016
MAKE: Ford
MODEL: Mustang GT (fully loaded and included extended warranty and gap insurance)
MILEAGE: 1
RETAIL/LEASE:  Retail
AMOUNT OF LOAN: $48,000
TERM CONTRACTED: 5 Years
APR/LEASE RATE: 0% APR
MONTHLY PAYMENT: $815
ANNUAL INCOME: Above $90K
DEBT TO INCOME RATIO: Low
MISCELLANEOUS COMMENTARY:

Chase Sapphire Preferred $19K
San Mateo Credit Union $22K
Citi Double Cash $23K
Chase Freedom $5K
Fico Score as of April 2016:
EX-833 EQ-825 TU-817
Recent Bankcard Score- 863
Message 3885 of 3,977
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Blinker Direct, LLC
BUREAU PULLED: Experian
CREDIT SCORE: 614 according to Experian
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Refinance
YEAR OF VEHICLE: 2012
MAKE: Toyota
MODEL: Sienna
MILEAGE: 114,400
RETAIL/LEASE:  Retail
AMOUNT OF LOAN: 16,873
TERM CONTRACTED: 3 years, 8 months
APR/LEASE RATE: 7.89%
MONTHLY PAYMENT: $450
MISCELLANEOUS COMMENTARY: BK discharged 2.5 weeks ago.  Lowered rate from 18.9 and term by 13 months.  Payment went up $14 a month.  Well worth it!

Message 3886 of 3,977
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: DCU
BUREAU PULLED: Equifax 5 
CREDIT SCORE: 701
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: NEW
YEAR OF VEHICLE: 2018
MAKE: Toyota
MODEL: Camry XSE (with panaramic roof)
MILEAGE: 17
RETAIL/LEASE:  Retail
AMOUNT OF LOAN: $23, 900 (Had a $2500 trade in value)
TERM CONTRACTED: 65 months
APR/LEASE RATE: 2.74% APR
MONTHLY PAYMENT: $397
ANNUAL INCOME: $60K
DEBT TO INCOME RATIO: Low
MISCELLANEOUS COMMENTARY:

 

This was my first solo auto loan!  Very proud!

Starting Score: 530EQ, 531TU, 514EX (0/2016)
Current Score: 686EQ, 710TU, 686EX (03/2017)
Goal Score: 750+ (01/2018)


Take the myFICO Fitness Challenge
Message 3887 of 3,977
Community Leader
Senior Contributor

Re: Auto Loan Approvals!


@Washin17 wrote:

APPROVING BANK: DCU
BUREAU PULLED: Equifax 5 
CREDIT SCORE: 701
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: NEW
YEAR OF VEHICLE: 2018
MAKE: Toyota
MODEL: Camry XSE (with panaramic roof)
MILEAGE: 17
RETAIL/LEASE:  Retail
AMOUNT OF LOAN: $23, 900 (Had a $2500 trade in value)
TERM CONTRACTED: 65 months
APR/LEASE RATE: 2.74% APR
MONTHLY PAYMENT: $397
ANNUAL INCOME: $60K
DEBT TO INCOME RATIO: Low
MISCELLANEOUS COMMENTARY:

 

This was my first solo auto loan!  Very proud!


Congrats on your new ride.  The new Camry is pretty slick...they're starting to look more and more like a Lexus...

Message 3888 of 3,977
Established Member

Re: Auto Loan Approvals!

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: Fico Auto Score 9: 637 Fico Score 8: 601
CUSTOMER STATE OF RESIDENCE: IL
NEW/USED: Used
YEAR OF VEHICLE: 2014
MAKE: Dodge
MODEL: Ram 1500 Big Horn
MILEAGE: 41000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $25000
TERM CONTRACTED: 72mo
APR/LEASE RATE: 6.8%
MONTHLY PAYMENT: $426
ANNUAL INCOME: $113k
DEBT TO INCOME RATIO: 10%
MISCELLANEOUS COMMENTARY: I love Pen Fed! 

Starting Score: 576EQ, 594EX, 591TU
Current Score: 616EQ, 636EX, 613TU (05/2018)
Goal Score: 700


Take the myFICO Fitness Challenge
Message 3889 of 3,977
Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Bethpage
BUREAU PULLED: Experian
CREDIT SCORE: 701 (MyFico said 686 the day I applied)
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: USED
YEAR OF VEHICLE: 2013
MAKE: BMW
MODEL: 750Li
MILEAGE: 68720
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $20539.00
TERM CONTRACTED: 60 months
APR/LEASE RATE: 7.49
MONTHLY PAYMENT: 411.16
ANNUAL INCOME: $92,500.00
DEBT TO INCOME RATIO: 14%
MISCELLANEOUS COMMENTARY: My credit score generated April 1st, I applied and was approved April 3rd. Initially was denied because of short credit history, reconned and they offered a 1st time buyer program. GREAT customer service; if you are rebuilding/new to credit and want to avoid predatory lenders I HIGHLY recommend BethPage. 

Rebuilding since 1/18: NavyFed CashRewards $3700 | Cap1 ̶P̶l̶a̶t̶ QuickSilver $750 ($300 SL) | Credit1 $450 ($300 SL) | Express $250 | NavCheck $10K

FICO 4/18: EX 686 | TU 694 | EQ 692
Message 3890 of 3,977