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Auto Loan Approvals!

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Member

Re: Auto Loan Approvals!

APPROVING BANK: Chase
BUREAU PULLED: TransUnion
CREDIT SCORE: 705

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Subaru
MODEL: Crosstrek
MILEAGE: 6
FINANCE/LEASE: Finance

PURCHASE PRICE: 30k
AMOUNT OF LOAN: 28k
TERM CONTRACTED: 72 mths
APR/LEASE RATE: 4.89% (they told me this was the best rate they are currently offering on the Crosstrek for 72 mths)
MONTHLY PAYMENT: $450
ANNUAL INCOME: 52k
DEBT TO INCOME RATIO: 17%
MISCELLANEOUS COMMENTARY: 

Message 3961 of 4,392
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Frequent Contributor

Re: Auto Loan Approvals!

I finally get to add my approval!

APPROVING BANK: Capital One
BUREAU PULLED: All 3
CREDIT SCORE: EX 575 TU 579 EQ 543
SOFT PULL/HARD PULL: Soft inquiring but later hard pull
CUSTOMER STATE OF RESIDENCE: AR
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: Buick
MODEL: Encore
MILEAGE: 5
FINANCE/LEASE: Finance
PURCHASE PRICE: 19436.80
AMOUNT OF LOAN: 19436.80
TERM CONTRACTED: 73 months
APR/LEASE RATE: 9.31%
MONTHLY PAYMENT: $354.73
ANNUAL INCOME: 57,640
MISCELLANEOUS COMMENTARY: My last auto loan was over 22% with the last $3K+ listed as a charge off effective March 2016.
Starting CK FAKOS 6/28/2018
TU 503
EQ 498
Discover EX 537

FICO 8
7/7/18 11/11/20
EQ 557 711
TU 566 701
EX 514 702

Mortgage Scores FICO 5,4,2
7/7/18 11/11/20
EQ 494 676
TU 480 704
EX 479 688

Goal Score 720
Message 3962 of 4,392
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Regular Contributor

Re: Auto Loan Approvals!

APPROVING BANK: US Bank
BUREAU PULLED: EQ
CREDIT SCORE: 779

SOFT PULL/HARD PULL:  Hard
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED:NEW
YEAR OF VEHICLE:2019
MAKE: Jeep
MODEL: Compass Limited 4x4
MILEAGE: 1
FINANCE/LEASE: Lease

PURCHASE PRICE:30,069
AMOUNT OF LOAN: 
TERM CONTRACTED:39
APR/LEASE RATE: N/A
MONTHLY PAYMENT:300.65
ANNUAL INCOME:
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: Got a good deal considering there were no Compass lease specials, payment from my civic went up only 20 bucks, credit was horrible 3 years ago.  Pulled ahead 6 months.  




Message 3963 of 4,392
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Established Member

Re: Auto Loan Approvals!

I guess the catch is i have to have a direct deposit to them to get the 4.49 percent rate instead of 4.99  I guess i got a good roll in my favor lol.  I have made all my payments a head and now i am pre approved for there lowest rate on my next auto loan of 2.49.  Sort of a hassle to deal with them since they are on the east coast, but overall worth it. Wont be looking for another vehicle for at least 3-6 months, in process of buying a house right now.

Message 3964 of 4,392
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New Contributor

Re: Auto Loan Approvals!

(This is for “Harmony”) Congrats. Wow. With 500’s you still got that low of an APR? Did you use the CapOne auto online thingy? (Which refers you to a dealer?). My question is, once at the dealer, what paperwork did they ask if you? POI? And which agency did they HP you from? My scores are all around 775 and 2.99% is the offer I’ve gotten for new. Most are 6%to10% APR with CapOne. 1.99% was Benz direct lease used. 2.99% new. Thanks for any advice. Cheers. BB
Message 3965 of 4,392
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Established Member

Re: Auto Loan Approvals!

Came in to add my preapproval as of 10/5; Good for 60 days; Might also try Tampa FCU and possibly DCU.

 

APPROVING BANK: Bethpage FCU
BUREAU PULLED: EX AUTO 8
CREDIT SCORE: 814 (Was told top tier is 730+)
SOFT PULL/HARD PULL: Hard pull
CUSTOMER STATE OF RESIDENCE: NY
NEW/USED: UNKNOWN
YEAR OF VEHICLE: UNKNOWN
MAKE: UNKNOWN
MODEL: UNKNOWN
MILEAGE: ~
FINANCE/LEASE: Finance
PURCHASE PRICE: ~
AMOUNT OF LOAN: 75,000
TERM CONTRACTED: Undecided, was told I qualified for the lowest APR rates across the board. 
APR/LEASE RATE: Will vary by term. Lowest possible for new car at 60 months is 2.74%. Max APR for used is 3.59% for 84 months

1st payment not due for 90 days
MONTHLY PAYMENT: ~
ANNUAL INCOME: 117,000
MISCELLANEOUS COMMENTARY: DTI 0.3%

10/10/18: FICO 08: EQ 783, TU 800, EX 806 ; UTI: 2%
09/10/18: FICO 08: EQ 782, TU 796, EX 803 ; UTI: 5%
08/10/18: FICO 08: EQ 779, TU 788, EX 794 ; UTI: 7%
07/10/18: FICO 08: EQ 776, TU 782, EX 782; UTI: 11%
05/10/18: FICO 08: EQ 750, TU 751, EX 751; UTI: 13%
04/10/18: FICO 08: EQ 738, TU 736, EX 744 ; UTI: 18%
03/10/18: FICO 08: EQ 724, TU 727, EX 735 ; UTI: 27%
02/10/18: FICO 08: EQ 703, TU 719, EX 723 ; UTI: 31%
Starting: 01/10/18 FICO O8: EQ 641, TU 648, EX 675 ; 82% UTI
The Good: Never Missed a payment; No baddies; 1 inq
Gardening since 11/2017
*Goal: EQ 800 TU 800 EX 800*
Message 3966 of 4,392
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Valued Member

Re: Auto Loan Approvals!

APPROVING BANK: PenFed
BUREAU PULLED: EQ
CREDIT SCORE: 747

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Oregon
NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Chevrolet
MODEL: Silverado
MILEAGE: 155,000
FINANCE/LEASE: Finance

PURCHASE PRICE: $12k
AMOUNT OF LOAN: $12k
TERM CONTRACTED: 48
APR/LEASE RATE: 3.74
MONTHLY PAYMENT: $256
ANNUAL INCOME: <100k
DEBT TO INCOME RATIO: 20%
MISCELLANEOUS COMMENTARY:     I was suprised that I was able to get a used auto loan at a low rate considering the age of and mileage on the vehicle.  I recently traded in my 2017 Silverado on a new SUV so now I have 2 vehicles and 2 loans.

Chap 13 dc Jan 2016. April Fico 8 scores 803EX, 819TU, 818EQ Cap 1 QS 5k / SGV $8.1/ Cap 1 V1 $11k / Amex ED $1k / Disc IT $14.2k / USAA Rate Advantage $23k / PenFed Defender $16k / Amex BCE $10k / NFCU GoRe $24k / Nordstrom VISA Signature $6.7k. / USAA Limitless $23k/ AMEX BCP $10k/ Navy Platinum $25k / Amazon Prime Rewards Visa $6k/ US Bank Platinum $500/ Citi Costco $14.5k / Amex Magnet $6k/ US Bank Cash+ $19.5 / Macys Amex $10k. Alliant CU Plat $7.5k.
2 Sync store cards and 3 Comenity store cards. NFCU CLOC $15k, NFCU Auto $23k @ 3.99 / local CU RV loan 20k @ 4.99 / PenFed Used Car Loan $12k @ 3.74% /
Message 3967 of 4,392
Valued Member

Re: Auto Loan Approvals!

APPROVING BANK: Alliant Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 821

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Ford
MODEL: Edge ST
MILEAGE: 10
FINANCE/LEASE: Financed

PURCHASE PRICE: 47k
AMOUNT OF LOAN: 25k
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 3.24
MONTHLY PAYMENT: $490
ANNUAL INCOME:
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:



Message 3968 of 4,392
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Established Member

Re: Auto Loan Approvals!

APPROVING BANK: VW Credit
BUREAU PULLED: TransUnion
CREDIT SCORE: 750

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Arizona
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Volkswagen
MODEL: S
MILEAGE: 18
FINANCE/LEASE: Financed

PURCHASE PRICE: 19800
AMOUNT OF LOAN: 22000
TERM CONTRACTED: 72
APR/LEASE RATE: 6.4
MONTHLY PAYMENT: 350
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: NA

 

DCU Auto $32,000 @ 3.99% | VW Credit $26,000 @ 6.4% | Kia Finance $33,000 @ 7%
Message 3969 of 4,392
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Frequent Contributor

Re: Auto Loan Approvals!

 

 

Starting CK FAKOS 6/28/2018
TU 503
EQ 498
Discover EX 537

FICO 8
7/7/18 11/11/20
EQ 557 711
TU 566 701
EX 514 702

Mortgage Scores FICO 5,4,2
7/7/18 11/11/20
EQ 494 676
TU 480 704
EX 479 688

Goal Score 720
Message 3970 of 4,392
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