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APPROVING BANK: Navy FCU
BUREAU PULLED: Equifax
CREDIT SCORE: FICO Auto 5 (582)
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Used
YEAR OF VEHICLE: 2010
MAKE: Toyota
MODEL: Tundra
MILEAGE: $124,000
FINANCE/LEASE: Finance
PURCHASE PRICE: $17,700
AMOUNT OF LOAN: $15,400, Value $15,100
TERM CONTRACTED: 45 Months
APR/LEASE RATE: 7.09%
MONTHLY PAYMENT: $392
ANNUAL INCOME: $104,000
DEBT TO INCOME RATIO: 11%
MISCELLANEOUS COMMENTARY: I'd just gotten the vehicle financed through Bridgecrest at 22.259% less than a month ago and didn't think I had other options. I threw a hail Mary and NFCU came through big!
@Anonymous wrote:APPROVING BANK: BMW Financial Services
BUREAU PULLED: Experian
CREDIT SCORE: 735 (FICO Auto 8)SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: BMW
MODEL: M4cs (ClubSport)
MILEAGE: 33
FINANCE/LEASE: LeasePURCHASE PRICE: $105,745
AMOUNT OF LOAN: $25,730.28
TERM CONTRACTED: 36 months (30,000 miles)
APR/LEASE RATE: Money Factor .00165 (3.96% APR)
MONTHLY PAYMENT: $714.73 pre-taxed (7% in FL)
ANNUAL INCOME: $116,000 +10% annual bonus
DEBT TO INCOME RATIO: 31.12%
MISCELLANEOUS COMMENTARY: The 3.96% is BMW's lowest top-tier rates. I still have a public BK7 record which is scheduled to drop off this year. My regular FICO score is now 790 (2 weeks after picking up the car) due to paying off some credit cards. The vehicle was discounted by 26.46% with all rebates + dealer/BMWUSA discounts, with a residual of 57%. Who know you could lease a $105,745 car for that little? (relatively speaking of course, most are at least $1,200-$1,500 in lease payments with that MSRP).
Nicely done. A ton of car for that payment. You will have lots of fun with it. I strongly suggest at least one track day. The performance potential of that car can't be touched unless your on a track.
@dytch2220 wrote:
APPROVING BANK: Navy FCU
BUREAU PULLED: Equifax
CREDIT SCORE: FICO Auto 5 (582)
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: Used
YEAR OF VEHICLE: 2010
MAKE: Toyota
MODEL: Tundra
MILEAGE: $124,000
FINANCE/LEASE: Finance
PURCHASE PRICE: $17,700
AMOUNT OF LOAN: $15,400, Value $15,100
TERM CONTRACTED: 45 Months
APR/LEASE RATE: 7.09%
MONTHLY PAYMENT: $392
ANNUAL INCOME: $104,000
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: I'd just gotten the vehicle financed through Bridgecrest at 22.259% less than a month ago and didn't think I had other options. I threw a hail Mary and NFCU came through big!
Congrats on the refi ! What a huge win. Being in subprime land sucks (been there). Glad you were able to save a ton of cash on interest costs.
APPROVING BANK: American Honda Finance
BUREAU PULLED: Transunion
CREDIT SCORE: 693
SOFT PULL/HARD PULL: Dealership Hard pull
CUSTOMER STATE OF RESIDENCE: Connecticut
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Honda
MODEL: CRV EX
MILEAGE: 10
FINANCE/LEASE: Finance
PURCHASE PRICE: $36121.40
AMOUNT OF LOAN: $21578.77
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: $387.24
ANNUAL INCOME: $150000
DEBT TO INCOME RATIO: 27%
MISCELLANEOUS COMMENTARY: 2 prior auto loans paid off/on time, Traded in Vehicle valued: $9987.00
APPROVING BANK: NFCU
BUREAU PULLED: Equifax. ****updated****
CREDIT SCORE: 703
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: NJ
NEW/USED: Used
YEAR OF VEHICLE: 2016
MAKE: Mercedes Benz
MODEL: B250e
MILEAGE: 16000
FINANCE/LEASE: Finance
PURCHASE PRICE: $19995
AMOUNT OF LOAN: $16000
TERM CONTRACTED: 60 mos
APR/LEASE RATE: 5.29%
MONTHLY PAYMENT: $306
ANNUAL INCOME: > $80K
DEBT TO INCOME RATIO: 9%
MISCELLANEOUS COMMENTARY: Was discharged from BK13 yesterday. Was shocked at instant approval without spouse as co-signer.
Updated as I finally got the notice for HP.
APPROVING BANK: Bethpage FCU
BUREAU PULLED: Experian
CREDIT SCORE: 737
SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: Georgia
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Ford
MODEL: F150 XLT Sport 4x4
MILEAGE: 181
FINANCE/LEASE: Finance
PURCHASE PRICE: 46,500
AMOUNT OF LOAN: 43,500
TERM CONTRACTED: 96
APR/LEASE RATE: 4.34
MONTHLY PAYMENT: 541
ANNUAL INCOME: 60,000
DEBT TO INCOME RATIO: 22%
MISCELLANEOUS COMMENTARY: Bethpage was super easy to deal with and overnighted the check to dealer. I have been a customer with them for about 10 months...shares acct, draft acct and recently opened money market acct.
APPROVING BANK: BMW Financial Services
BUREAU PULLED: Experian (of course, lowest of the 3)
CREDIT SCORE: 630
SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: CPO
YEAR OF VEHICLE: 2019
MAKE: BMW
MODEL: X3 M40
MILEAGE: 4500
FINANCE/LEASE: Finance
PURCHASE PRICE: $52,000
AMOUNT OF LOAN: $47,000
TERM CONTRACTED: 60
APR/LEASE RATE: 5.19%
MONTHLY PAYMENT: $900
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: 1 year post Ch. 7 discharge, was happy with the overall process. Took 2 days to get the deal I wanted, first day I walked and they called me the 2nd day to "negotiate". Backstory - dealer ordered this vehicle for a customer, but apparently ordered it wrong and ended up having to purchase it. Service manager has been driving it since. I got lucky because it had all the packages I wanted - Premium, Executive, Active Driving/Parking Assist, etc
@dursty87 wrote:APPROVING BANK: BMW Financial Services
BUREAU PULLED: Experian (of course, lowest of the 3)
CREDIT SCORE: 630SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: CPO
YEAR OF VEHICLE: 2019
MAKE: BMW
MODEL: X3 M40
MILEAGE: 4500
FINANCE/LEASE: FinancePURCHASE PRICE: $52,000
AMOUNT OF LOAN: $47,000
TERM CONTRACTED: 60
APR/LEASE RATE: 5.19%
MONTHLY PAYMENT: $900
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: 1 year post Ch. 7 discharge, was happy with the overall process. Took 2 days to get the deal I wanted, first day I walked and they called me the 2nd day to "negotiate". Backstory - dealer ordered this vehicle for a customer, but apparently ordered it wrong and ended up having to purchase it. Service manager has been driving it since. I got lucky because it had all the packages I wanted - Premium, Executive, Active Driving/Parking Assist, etc
When the dealers order the car, the car belongs to them. If a deal falls through, which happens all the time on special ordered vehicles, the car goes to the lot or goes to auction. It only becomes stressful for the dealer if it fails to sell.