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@Anonymous wrote:How was your model y price so low? I thought hey stars at 49k for awd
@Anonymous wrote:APPROVING BANK: NFCU
BUREAU PULLED: TU
CREDIT SCORE: 658SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Tesla
MODEL: Model Y
MILEAGE: 0
FINANCE/LEASE: FInancePURCHASE PRICE: $44,290
AMOUNT OF LOAN: $47,484 (Purchase price + tax, registration, doc, etc.)
TERM CONTRACTED: 72
APR/LEASE RATE: 4.29%
MONTHLY PAYMENT: $749
MISCELLANEOUS COMMENTARY: I'm still in rebuild mode and applied for a refinance of a Capital One auto loan (Early 2020 for $26K) that was over 10% APR and was declined to be refinanced but was approved for $50K on a new car (**bleep**?). I'm going to sell that car (Shift gave the best offer out of Carvana, Vroom, Shift and Carmax) and keep the positive equity I have in it. I have 2 credit cards with NFCU that are over a year old. Also, buying from Tesla is crazy. I ordered my car online today with a 2-6 week delivery window and it was updated to be delivered within 4 days.
APPROVING BANK: Pen Fed
BUREAU PULLED: EQ F9
CREDIT SCORE: 737
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: GMC
MODEL: Sierra 1500
MILEAGE: 5
FINANCE/LEASE: FInance
PURCHASE PRICE: $44,250
AMOUNT OF LOAN: $48995
TERM CONTRACTED: 72
APR/LEASE RATE: 3.39%
MONTHLY PAYMENT: $753
Hi all, first time buyer here. I applied for loans through USAA, NFCU, PFCU, and CAP1. USAA has given the best rate and offer amount at 3.39APR 72 Months $40K (even though I asked for 35K). NFCU gave me less than I asked for at 28K with 8.19APR. PFCU hasn't decided and CAP1 gave me 25K with 13APR.
I haven't bought the car yet, but am looking at a 2019 Camaro 2SS, is a 3.39APR good? I read the car buying threads here, should I attempt to get the dealer to get me a better financing price despite it being used (if thats even possible)? I filled out the info below even though I haven't finalized the purchase yet. Thanks all.
APPROVING BANK: USAA
BUREAU PULLED: EXPERIAN
CREDIT SCORE: 681
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: Used
YEAR OF VEHICLE: 2019
MAKE: Chevy
MODEL: Camaro 2SS 2019
MILEAGE: 12000
FINANCE/LEASE: Finance
PURCHASE PRICE: $35,000
AMOUNT OF LOAN: $40,250
TERM CONTRACTED: 72
APR/LEASE RATE: 3.39%
MONTHLY PAYMENT: $538
with 681 would bet 3.39% is hard to beat.....maybe not impossible but tough for sure
depends where they pull from as well .....navy pulls TU 8 or 9 and pen fed uses EQ 9
so take that into acct when searching for lenders
APPROVING BANK: Veridian Credit Union
BUREAU PULLED: TU
CREDIT SCORE: 720
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: MN
NEW/USED: Used (Certified)
YEAR OF VEHICLE: 2020
MAKE: Honda
MODEL: Ridgeline
MILEAGE: 4500
FINANCE/LEASE: Finance
PURCHASE PRICE: $39,995
AMOUNT OF LOAN: $ 46,333
TERM CONTRACTED: 84 months
APR/LEASE RATE: 5.19
MONTHLY PAYMENT: $ 660
ANNUAL INCOME: $160,000
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: Could have probably gotten a better rate with our scores but we had a lot of negative equity in our trade-in. But our old loan was around 11% so just getting down to a bit over 5% is a win for us. Was offered a lower rate for 72 months but this kept our payment about the same.
APPROVING BANK: Wings Financial Credut Union
BUREAU PULLED: EX
CREDIT SCORE: 675 (looks like they used FICO 2)
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: MN
NEW/USED: Used Travel Trailer (Refi)
YEAR OF VEHICLE: 2020
MAKE: Starcraft
MODEL: Autumn Ridge
MILEAGE: N/A
FINANCE/LEASE: Finance
PURCHASE PRICE: $12,000
AMOUNT OF LOAN: $12,000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.49
MONTHLY PAYMENT: $ 220
ANNUAL INCOME: $160,000
DEBT TO INCOME RATIO: Unknown
MISCELLANEOUS COMMENTARY: This is actually a refinance of a travel trailer we purchased last year (and got an 18% rate at the time - OUCH!) Joint app w/wife - her score was 740ish
APPROVING BANK: Nutmeg Financial CU
BUREAU PULLED: TU Fico 8
CREDIT SCORE: 748
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Connecticut
NEW/USED: Private Party
YEAR OF VEHICLE: 2020
MAKE: Tesla
MODEL: Y LR AWD
MILEAGE: 2500
FINANCE/LEASE: Finance
PURCHASE PRICE: $43,687
AMOUNT OF LOAN: $44,359 (GAP & other fees)
TERM CONTRACTED: 60
APR/LEASE RATE: 1.99%
MONTHLY PAYMENT: $778
MISCELLANEOUS COMMENTARY: Was going to go thru DCU but they pull EQ Fico 4 mortgage and that score was 680 and DCU needs 730 for best rates.
APPROVING BANK: Taleris Credit Union
BUREAU PULLED: TU
CREDIT SCORE: 611
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Ohio
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Chrysler
MODEL: Pacifica Hybrid
MILEAGE: 1775
FINANCE/LEASE: FInance
AMOUNT OF LOAN: $41,406
TERM CONTRACTED: 72
APR/LEASE RATE: 3.475
MONTHLY PAYMENT: $738
Refinanced my Regional Acceptance loan during the Credit Union's "cut your rate in half" promo. BK7 discharge in December 2020. Great CU to work with if you live in the Cleveland area.
APPROVING BANK: DCU
BUREAU PULLED: EQ
CREDIT SCORE: 703
SOFT PULL/HARD PULL: Soft
CUSTOMER STATE OF RESIDENCE: Florida
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Jeep
MODEL: 2 Door Rubicon
MILEAGE: 18
FINANCE/LEASE: Finance
AMOUNT OF LOAN: $36,052
TERM CONTRACTED: 65
APR/LEASE RATE: 2.24
MONTHLY PAYMENT: $589.51
ANNUAL INCOME: $65,000 (base, actual is more, but I budget on what's guaranteed)
DEBT TO INCOME RATIO: 19%
MISCELLANEOUS COMMENTARY: MSRP was $40,810, discounted down to $37,500. This is a base model Rubicon, no options other then color and factory mud tires. Soft top 2 door with a manual, bit of a unicorn and a dream vehicle. This is also my first new car purchase and very excited for it. I opted for the mopar all weather mats and locking lug nuts for an extra $257. They allowed me to put $2,000 down via credit card and I will pay taxes/registration when I return to my home state. I also purchased GAP through DCU for $295.
APPROVING BANK: Kia Motors Finance
BUREAU PULLED: Equifax Auto 8
CREDIT SCORE: 727
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Sorento
MODEL: SX
MILEAGE: 50
FINANCE/LEASE: Finance
PURCHASE PRICE: $39,700
AMOUNT OF LOAN: $42,349, TTL, Doc Fee
TERM CONTRACTED: 60
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $740
ANNUAL INCOME: $90K
DEBT TO INCOME RATIO: 33%
MISCELLANEOUS COMMENTARY: This forum helped me look for everything I was supposed to look out for. Sale price originally was $43K without the TTL & fees. Kia has a March special on Sorento's 1.9%. APR for Top Tier. 720+ he originally offered me 4.5% APR with dealer discounts but I definitely wanted the 1.9% rate, and they still threw in the discounts. I also only ended up with 2 inquires.