Auto Loan Approvals!

[sphinx313]

APPROVING BANK: Local Healthcare Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 661

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Tesla
MODEL: Model 3 Performance
MILEAGE: 0?
FINANCE/LEASE: Finance

PURCHASE PRICE: $59,190
AMOUNT OF LOAN: ~$47,500
TERM CONTRACTED: 72 months
APR/LEASE RATE: 4.45%
MONTHLY PAYMENT: $1,500 (By choice. $750 actual.)
ANNUAL INCOME: $en,ough.
DEBT TO INCOME RATIO: ~11%.
MISCELLANEOUS COMMENTARY: Trading in 2020 Camaro 2SS for more than I paid for it 3 months ago. Wish I could get my CU to go lower but given that I was CH.7 in 2019 I cannot really complain.

[Anonymous]

APPROVING BANK: TFS (Toyota)
BUREAU PULLED: Transunion
CREDIT SCORE: 699

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2019
MAKE: Toyota
MODEL: RAV4 XLE
MILEAGE: 17,328
FINANCE/LEASE: Finance

PURCHASE PRICE: $33,288
AMOUNT OF LOAN: $19,600
TERM CONTRACTED: 60 months
APR/LEASE RATE: 2.99%
MONTHLY PAYMENT: $394
ANNUAL INCOME: ~$40K
DEBT TO INCOME RATIO: ~17%.
MISCELLANEOUS COMMENTARY: Traded in a 2016 Corolla S Plus--I bought it in March of 2019 for $16K OTD, put down $5500 and financed $10,600 with Ally on a 48 month term with a 10.99% APR (I had a 580 credit score at the time). Made 14 on time payments and then refinanced with Chase at 6.5% APR. The payoff quote with Chase as of yesterday was $3,900. I also slapped on a good 18K miles since I bought it. Well, with the shortage going on, I thought I would price my car out and low and behold, Toyota offered me a whopping $15,200 (Sticker price was $14,600 in 2019) for my Corolla and I was at the dealership in an hour. Ended up having ~$11K in equity after payoff so I put that down. But super excited!!!

[babygirl1256]

@Schoolbuskid I'm wondering if I can get that kind of deal  . . . may be looking for auto loan soon.

[Gladius]

APPROVING BANK: NFCU
BUREAU PULLED: ? 
CREDIT SCORE: EQ:  766   TU:  756    EX:  754 

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: NEW
YEAR OF VEHICLE: 2021
MAKE: Jeep
MODEL: Wrangler Sahara High Altitude
MILEAGE: 12
FINANCE/LEASE: Finance

PURCHASE PRICE: $56021
AMOUNT OF LOAN: $56021
TERM CONTRACTED: 84 Months 
APR/LEASE RATE: 4.69%
MONTHLY PAYMENT: $790
ANNUAL INCOME: $130K
DEBT TO INCOME RATIO: <30%
MISCELLANEOUS COMMENTARY: 

[babygirl1256]

@Gladius Woo Hoo . . . that's nice . . . we do things big in Texas!!!

[Loquat]

Very nice @Gladius and congrats on the new vehicle.  Perfect vehicle just in time for summer!!  Enjoy!

[spiritcraft1]

DW's approval. 

APPROVING BANK: Baxter Credit Union
BUREAU PULLED: Transunion
CREDIT SCORE: 794 F08

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Illinois
NEW/USED: Certified Used
YEAR OF VEHICLE: 2019
MAKE: Volvo
MODEL: V90
MILEAGE: 25k
FINANCE/LEASE: Finance

PURCHASE PRICE: $52,288
AMOUNT OF LOAN: ~$50000
TERM CONTRACTED: 60 months
APR/LEASE RATE: 1.62%
MONTHLY PAYMENT:  Not sure yet
ANNUAL INCOME: $157,200.
DEBT TO INCOME RATIO: ~12%.
MISCELLANEOUS COMMENTARY: Custom V90 T6 Polestar Inscription off lease trade in (not a Cross Country).  This was owned by one of those rare birds that traveled to Sweden to customize this car.  It has every imaginable option and an unlimited milage, 10 year Volvo CPO and extended warranty.  Rate includes True Car Discount of .5% and BCU discount for having a card and $500 DD.  Loan was an absolute piece of cake.   We financed a couple cars there before our credit downfall.  She has a perfect history with BCU.  We have driven older, used paid off cars since 2003, this will be a change.

[TryItAgain]

APPROVING BANK: Lending Club
BUREAU PULLED: Transunion (unsure which version)
CREDIT SCORE: 710
SOFT PULL/HARD PULL: SP (So far SP but now loan is done expecting possible HP to happen)

  *Update* 06-05 HP TU After Loan Completed
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Near New (under 7500 miles still)
YEAR OF VEHICLE: 2020
MAKE: Tesla
MODEL: Model Y Long Range
MILEAGE: 7000
FINANCE/LEASE: RE-Finance (not sure if they only do re-fi or if new loans also)
Original/Initial Purchase Loan Amount: $59125.73 (Original NFCU $1110.49/60mo 4.69%)
AMOUNT OF Re-Finiance LOAN: $50,872.12
TERM CONTRACTED: 61
APR/LEASE RATE: 2.99%
MONTHLY PAYMENT: $899.98
ANNUAL INCOME: $225,000
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY:

This is an updated Re-Finance of my new Tesla purchased through NFCU last Sept 2020 to decrease the rate from 4.69% to 2.99% and lower my payment for DTI reasons.  I did not even know Lending Club did auto loans, but hey, here ya go...

Very painless process, soft-pull pre-qualify starting rate and payment everything, very slick.  No POI was requested, but I have had 4-5 prior loans paid off with LC so already have great history there, YMMV.

As for the Tesla, still lovin it, the car is fantastic.

[Anonymous]

APPROVING BANK: Honda Financial
CREDIT SCORE: 789
Honda CRV EX L 2021

Out of door price 34000

Down 3000

Rate 2.9%/72 months

470 monthly payment

Milage 3 direct from factory waited 2 days for delivery.

I tried BoA, and got pending for aplication, score was 799, same day later I applied thru Honda score was 789. When I finish everything, got an email from BoA, approved, 2.7%

Income 40 000, DTI with car payment 47%, day before car bought house. 

[daveg38]

APPROVING BANK: Hyundai Motor Finance
BUREAU PULLED: Transunion
CREDIT SCORE: 631

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Indiana
NEW/USED: New
YEAR OF VEHICLE: 2022
MAKE: Hyundai
MODEL: Tucson
MILEAGE: 26
FINANCE/LEASE: Finance

PURCHASE PRICE: $30192
AMOUNT OF LOAN: ~$25192
TERM CONTRACTED: 84 months
APR/LEASE RATE: 6.0%
MONTHLY PAYMENT: $402
ANNUAL INCOME: sufficient
DEBT TO INCOME RATIO: ~42%.
MISCELLANEOUS COMMENTARY: My F-150 was becoming a money pit. They gave me $5k for it with 70k miles on it. Honestly surprised to get captive financing and happy! Had to get a Tier bump to get the 6.0%. Paid for an extended warranty. Overall, very stoked.