Auto Loan Approvals!

[AmericanSkin]

APPROVING BANK: NFCU

BUREAU PULLED: Transunion
CREDIT SCORE: Fico 8 - 688, Fico 9 - 691

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: Kentucky
NEW/USED: New
YEAR OF VEHICLE: 2022
MAKE: BMW
MODEL: X3 M40i
MILEAGE: 0
FINANCE/LEASE: Finance

PURCHASE PRICE: 65k
AMOUNT OF LOAN: 62k
TERM CONTRACTED: 60
APR/LEASE RATE: 2.24%
MONTHLY PAYMENT: 1093
ANNUAL INCOME: 120k
DEBT TO INCOME RATIO: ~20%
MISCELLANEOUS COMMENTARY:

NFCU has been inordinately generous with my account. Joined SEP 21, opening savings and Flagship Checking, approved for the Flagship Rewards two weeks later (as my first card with them), and then applied for this loan three weeks later. Every time I've requested credit through them, I've fully expected to be denied but each has been an instant approval which is mind-boggling to me considering my current credit profile. Definitely a relationship bank, though admittedly my own time with them has been extremely short. Exceptional customer service both in branch and on the phone, and more military-friendly than I have ever experienced. 

Put a build sheet in today, dealer expects it to be complete in 5 weeks. Check from NFCU is valid for 90 days. 

[Loquat]

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@AmericanSkin wrote:

APPROVING BANK: NFCU

BUREAU PULLED: Transunion
CREDIT SCORE: Fico 8 - 688, Fico 9 - 691

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: Kentucky
NEW/USED: New
YEAR OF VEHICLE: 2022
MAKE: BMW
MODEL: X3 M40i
MILEAGE: 0
FINANCE/LEASE: Finance

PURCHASE PRICE: 65k
AMOUNT OF LOAN: 62k
TERM CONTRACTED: 60
APR/LEASE RATE: 2.24%
MONTHLY PAYMENT: 1093
ANNUAL INCOME: 120k
DEBT TO INCOME RATIO: ~20%
MISCELLANEOUS COMMENTARY:

NFCU has been inordinately generous with my account. Joined SEP 21, opening savings and Flagship Checking, approved for the Flagship Rewards two weeks later (as my first card with them), and then applied for this loan three weeks later. Every time I've requested credit through them, I've fully expected to be denied but each has been an instant approval which is mind-boggling to me considering my current credit profile. Definitely a relationship bank, though admittedly my own time with them has been extremely short. Exceptional customer service both in branch and on the phone, and more military-friendly than I have ever experienced. 

Put a build sheet in today, dealer expects it to be complete in 5 weeks. Check from NFCU is valid for 90 days. 

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Congrats on the approval and the new set of wheels.  Happy to hear that even while your time with NFCU has been short, that they've delivered for you each time you've asked.  I'm a member of NFCU as well and they are indeed a very easy place to work with.  

[AmericanSkin]

@Loquat Thanks much!  I know credit union reputations have an ebb and flow even with an organization as established as NFCU, so I'm certainly happy to be doing business with them and glad to hear they're treating you and so many others well. I'm indebted to the board here as I had minimal knowledge of credit workings prior to researching posts, and I wouldn't have been able to foster a relationship with Navy Fed without the data points on MyFICO. 

[StarraeAday1]

APPROVING BANK: Alliance Credit Union in Fenton, Missouri
BUREAU PULLED: TU
CREDIT SCORE: 685

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: Missouri, but I'm buying the car in Fort Collins, CO and driving it back.
NEW/USED: Used
YEAR OF VEHICLE: 2016
MAKE: Cadillac
MODEL: SRX Premium
MILEAGE: ~40k
FINANCE/LEASE: Finance

PURCHASE PRICE: $27,500.87
AMOUNT OF LOAN: $27,506.87
TERM CONTRACTED: 72 months
APR/LEASE RATE: 3.75%
MONTHLY PAYMENT: $428
ANNUAL INCOME: $58k
DEBT TO INCOME RATIO: 43%
MISCELLANEOUS COMMENTARY: I fly out in the morning, and pending any problems with the test drive, I'll be driving from Fort Collins, CO to St. Louis, MO starting sometime tomorrow afternoon!

[AeroKrix]

APPROVING BANK: Infiniti Financial Services IFS
BUREAU PULLED: TU & EX
CREDIT SCORE: 602

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2019
MAKE: Infiniti
MODEL: QX50
MILEAGE: 35,808
FINANCE/LEASE: Finance

PURCHASE PRICE: $32,588 
AMOUNT OF LOAN: $35,431
TERM CONTRACTED: 72 mo
APR/LEASE RATE: 5.99%
MONTHLY PAYMENT: 588
ANNUAL INCOME: $65K
DEBT TO INCOME RATIO: ~5%
MISCELLANEOUS COMMENTARY:

Initially I got the lowest rate from GLS at 7.49%, with $8K down. Sat down with the Finance Manage and he called IFS and was able to get me 5.99%, with $2K down. Shocked with all my 12 baddies still 4.5 yrs fresh, with a repo showing. The car is CPO, got the extended bumper-to-bumper warranty, GAP insurance, and covered maintenance for 30K miles. At the end, paid $3K down and OTD for $35.4K. 

[sccredit]

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@AeroKrix wrote:

APPROVING BANK: Infiniti Financial Services IFS
BUREAU PULLED: TU & EX
CREDIT SCORE: 602

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2019
MAKE: Infiniti
MODEL: QX50
MILEAGE: 35,808
FINANCE/LEASE: Finance

PURCHASE PRICE: $32,588 
AMOUNT OF LOAN: $35,431
TERM CONTRACTED: 72 mo
APR/LEASE RATE: 5.99%
MONTHLY PAYMENT: 588
ANNUAL INCOME: $65K
DEBT TO INCOME RATIO: ~5%
MISCELLANEOUS COMMENTARY:

Initially I got the lowest rate from GLS at 7.49%, with $8K down. Sat down with the Finance Manage and he called IFS and was able to get me 5.99%, with $2K down. Shocked with all my 12 baddies still 4.5 yrs fresh, with a repo showing. The car is CPO, got the extended bumper-to-bumper warranty, GAP insurance, and covered maintenance for 30K miles. At the end, paid $3K down and OTD for $35.4K. 

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We have a 2019 QX50 lease that we return in 17 days. The extended warranty was a smart move. Congrats, enjoy the QX50 and try to keep it out of sport mode. 

[AeroKrix]

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@sccredit wrote:

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@AeroKrix wrote:

APPROVING BANK: Infiniti Financial Services IFS
BUREAU PULLED: TU & EX
CREDIT SCORE: 602

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: USED
YEAR OF VEHICLE: 2019
MAKE: Infiniti
MODEL: QX50
MILEAGE: 35,808
FINANCE/LEASE: Finance

PURCHASE PRICE: $32,588 
AMOUNT OF LOAN: $35,431
TERM CONTRACTED: 72 mo
APR/LEASE RATE: 5.99%
MONTHLY PAYMENT: 588
ANNUAL INCOME: $65K
DEBT TO INCOME RATIO: ~5%
MISCELLANEOUS COMMENTARY:

Initially I got the lowest rate from GLS at 7.49%, with $8K down. Sat down with the Finance Manage and he called IFS and was able to get me 5.99%, with $2K down. Shocked with all my 12 baddies still 4.5 yrs fresh, with a repo showing. The car is CPO, got the extended bumper-to-bumper warranty, GAP insurance, and covered maintenance for 30K miles. At the end, paid $3K down and OTD for $35.4K. 

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We have a 2019 QX50 lease that we return in 17 days. The extended warranty was a smart move. Congrats, enjoy the QX50 and try to keep it out of sport mode. 

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Thanks! With cars now packed with so much tech, extended warranty is a must. 

[Ghost_host999]

So excited! Took a long ride from NH to NJ to get my new car this weekend   I've been driving my current vehicle since 2015 and was so ready for something newer! 

APPROVING BANK: Truist (formerly BB&T)

BUREAU PULLED: Transunion Auto 8 
CREDIT SCORE: 701

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: NH but vehicle was purchased in NJ 
NEW/USED: Used
YEAR OF VEHICLE: 2020
MAKE: Mercedes Benz 
MODEL: GLB 250
MILEAGE: 3758
FINANCE/LEASE: Finance

PURCHASE PRICE: 45995
AMOUNT OF LOAN: 30990
TERM CONTRACTED: 60
APR/LEASE RATE: 3.19
MONTHLY PAYMENT: 559
ANNUAL INCOME: 69K
DEBT TO INCOME RATIO: <18%
MISCELLANEOUS COMMENTARY: Trade in was my paid off 2013 ML350 with 89900 miles, got $16000 for it. 

[Loquat]

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@Ghost_host999 wrote:

So excited! Took a long ride from NH to NJ to get my new car this weekend   I've been driving my current vehicle since 2015 and was so ready for something newer! 

APPROVING BANK: Truist (formerly BB&T)

BUREAU PULLED: Transunion Auto 8 
CREDIT SCORE: 701

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: NH but vehicle was purchased in NJ 
NEW/USED: Used
YEAR OF VEHICLE: 2020
MAKE: Mercedes Benz 
MODEL: GLB 250
MILEAGE: 3758
FINANCE/LEASE: Finance

PURCHASE PRICE: 45995
AMOUNT OF LOAN: 30990
TERM CONTRACTED: 60
APR/LEASE RATE: 3.19
MONTHLY PAYMENT: 559
ANNUAL INCOME: 69K
DEBT TO INCOME RATIO: <18%
MISCELLANEOUS COMMENTARY: Trade in was my paid off 2013 ML350 with 89900 miles, got $16000 for it. 

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@Ghost_host999 Congrats on your purchase.  I would definitely say that it was a drive worth taking.  Enjoy your new set of wheels. 

[CreditCardNinja]

APPROVING BANK: Comenity Bank
BUREAU PULLED: Equifax
CREDIT SCORE: 650ish

SOFT PULL/HARD PULL:  Hard Pull
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2021
MAKE: Toyota
MODEL: 2021 Rav 4
MILEAGE: 0
FINANCE/LEASE: Finance

PURCHASE PRICE: 27k +
AMOUNT OF LOAN: 27*
TERM CONTRACTED: 72
APR/LEASE RATE: 2.90%
MONTHLY PAYMENT: 441
ANNUAL INCOME:60k
DEBT TO INCOME RATIO:
MISCELLANEOUS/COMMENTARY

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