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@southernblueeyes wrote:APPROVING BANK: Acura Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 737SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Acura
MODEL: TLX Type S
MILEAGE: 7
FINANCE/LEASE: FinancePURCHASE PRICE: $75,075
AMOUNT OF LOAN: $75,075
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 7.99%
MONTHLY PAYMENT: $1,314
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 30%
MISCELLANEOUS COMMENTARY: Planning on refinancing with NFCU.
Refinanced with NFCU at 4.79%
Monthly payment for 72 months $1138
APPROVING BANK: BMW FS
BUREAU PULLED: Experian
CREDIT SCORE: 794
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: Texas
NEW/USED: Used
YEAR OF VEHICLE: 2021
MAKE: BMW
MODEL: 330e
MILEAGE: 30k
FINANCE/LEASE: Finance
PURCHASE PRICE: $32k
AMOUNT OF LOAN: $17546
TERM CONTRACTED: 36month
APR/LEASE RATE: 3.99
MONTHLY PAYMENT: $552
ANNUAL INCOME: $260k
DEBT TO INCOME RATIO: with mortgage and this car 18%
MISCELLANEOUS COMMENTARY: very easy process and happy with the car
@southernblueeyes wrote:
@southernblueeyes wrote:APPROVING BANK: Acura Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 737SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Acura
MODEL: TLX Type S
MILEAGE: 7
FINANCE/LEASE: FinancePURCHASE PRICE: $75,075
AMOUNT OF LOAN: $75,075
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 7.99%
MONTHLY PAYMENT: $1,314
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 30%
MISCELLANEOUS COMMENTARY: Planning on refinancing with NFCU.Refinanced with NFCU at 4.79%
Monthly payment for 72 months $1138
The bank wasn't spooked at the finance amount vs the annual income? Do you have a history of large auto payments? That payment is a doozy.
@dfwxjer wrote:
@southernblueeyes wrote:
@southernblueeyes wrote:APPROVING BANK: Acura Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 737SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Acura
MODEL: TLX Type S
MILEAGE: 7
FINANCE/LEASE: FinancePURCHASE PRICE: $75,075
AMOUNT OF LOAN: $75,075
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 7.99%
MONTHLY PAYMENT: $1,314
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 30%
MISCELLANEOUS COMMENTARY: Planning on refinancing with NFCU.Refinanced with NFCU at 4.79%
Monthly payment for 72 months $1138
The bank wasn't spooked at the finance amount vs the annual income? Do you have a history of large auto payments? That payment is a doozy.
Not OP, but on that subject. Never had an auto loan higher than 35k. Last year got a 2018 Nissan GT-R Nismo. Purchase price was around $175k. I put down 35k.
Bank of America picked it up at 8% over 72 months $2450/month
6 months later refinanced with NavyFed at like 5% with 20k more down. I think the payment is now like $1600
Annual income is around $500k in a lower cost of living area, no debt other than mortgage on a modest house and that is on a 15yr mortage at 2.25%
@LivingOnCredit wrote:Not OP, but on that subject. Never had an auto loan higher than 35k. Last year got a 2018 Nissan GT-R Nismo. Purchase price was around $175k. I put down 35k.
Bank of America picked it up at 8% over 72 months $2450/month
6 months later refinanced with NavyFed at like 5% with 20k more down. I think the payment is now like $1600
Annual income is around $500k in a lower cost of living area, no debt other than mortgage on a modest house and that is on a 15yr mortage at 2.25%
~$140k loan against $500k in income is a whole lot easier for a bank to stomach. Especially on a niche vehicle.
$75k against $80k income on a car that's maybe worth $45k is wild to me. I'm not even sure how a new TLX got driven up to $75k unless there's significant negative equity which would be on brand for that type of deal.
APPROVING BANK: Upstart REFI
BUREAU PULLED: Transunion
CREDIT SCORE: 751
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: Used
YEAR OF VEHICLE: 2022
MAKE: Ford
MODEL: F250 Latiat
MILEAGE: 65k
FINANCE/LEASE: Finance
PURCHASE PRICE: $61000~ a month ago
AMOUNT OF LOAN: $57700
TERM CONTRACTED: 78
APR/LEASE RATE: 7.78
MONTHLY PAYMENT: $945
ANNUAL INCOME: $130k
DEBT TO INCOME RATIO: 19% including this payment
MISCELLANEOUS COMMENTARY: second refi through upstart.
APPROVING BANK: Altura Credit Union
BUREAU PULLED: EX
CREDIT SCORE: 761
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2021
MAKE: Jeep
MODEL: Cherokee
MILEAGE: 45k
FINANCE/LEASE: Finance
PURCHASE PRICE: $20k
AMOUNT OF LOAN: $18k
TERM CONTRACTED: 60 Mos
APR/LEASE RATE: 6.44
MONTHLY PAYMENT: $351
ANNUAL INCOME: $190k
DEBT TO INCOME RATIO: 26%
MISCELLANEOUS COMMENTARY: Needed to offload a problematic Tesla, dealer paid the highest and I put enough down to cover the negative equity (roughly $10k) and a little more. Wanted to buy a new truck but couldn't bring myself to sped the money for a new one. Will eventually hand this to my 16 year old and get a truck, just too cheap to do it right now lol
APPROVING BANK: Navy Federal
BUREAU PULLED: EQ
CREDIT SCORE: 821
SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Chevrolet
MODEL: Tahoe
MILEAGE: 3
FINANCE/LEASE: Finance
PURCHASE PRICE: $89k
AMOUNT OF LOAN: $54k
TERM CONTRACTED: 36 Mos
APR/LEASE RATE: 4.09
MONTHLY PAYMENT: $1628
ANNUAL INCOME: Enough
DEBT TO INCOME RATIO: 3%
MISCELLANEOUS COMMENTARY: They seemed to have the best rate. Dealer wanted me to use C1....but their rate was 7.75?! Insanity.