Auto Loan Approvals!

[jada0607]

APPROVING BANK: Capital One
BUREAU PULLED: All three
CREDIT SCORE: TU: 529, EQ: 599
CUSTOMER STATE OF RESIDENCE: MS
NEW/USED: New
YEAR OF VEHICLE: 2010

MAKE: Hyundai

MODEL: Accent
MILEAGE: 31
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16000
TERM CONTRACTED: 72 months
APR/LEASE RATE: 17.40%
MONTHLY PAYMENT: $363
MISCELLANEOUS COMMENTARY: Horrible terms and not the car I wanted.  I wanted the Hyundai Elantra.  But I still have a lot of baddies on my reports and I only had $1000 to put down.  Dealer tried to get me in the Elantra, but the down payment hindered the approval.  Was originally gonna wait until June when I could put down more, but transmission blew in my Dad's truck so our household was sharing 2 vehicles between 4 people and it was getting to be too much of a hassle for everyone.  So I decided to see if I could get approved with my low scores and low down payment.  Thankfully I did, even though the terms are unsatisfactory.  Will refinance in a year.

[Anonymous]

RHAL -

How do come up with a ~$693 payment on a 60 month 48,000 car loan at that rate?  I'd expect it to be over $900 a month.

Sean

[mom2girls]

This thread is to be used for your Auto Loan Approvals just copy and paste!. .

APPROVING BANK:FORT WORTH COMMUNITY CREDIT UNION

 BUREAU PULLED: TU

CREDIT SCORE: 651

CUSTOMER STATE OF RESIDENCE: TEXAS

NEW/USED: USED

YEAR OF VEHICLE:. 2008

MAKE:. HYAUNDAI

MODEL: SANTA FE

MILEAGE: 29800

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 17950

TERM CONTRACTED: 60 MONTHS

APR/LEASE RATE: 7.25

MONTHLY PAYMENT: 357

MISCELLANEOUS COMMENTARY:  We added a bumper to bumper 5 year warranty that covers every thing from window chips to door dings plus all all the other engine stuff (its used I wanted to be safe) for an additional $1758, we put $4000 down.  I was shocked at rate expected at least 12%  was very surprised, the finace guy said it looked like just old medical bills (which is true, trying to get those off.  if anything they all fall off by end of next year)

[RHAL]

I got a special loan that BMW only has. Well, I think BMW is the only dealer with one... Not sure... It is called a BMW Select loan. It is a baloon type loan, where you pay 59 regular payments and your final payment is a baloon. Like a lease only with financing. Pen Fed also has it and calls it the payment saver loan. I can either trade it in, pay it off, or refinance the baloon amount, but I am responsible for it. I love it!! I was able to afford the monthly payments on a car expensive enough to get rid of my negative equity. I plan on trading it in for a new one in 4 and a half years.

[Anonymous]

APPROVING BANK: PSECU
BUREAU PULLED: Exp
CREDIT SCORE: 614
CUSTOMER STATE OF RESIDENCE: OH
NEW/USED: Used
YEAR OF VEHICLE: Unknown but looking at a 2003

MAKE: Honda

MODEL: Element
MILEAGE: unknown
RETAIL/LEASE:
AMOUNT OF LOAN: 7500.00
TERM CONTRACTED: 48
APR/LEASE RATE: 3.99
MONTHLY PAYMENT: unknown
MISCELLANEOUS COMMENTARY: I haven't purchased yet, but just received my autodraft check from PSECU. I can't believe how easy it was and what a great rate I got with the score I have. I requested 7500.00 and that's what they gave me. Hopefully I won't have to use that much. I'm definitely buying a Honda Element...now I have 120 days to find the right one

[soliloquy]

This thread is to be used for your Auto Loan Approvals just copy and paste!. .

APPROVING BANK: AHFC (Honda)

 BUREAU PULLED: EQ

CREDIT SCORE: 673 (wish they were pulling TU instead but turned out yay!)

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED: NEW

YEAR OF VEHICLE:. 2011

MAKE:. HONDA

MODEL: CRV-LX FWD

MILEAGE: ?

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 24000

TERM CONTRACTED: 60 MONTHS

APR/LEASE RATE: 0.9

MONTHLY PAYMENT: Not sure yet...I haven't actually picked a car but this is my preapproval information

MISCELLANEOUS COMMENTARY: Honda guy told me they will give special financing if you have a credit score of 660 and above. That was a relief! I didn't have to wait another month!

[Anonymous]

Good job!  I too live in IL - are you in the Chicago area?  If so, what dealer did you get this great deal at?  I am in the market for a new vehicle.  Thanks.

[Anonymous]

APPROVING BANK: Bank of America
BUREAU PULLED: TU
CREDIT SCORE: TU 759 (TU Auto Enhanced 696) 
CUSTOMER STATE OF RESIDENCE: IL
NEW/USED: Used
YEAR OF VEHICLE: 2006

MAKE: Pontiac

MODEL: Grand Prix GXP V8
MILEAGE: 56K
RETAIL/LEASE: Retail
AMOUNT OF LOAN: $16,849
TERM CONTRACTED: 60 months
APR/LEASE RATE: 4.99%
MONTHLY PAYMENT: $317.96
MISCELLANEOUS COMMENTARY: Gave me what I asked for $0 down. Womdering what I could have gotten...:-)

[Anonymous]

Which dealership. I am in CA.

[Anonymous]

We just got approved at Toyota for 1.9 with a 654-in Oklahoma...was pretty surprised to get such a great rate!!!