APPROVING BANK: CentralOne FCU
BUREAU PULLED: EQ
CREDIT SCORE: 799
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE:MA
NEW/USED:New
YEAR OF VEHICLE:2019
MAKE: Subaru
MODEL: Impreza premium hatchback with pkg 13
MILEAGE: 10
FINANCE/LEASE: Finance
PURCHASE PRICE: 21500
AMOUNT OF LOAN: 20500
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.1%
MONTHLY PAYMENT: 377
ANNUAL INCOME: $82k
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:
Applied to 4-5 CU and Banks and got the local CU with best rates. Got the great deal on the car with lowest quotes from 8-10 dealer's around 200 miles and price matching with nearest dealer.
Dealer provided 4 accessories extra to beat the 2nd next dealer to get my business. That's making the deal even sweeter. Overall another great experience buying 2nd new car with all the tips and tricks found on this awesome website.
BUREAU PULLED: EQ
CREDIT SCORE: 799
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE:MA
NEW/USED:New
YEAR OF VEHICLE:2019
MAKE: Subaru
MODEL: Impreza premium hatchback with pkg 13
MILEAGE: 10
FINANCE/LEASE: Finance
PURCHASE PRICE: 21500
AMOUNT OF LOAN: 20500
TERM CONTRACTED: 60 months
APR/LEASE RATE: 3.1%
MONTHLY PAYMENT: 377
ANNUAL INCOME: $82k
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY:
Applied to 4-5 CU and Banks and got the local CU with best rates. Got the great deal on the car with lowest quotes from 8-10 dealer's around 200 miles and price matching with nearest dealer.
Dealer provided 4 accessories extra to beat the 2nd next dealer to get my business. That's making the deal even sweeter. Overall another great experience buying 2nd new car with all the tips and tricks found on this awesome website.
APPROVING BANK: Mercedes Benz Financial Services
BUREAU PULLED: TU FICO Auto 8
CREDIT SCORE: 741
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: Northern California
NEW/USED: Certified Pre-Owned
YEAR OF VEHICLE: 2016
MAKE: Mercedes Benz
MODEL: GLE350 4Matic
MILEAGE: 39,940
FINANCE/LEASE: Finance
PURCHASE PRICE: $37,238
AMOUNT OF LOAN: $42,447
TERM CONTRACTED: 48 months
APR/LEASE RATE: 1.99%
MONTHLY PAYMENT: $920
ANNUAL INCOME: $405K
DEBT TO INCOME RATIO: 16%
MISCELLANEOUS COMMENTARY: Traded in my 2012 Mercedes ML350 BlueTec (Value: $14,500, loan payoff: $17,375). Additional downpayment of $4,000. Loan includes 2-years Extended Warranty (MSRP $3,495; paid $2,800).
APPROVING BANK: Ford Motor Credit
BUREAU PULLED: FICO Auto 8 scores (all)
CREDIT SCORE: TU: 762; EX: 722; EQ: 751
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: Northern California
NEW/USED: New
YEAR OF VEHICLE: 2018
MAKE: Ford
MODEL: F150 Lariat Crew Cab 4x4
MILEAGE: 26
FINANCE/LEASE: Finance
PURCHASE PRICE: $44,495
AMOUNT OF LOAN: $48,785
TERM CONTRACTED: 72 months
APR/LEASE RATE: 0.0%
MONTHLY PAYMENT: $677
ANNUAL INCOME: $405K
DEBT TO INCOME RATIO: 16%
MISCELLANEOUS COMMENTARY: MSRP = $52,995. Ford dealer willing to bend over backwards on the last day of the year! Got discounts, rebates, and 0% APR through Ford Credit. My local dealer wasn't willing to negotiate; told me I'd never get both Ford rebates and 0% APR. I went to another dealer 30 miles away, where they proved far more flexible and interested in making a deal.
APPROVING BANK: Subaru Financial (Chase)
BUREAU PULLED: TU (Auto 9)
CREDIT SCORE: 788
SOFT PULL/HARD PULL: Hard (4 inq's= 1 from Chase + 1 from dealership for online pre-approval and & 1 from dealership + 1 from Chase for final purchase financing)
CUSTOMER STATE OF RESIDENCE: New York
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Subaru
MODEL: WRX
MILEAGE: 6
FINANCE/LEASE: Finance
PURCHASE PRICE: $33,673
AMOUNT OF LOAN: $29,618
TERM CONTRACTED: 72 months
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $437
ANNUAL INCOME: $45,000
DEBT TO INCOME RATIO: 2%
MISCELLANEOUS COMMENTARY: Couldn't pass up the 1.9% finance rate...My 2008 LLBean Outback was on the verge of robbing me blind and losing value, time to trade and go back to a WRX :-)
@jayy_sc wrote:APPROVING BANK: Capital One
BUREAU PULLED: Experian
CREDIT SCORE: 527SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: Used
YEAR OF VEHICLE: 2015
MAKE: Acura
MODEL: TLX
MILEAGE: 34,561
FINANCE/LEASE: FinancePURCHASE PRICE: $19,000
AMOUNT OF LOAN: $20,297
TERM CONTRACTED: 72 months
APR/LEASE RATE: 14.70 %
MONTHLY PAYMENT: $428
ANNUAL INCOME: $35,000
DEBT TO INCOME RATIO: 12%
MISCELLANEOUS COMMENTARY: Discharged Chp 7 BK on 11/2018 with Acura lease surrendered
Good job getting financing! But that APR will rob you blind; you'll pay over $10K (more than half the purchase price) in interest during the life of the loan!
Perhaps in a year or so when your rebuild is further along, you can refinance with a CU and bring that usurious rate down...!