Auto Loan Approvals!

[Anonymous]

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@AyalaZero wrote:

Congrats Drummerboy, now don't be late on your payments!!  Credit scores affect people in insurmountable ways!!

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Trust me i won't i make sure i pay everything on time. Most of the time i pay my monthly payments 20 days early.

[Anonymous]

THANK YOU MYFICO.COM!!!!!!! 

APPROVING BANK: RFCU
BUREAU PULLED: EQ and EQ Auto Enhanced
CREDIT SCORE:730/742
CUSTOMER STATE OF RESIDENCE: GA

NEW/USED: Used
YEAR OF VEHICLE:2008

MAKE: Honda

MODEL: Honda Accord LX-P
MILEAGE:9500
RETAIL/LEASE:Retail
AMOUNT OF LOAN: $16.8k

TERM CONTRACTED:60 months
APR/LEASE RATE: 4.5%
MONTHLY PAYMENT: $314

MISCELLANEOUS DETAILS: Bank pulled standard FICO, dealer used auto enhanced. Was interesting to see the difference. Only auto history was a current 30month old retail purchase that was traded in. No lates.

Thanks again to myfico.com, this December is a far cry from last December's 630 EQ. Had I only known you are not supposed to carry balance. lol.

[CLEVYE25]

APPROVING BANK: mission fed cu
BUREAU PULLED: exp
CREDIT SCORE: 644
CUSTOMER STATE OF RESIDENCE: ca
NEW/USED: used
YEAR OF VEHICLE: 2007

MAKE: dodge

MODEL: charger  r/t road and track package
MILEAGE: 50000
RETAIL/LEASE: retail private party
AMOUNT OF LOAN: 18000
TERM CONTRACTED: 60
APR/LEASE RATE:8.0
MONTHLY PAYMENT: 370ish
MISCELLANEOUS COMMENTARY: THANK YOU MYFICO!  Man I was so discouraged after a ups truck wrecked my car as I knew I didnt

have the best of credit to qualify for a new loan, but I bit the bullet after seeing so many ppl approved with mid 600 scores. And boy was I surprised that I was approved for up to $28k (original plan was to buy a 10 camaro). Ended up getting a helluva deal on an 07 dodge charge R/T fully loaded with every option and tons of aftermarket mods that I could not pass it up. Never thought Id be in a Hemi but God has definately blessed me! Thanks guys

[Anonymous]

APPROVING BANK: Subaru Financial (JP Morgan Chase)
BUREAU PULLED: Transunion
CREDIT SCORE: 729 FICO (they pulled auto enhanced)
CUSTOMER STATE OF RESIDENCE: CO
NEW/USED: new
YEAR OF VEHICLE: 2010

MAKE: Subaru

MODEL: 2.5i Legacy Limited w/moonroof
MILEAGE: 40

RETAIL/LEASE: retail purchase
AMOUNT OF LOAN: $24,500
TERM CONTRACTED: 72 months
APR/LEASE RATE: 7.6%
MONTHLY PAYMENT: $425.00
MISCELLANEOUS COMMENTARY: I have very limited credit history, just 2 years total with two credit cards with a total of $3,000 limit and when they pulled it was still showing 33% usage even though I have completely payed them off. No lates, no previous auto loans.Can even refinance in a year or two!

Have been at my job for 3 plus years and make $42,000 a year which the dealer said made the financing happen.Did have to put $4,000 down but I cannot believe I got financed for the car I wanted! Has every option included except navigation.

Thanks My Fico for the all tips and help!

[Anonymous]

APPROVING BANK:Bank of America
BUREAU PULLED:Equifax
CREDIT SCORE:744
CUSTOMER STATE OF RESIDENCE:North Carolina
NEW/USED:Used
YEAR OF VEHICLE:2009

MAKE:Hyundai

MODELonata
MILEAGE:14,600
RETAIL/LEASE:Retail
AMOUNT OF LOAN:17,728
TERM CONTRACTED:60 months
APR/LEASE RATE:3.95%
MONTHLY PAYMENT:$327
MISCELLANEOUS COMMENTARYurchased from Carmax, zero down, through Bank of America e-lending.  Very simple transaction.  Was approved for 2008 or newer for 3.95% for 60 months or 4.39% for 72 months and 2004-2007 model 4.45% for 60 mos and 4.79% for 72 mos.

[Anonymous]

APPROVING BANK: Subaru Financial (JP Morgan Chase)
BUREAU PULLED: Not Sure Yet

CREDIT SCORE: All scores 610 - 635

CUSTOMER STATE OF RESIDENCE: UT
NEW/USED: New
YEAR OF VEHICLE: 2009

MAKE: Subaru

MODEL: Legacy 2.5 GT Limited

MILEAGE: 180
RETAIL/LEASE: Retail
AMOUNT OF LOAN:$35,500

TERM CONTRACTED: 72 Months
APR/LEASE RATE: 6.9%
MONTHLY PAYMENT:$605

MISCELLANEOUS COMMENTARY:  My wife and I co-borrowed with $100K combined income.  We were turned down by our local credit union back in Sep due to a few open collections on my wife's reports, so we decided to try again and let the dealer arrange financing.  We were obviously very suprised that our scores qualified us for such a good APR.  We put $4K down and used a $2,500 rebate to offset over $7K in negative equity on an '06 Pontiac G6.  Also added extended warranty, clear bra and fabric/leather guard since we plan to keep this car for at least 4-5 years.  The end of the year is definitely the best time to buy a new car and get financed through captive lenders. Thank you Myfico.com and thank you Subaru!  

[Anonymous]

APPROVING BANK:  Baxter Credit Union
BUREAU PULLED:  TU (my lowest)
CREDIT SCORE:  635
CUSTOMER STATE OF RESIDENCE:  Indiana
NEW/USED: Used
YEAR OF VEHICLE:  2009 

MAKE:  Nissan

MODEL:  Altima 2.5S (Super Black- tinted windows)

MILEAGE:  36K

RETAIL/LEASE:  Retail
AMOUNT OF LOAN:  $13,603.01 (including $6,000 down payment, Gap Coverage and Extended Warranty)

TERM CONTRACTED:  72 months
APR/LEASE RATE:  8.89%
MONTHLY PAYMENT:  $290.10
MISCELLANEOUS COMMENTARY:  Easiest car buying expierence ever. I applied online, received approval 2 days later without employment or income verification. Baxter overnighted the check to my job the same day I faxed over my purchase order number. Only spent 40 minutes at the dealer!  I picked her up on Dec.30. I've named her Pearl, and glad she's a wonderful addition to the family.  I've gotten use to this Smart Key thing REAL quick in only 2 days.

[Anonymous]

APPROVING BANK:American Honda Financial

BUREAU PULLED: TU

CREDIT SCORE: 692 (auto-enhanced)

CUSTOMER STATE OF RESIDENCE: KY
NEW/USED: NEW
YEAR OF VEHICLE: 2010

MAKE: Honda

MODEL: Accord EX-L

MILEAGE: 12
RETAIL/LEASE: Lease
AMOUNT OF LOAN:
TERM CONTRACTED:36 months
APR/LEASE RATE: 1.9% money factor
MONTHLY PAYMENT: $271.02

MISCELLANEOUS COMMENTARY: This was with a $3,700 trade in.Both the dealer and Honda pulled TU (took 2 hits)

[Anonymous]

APPROVING BANK: American Honda Financial
BUREAU PULLED: Experian/Auto Enhanced
CREDIT SCORE: Not sure but 640ish
CUSTOMER STATE OF RESIDENCE:CA
NEW/USED:New
YEAR OF VEHICLE:2009

MAKE:Honda

MODEL:Civic LX
MILEAGE:93
RETAIL/LEASE:16,900
AMOUNT OF LOAN:
TERM CONTRACTED:60
APR/LEASE RATE:3.9
MONTHLY PAYMENT:356
MISCELLANEOUS COMMENTARY: Before walking into a dealership I knew I wanted a Civic so I got a Honda preapproval online.  At first the dealer offered 13.9 but I refused and almost walked out the door.  He offered to call Honda back to get a better deal.  Came back with the 3.9 if I got Gap coverage. Dealer did not have to pull another score but just went off the preapproval.  had to provide proof of income.  Thank you Myfico.com!

Message Edited by tanacky09 on 01-11-2010 10:37 AM

[mgs2010]

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

APPROVING BANK: Honda Financial Services
BUREAU PULLED: TransUnion
CREDIT SCORE: 691
CUSTOMER STATE OF RESIDENCE: Ohio
NEW/USED: New
YEAR OF VEHICLE: 2010

MAKE: Honda

MODEL: Accord EX coupe
MILEAGE: 12
RETAIL/LEASE: Lease
AMOUNT OF LOAN: 18036
TERM CONTRACTED: 36 month lease/15k miles per year
APR/LEASE RATE: not sure...
MONTHLY PAYMENT: 500.00
MISCELLANEOUS COMMENTARY: rolled some negative equity into the lease from a Pontiac G6....should have known that car was going to be worthless at trade