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Auto Loan Approvals!

Auto Loans for ANY Credit Situation. Immediate Response.
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Regular Contributor

Re: Auto Loan Approvals!

wow you spent $7k in F&I backend products...you are seriously the F&I BFF...


@credwitk wrote:

APPROVING BANK:  Mercedes Benz Financial
BUREAU PULLED: TU FICO Auto 8
CREDIT SCORE:  708

SOFT PULL/HARD PULL:  Hard Pull
CUSTOMER STATE OF RESIDENCE:  NY
NEW/USED:  Used
YEAR OF VEHICLE:  2016
MAKE:  Mercedes Benz
MODEL:  C300 Sport
MILEAGE:  19,956
FINANCE/LEASE:  Finance

PURCHASE PRICE:  $38,027
AMOUNT OF LOAN:  $23,677
TERM CONTRACTED:  72 mos.
APR/LEASE RATE:  3.99%
MONTHLY PAYMENT:  $370.93
ANNUAL INCOME:  $144,500
DEBT TO INCOME RATIO:  30%
MISCELLANEOUS COMMENTARY:  Downpayment = $16,995.  Purchase price includes extras like extended warranty, road hazard and key replacement.  Car price without extras $30,926.  MB offers refund of any portion of extended warranty not used in case of trade-in early.  


 

Message 3991 of 4,193
Established Contributor

Re: Auto Loan Approvals!

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.
7/12/2019 FICO TU-815|EX - 787|EQ -809
Total Credit - $300K+
Starting Score: 640
Current Score: 785
Goal Score: 810


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Gardening since June/2019
Message 3992 of 4,193
New Visitor

Auto Loan Approvals!

APPROVING BANK: gulf winds Fcu
BUREAU PULLED:Experian
CREDIT SCORE:699
SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE:Florida
NEW/USED:new
YEAR OF VEHICLE:2019
MAKE:ram
MODEL:1500 bighorn crew cab 4x4
MILEAGE:12
FINANCE/LEASE:finance
PURCHASE PRICE:48500
AMOUNT OF LOAN:45000
TERM CONTRACTED:84
APR/LEASE RATE:6.24
MONTHLY PAYMENT:663
ANNUAL INCOME:55k
DEBT TO INCOME RATIO:21%
MISCELLANEOUS COMMENTARY: truck was 48500 traded my 2wd Silverado for it so I could have the 4wd got the ram boxes step bars it’s loaded got them down to 39k plus ttt and 1500 rollover 0 down my Christmas present
Message 3993 of 4,193
Established Contributor

Re: Auto Loan Approvals!

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).

Message 3994 of 4,193
Established Contributor

Re: Auto Loan Approvals!

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.

 

Message 3995 of 4,193
Frequent Contributor

Re: Auto Loan Approvals!

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 :-)

Present Day...Equifax: 767, TransUnion: 777, Experian: 774
Sept. 2016...Equifax: 652, TransUnion: 608, Experian: 597
PenFed CLOC: $500

Message 3996 of 4,193
New Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Capital One
BUREAU PULLED: Experian
CREDIT SCORE: 527

SOFT 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: Finance

PURCHASE 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 

On the road to a positive rebuld!!!!

Current scores:
TU:532
EQ: 578
EX: 547
Message 3997 of 4,193
Established Contributor

Re: Auto Loan Approvals!


@jayy_sc wrote:

APPROVING BANK: Capital One
BUREAU PULLED: Experian
CREDIT SCORE: 527

SOFT 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: Finance

PURCHASE 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...!

 

Message 3998 of 4,193
New Contributor

Re: Auto Loan Approvals!

Definitely will!! It’s on the high end but with diligence and positive rebuild, hopefully that rate is better looking a few months down the road 😃
On the road to a positive rebuld!!!!

Current scores:
TU:532
EQ: 578
EX: 547
Message 3999 of 4,193
Frequent Contributor

Re: Auto Loan Approvals!

APPROVING BANK: Hyundai Financial
BUREAU PULLED: EQ
CREDIT SCORE: 800+

SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2019
MAKE: Hyundai
MODEL: Santa Fe
MILEAGE: 05
FINANCE/LEASE: Fin

PURCHASE PRICE: $36,700
AMOUNT OF LOAN: $26,700
TERM CONTRACTED: 60
APR/LEASE RATE: 1.90
MONTHLY PAYMENT: $460

Amex BCE | Discover | Chase Freedom | Citibank DC | SYNCB | Barclay Rewards | BoA Cash Rewards | CapOne QS | Chase CSR | Chase FU | Amex Ascend | 2019 Goal: Gotta make it to 200k |
Message 4000 of 4,193
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