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Auto Loan Approvals

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New Member

Auto Loan Approvals

APPROVING BANK: NFCU & VW Credit
BUREAU PULLED: EQ & TU FICO 8 & 9
CREDIT SCORE: 698 & 714

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: VW
MODEL: Jetta R Line
MILEAGE: 17
FINANCE/LEASE: Finance

PURCHASE PRICE: 33329
AMOUNT OF LOAN: 30579
TERM CONTRACTED: 72
APR/LEASE RATE: 2.6
MONTHLY PAYMENT: $460
ANNUAL INCOME: 75K
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: VW Credit beat NFCU rate by 0.9%. Traded in a paid of auto. Totally happy with the experience.

Message 1 of 4
3 REPLIES 3
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Established Contributor

Re: Auto Loan Approvals

Congratulations on the approval and thank you for sharing the detailed datapoints!  Enjoy the new Jetta! 





Message 2 of 4
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New Member

Re: Auto Loan Approvals

No problem and Thank you!!

Message 3 of 4
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New Contributor

Re: Auto Loan Approvals

APPROVING BANK: Lexus Financial (TMCC) 
BUREAU PULLED: ALL 3
CREDIT SCORE: 599,584,624

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: TX
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Lexus
MODEL: ES350
MILEAGE: 5
FINANCE/LEASE: Lease

PURCHASE PRICE: 45k
AMOUNT OF LOAN: 24k
TERM CONTRACTED: 36
APR/LEASE RATE: I do not know the MF, it is Tier 3 
MONTHLY PAYMENT: $680
ANNUAL INCOME: 85k

MISCELLANEOUS COMMENTARY: This for my grandmother. She has had issues with credit up until I took over the finances. She has since purchased a home and decided she wanted her dream car. She has had 5 loans with TMCC with no lates so i'm sure that contributed to Tier 3. The Camry she traded in rolled 3K in negative equity so hoping lease will eliminate that. 

UTL= 5%
Chase Freedom Student- $700
Paypal Extras-$300
Navy Federal CashRewards World- $6,000
USAA Rewards Amex-$6,000
Best Buy-$1,000
DellFinancial-$1,500
Target Redcard- $300
Navy Federal PLOC- $2,000
Audi Financial Auto- 3.4% @ 26K
Message 4 of 4
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