Auto Loan Approvals

[Alex311]

APPROVING BANK: BMW FINANCE 
BUREAU PULLED: EQUIFAX 
CREDIT SCORE: 695

SOFT PULL/HARD PULL: HARD
CUSTOMER STATE OF RESIDENCE: GA
NEW/USED: NEW
YEAR OF VEHICLE: 2024
MAKE: BMW
MODEL: X3 M40i
MILEAGE: 1
FINANCE/LEASE: FINANCe

PURCHASE PRICE: $65k
AMOUNT OF LOAN: $$69
TERM CONTRACTED: 72
APR/LEASE RATE: 4.49
MONTHLY PAYMENT: 1050
ANNUAL INCOME: $99000
DEBT TO INCOME RATIO: 25%
MISCELLANEOUS COMMENTARY: SHOO AROUND, HAVE FINANCING BEFORE YOU WALK INTO THE DRALERSHIP. WALK AWAY IF YOU MUST!

[blossom_rebuilding]

APPROVING BANK: PNC
BUREAU PULLED: Experian
CREDIT SCORE: 833

SOFT PULL/HARD PULL: Hard pull
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: Used
YEAR OF VEHICLE: 2024
MAKE: Mitsubishi
MODEL: Eclipse Cross
MILEAGE: 4k
FINANCE/LEASE: Finance

PURCHASE PRICE: $24,599
AMOUNT OF LOAN: $14,000
TERM CONTRACTED: 5 years
APR/LEASE RATE: 7.2
MONTHLY PAYMENT: $284
ANNUAL INCOME: >$100k
DEBT TO INCOME RATIO: unsure
MISCELLANEOUS COMMENTARY: Unexpected purchase due to unforseen circumstances, but very pleased that everything worked out as well as it could have, getting pretty much a newer used car with not much mileage. Not at all happy with the interest rate, but it was the best I could find that met my needs. Looking forward to refinancing if/when rates drop in the coming months.

[dunn2500]

navy or pen fed have rates lower.....and they do used cars as new under 2years old and 30k miles i believe....7% with your credit is high

[debianx74]

APPROVING BANK: Navy Federal
BUREAU PULLED: Transunion
CREDIT SCORE: 810
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: New
YEAR OF VEHICLE: 2024
MAKE: Acura
MODEL: Integra Type S
MILEAGE: 13
FINANCE/LEASE: Finance
PURCHASE PRICE: $54,117.95
AMOUNT OF LOAN: $42,117.95
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 4.79%
MONTHLY PAYMENT: 681.83 
ANNUAL INCOME: 89K
MISCELLANEOUS COMMENTARY: Instant approval, super easy experience. Monthly payment includes NFCU $399 gap, couldn't pay for it separately, so it increased my payment by I think $7 bucks a month.

[Klineact]

APPROVING BANK: Navy Federal
BUREAU PULLED: TU
CREDIT SCORE: 791

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: USED
YEAR OF VEHICLE: 2018
MAKE: Fiat
MODEL: 500
MILEAGE: 47500
FINANCE/LEASE: Finance

PURCHASE PRICE: $12,500
AMOUNT OF LOAN: $14,200 (included tax, fees, reg, GAP)
TERM CONTRACTED: 72 mos but it will likely be paid off within 1 year
APR/LEASE RATE: 5.59
MONTHLY PAYMENT: $234.00
ANNUAL INCOME: $115,000
DEBT TO INCOME RATIO: 14%
MISCELLANEOUS COMMENTARY: This is my secondary for fun vehicle.  Loan was not instant as I have fraud alert. Someone called me shortly after I applied at 8 pm. Asked me a few questions to verify identity and that I applied for the loan said she would send it for review and I would hear in 2 to 24 hours. I dont even think it was 5 minutes later when I got the email telling me I was approved. I have been a NFCU customer for about 5-6 years. I have a checking and savings and 2 CC's with 33K and 34K limits (Zero balance-I PIF each month).

[Klineact]

---

@blossom_rebuilding wrote:

APPROVING BANK: PNC
BUREAU PULLED: Experian
CREDIT SCORE: 833

SOFT PULL/HARD PULL: Hard pull
CUSTOMER STATE OF RESIDENCE: MD
NEW/USED: Used
YEAR OF VEHICLE: 2024
MAKE: Mitsubishi
MODEL: Eclipse Cross
MILEAGE: 4k
FINANCE/LEASE: Finance

PURCHASE PRICE: $24,599
AMOUNT OF LOAN: $14,000
TERM CONTRACTED: 5 years
APR/LEASE RATE: 7.2
MONTHLY PAYMENT: $284
ANNUAL INCOME: >$100k
DEBT TO INCOME RATIO: unsure
MISCELLANEOUS COMMENTARY: Unexpected purchase due to unforseen circumstances, but very pleased that everything worked out as well as it could have, getting pretty much a newer used car with not much mileage. Not at all happy with the interest rate, but it was the best I could find that met my needs. Looking forward to refinancing if/when rates drop in the coming months.

That is a higher rate for a great score. Navy has 4.79 for new cars. If you can get in with them or are a current member.  I just got a used 2018 and got 5.59 rate. Congrats on your new car !

---

[mma2025]

APPROVING BANK: American Honda Finance
BUREAU PULLED: Experian Auto Fico 8 (They also pulled Equifax and tried to pull TU but I had TU frozen)
CREDIT SCORE: 618

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Honda
MODEL: Civic Sport Touring Hybrid
MILEAGE: 56
FINANCE/LEASE: Finance

PURCHASE PRICE: $33,095
AMOUNT OF LOAN: $28,606
TERM CONTRACTED: 60 Months
APR/LEASE RATE: 7.90%
MONTHLY PAYMENT: $580.00
ANNUAL INCOME: $89,400
DEBT TO INCOME RATIO: 34% 
MISCELLANEOUS COMMENTARY: I froze my TU before apping.  I did get a notification that they tried to pull TU but no one mentioned it at the dealership.

[southernblueeyes]

APPROVING BANK: Acura Financial
BUREAU PULLED: Equifax
CREDIT SCORE: 737

SOFT PULL/HARD PULL: Hard
CUSTOMER STATE OF RESIDENCE: North Carolina
NEW/USED: New
YEAR OF VEHICLE: 2025
MAKE: Acura
MODEL: TLX Type S
MILEAGE: 7
FINANCE/LEASE: Finance

PURCHASE PRICE: $75,075
AMOUNT OF LOAN: $75,075
TERM CONTRACTED: 72 Months
APR/LEASE RATE: 7.99%
MONTHLY PAYMENT: $1,314
ANNUAL INCOME: $80,000
DEBT TO INCOME RATIO: 30%
MISCELLANEOUS COMMENTARY: Planning on refinancing with NFCU. 

[Saleen099]

---

@CreditCuriosity wrote:

APPROVING BANK: NFCU
BUREAU PULLED: TU
CREDIT SCORE:800+

SOFT PULL/HARD PULL: hard
CUSTOMER STATE OF RESIDENCE: FL
NEW/USED: New
YEAR OF VEHICLE: 2024
MAKE: Porsche
MODEL: Cayman S
MILEAGE: 10
FINANCE/LEASE: Finance

PURCHASE PRICE: MSRP 105k(all in including taxes etc.. .dealer ate those as part of or would of been around 112.5k)
AMOUNT OF LOAN:97k
TERM CONTRACTED:72
APR/LEASE RATE:5.29
DEBT TO INCOME RATIO: Below 30%
MISCELLANEOUS COMMENTARY: Was initially with BofA due to dealer crud having to use their lender to get it out of door for 7.5k less as was special ordered for someone else and something feel through.  BofA approved me at best rate of 6.99 but after had car for week refinanced with NFCU which was consider new at 5.29 their best rate for term.  Also NFCU allow if rates get better after year to ask for lowest APR.  So win/win.  F&I can eat it as no prepayment penalty.  Another win for NFCU GAP was ony 399 and also $200 free promo for refinancing with them currently

---

NICE!!!!

[Mdowning30]

$75,000 for an Acura is very steep imo, a Lexus would hold its value longer but i hope your savings and investing rate is higher than your car payment !