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.