APPROVING BANK: Toyota Financial Services
BUREAU PULLED: Experian
CREDIT SCORE: 823
SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: New Hampshire
NEW/USED: New
YEAR OF VEHICLE: 2022
MAKE: Toyota
MODEL: Tacoma TRD Sport
MILEAGE: 5
FINANCE/LEASE: Finance
PURCHASE PRICE: $45,284 (which includes a number of post production accessories like a bed mat, remote tailgage lock, and other goodies)
AMOUNT OF LOAN: $38,802
TERM CONTRACTED: 48 Months
APR/LEASE RATE: 2.49%
MONTHLY PAYMENT: $850.61
ANNUAL INCOME: $230,000
DEBT TO INCOME RATIO: 0%
MISCELLANEOUS COMMENTARY: Filed Chapter 13 March of 2015, discharged March 2020, bankruptcy fell off my credit reports January 2022. A few weeks later I put a deposit down on a fully tarted 2022 Toyota Tacoma TRD Sport with a 6-Speed Manual transmission, the dealer got an allocation in early August which *almost* matched my request, same build of options, but wrong color; I jumped on the allocation immediately. The Tacoma was built in early September and I took delivery yesterday, I couldn't be happier. 
APPROVING BANK
an Diego County Credit Union
BUREAU PULLED: EX
CREDIT SCORE: 717
CUSTOMER STATE OF RESIDENCE: CA
an Diego County Credit UnionBUREAU PULLED: EX
CREDIT SCORE: 717
CUSTOMER STATE OF RESIDENCE: CA
NEW/USED: Used
YEAR OF VEHICLE: 2020
YEAR OF VEHICLE: 2020
MAKE: Dodge
MODEL: RAM 2500
MILEAGE: $53,000
RETAIL/LEASE: retail
AMOUNT OF LOAN: $29,000. (Put down 25K to bring down loan amount and Monthly Payment)
TERM CONTRACTED: 60
APR/LEASE RATE: 5.54%
MONTHLY PAYMENT: $558
MILEAGE: $53,000
RETAIL/LEASE: retail
AMOUNT OF LOAN: $29,000. (Put down 25K to bring down loan amount and Monthly Payment)
TERM CONTRACTED: 60
APR/LEASE RATE: 5.54%
MONTHLY PAYMENT: $558
ANNUAL INCOME: $250,000
MISCELLANEOUS COMMENTARY: Clean FICO reports, 10% debt and unfortunately they pulled his lowest score. DH was approved through 4 places. First Technology Credit Union at 6.46%, Navy Federal at 6.6%, Wells Fargo at 6.44%, and San Diego Credit Union at 5.54% and turned down through PenFed (I think because that one pulled my FICO too, but all the others just pulled DH's FICO- I have most all the debit on my side). I think his debt ratio was 10%. We are hoping to get a better rate and refi it, but don't know where else to apply in the next week and hopefully before the rates go up again.
MISCELLANEOUS COMMENTARY: Clean FICO reports, 10% debt and unfortunately they pulled his lowest score. DH was approved through 4 places. First Technology Credit Union at 6.46%, Navy Federal at 6.6%, Wells Fargo at 6.44%, and San Diego Credit Union at 5.54% and turned down through PenFed (I think because that one pulled my FICO too, but all the others just pulled DH's FICO- I have most all the debit on my side). I think his debt ratio was 10%. We are hoping to get a better rate and refi it, but don't know where else to apply in the next week and hopefully before the rates go up again.
Interesting update...
Prior to buying my new car a few weeks ago, my first since 2002, my only installment loan was an SSL from PenFed; given I no longer needed the SSL I paid it off and today I got the news regarding my scores, not good, but not surprising. With the paying off of the old loan and the initiation of the new car loan, my FICO 8 dropped 29 points. No worries from my perspective, I'm probably a year from applying for a mortgage and by then my scores should recover nicely.
And another thing, prior to buying the new Tacoma I had reached the Emerald level in the Garden; I just removed my garden icon in my signature as I guess buying the new ride says I'm no longer gardening.
@QCS123 wrote:APPROVING BANK
BUREAU PULLED: EX
CREDIT SCORE: 717
CUSTOMER STATE OF RESIDENCE: CANEW/USED: Used
YEAR OF VEHICLE: 2020MAKE: DodgeMODEL: RAM 2500
MILEAGE: $53,000
RETAIL/LEASE: retail
AMOUNT OF LOAN: $29,000. (Put down 25K to bring down loan amount and Monthly Payment)
TERM CONTRACTED: 60
APR/LEASE RATE: 5.54%
MONTHLY PAYMENT: $558ANNUAL INCOME: $250,000
MISCELLANEOUS COMMENTARY: Clean FICO reports, 10% debt and unfortunately they pulled his lowest score. DH was approved through 4 places. First Technology Credit Union at 6.46%, Navy Federal at 6.6%, Wells Fargo at 6.44%, and San Diego Credit Union at 5.54% and turned down through PenFed (I think because that one pulled my FICO too, but all the others just pulled DH's FICO- I have most all the debit on my side). I think his debt ratio was 10%. We are hoping to get a better rate and refi it, but don't know where else to apply in the next week and hopefully before the rates go up again.
Shameless plug for Interior FCU. They refi'd me at 2.24% with scores not too far off from yours. Tier 1 for them is 1.99%... you should really call them.
I meant to do this last month.
Approval Bank: Adelphi Federal Credit Union
Bureau Pulled : Experian
Customer State of Residence: California
New/Used: New
Make: Tesla
Model: Model 3 Long Range
Mileage 16
Finance/Lease : Finance
Purchase Price: $64,000
Amount if loan : $60,000
Term contracted: 72 months
Apr/Lease rate 2.90
Monthly Payment: 920
Annual income $160,000
Debt to income ratio 10%
Miscellanous Commentary: I was concerned that I wasn't able to get a low interest rate because the Tesla that was reserved was not scheduled to arrive until December/January time frame. Luckily , it came in early October. After searching numerous credit unions in the SoCal area, I found a small credit Union in Orange County (Adelphi). Their rates were a full point lower than any credit union in the area. Painless process and glad I receive my car early!
@Horseshoez dude... that score... phenomenal job. We've talked about your BK before but that is just awesome. Way to do your rebuild my friend.
