APPROVING BANK: Ford Credit
BUREAU PULLED: Experian / TransUnion
CREDIT SCORE: 690 / 735
SOFT PULL/HARD PULL: HP on both
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Ford
MODEL: Explorer Limited
MILEAGE: 50 miles
FINANCE/LEASE: Lease
PURCHASE PRICE: $53,000
AMOUNT OF LOAN: 43,953
TERM CONTRACTED: 3 years
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: $574
ANNUAL INCOME: 85,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: I was planing to refinance my 2015 Ford Explorer, DCU approved me at a 4.9% to refinance which was much lower than the current rate at a 10%
However we decided to visit the dealer and saw the new 2020 Ford Explorer limited, we loved it I decided to apply for full purchase but since this is my first auto loan they couldn’t approve me for the sale but they did for the lease.
Please note
The 2015 Explorer limited was under my husband name. That’s why I said this 2020 Explorer is my first loan/lease ever.
Overall I’m very happy 😃
FYI
The total amount of inquiries in my report is now 8 thanks to the multiple pulls the dealer did
BUREAU PULLED: Experian / TransUnion
CREDIT SCORE: 690 / 735
SOFT PULL/HARD PULL: HP on both
CUSTOMER STATE OF RESIDENCE: California
NEW/USED: New
YEAR OF VEHICLE: 2020
MAKE: Ford
MODEL: Explorer Limited
MILEAGE: 50 miles
FINANCE/LEASE: Lease
PURCHASE PRICE: $53,000
AMOUNT OF LOAN: 43,953
TERM CONTRACTED: 3 years
APR/LEASE RATE: 2.9%
MONTHLY PAYMENT: $574
ANNUAL INCOME: 85,000
DEBT TO INCOME RATIO:
MISCELLANEOUS COMMENTARY: I was planing to refinance my 2015 Ford Explorer, DCU approved me at a 4.9% to refinance which was much lower than the current rate at a 10%
However we decided to visit the dealer and saw the new 2020 Ford Explorer limited, we loved it I decided to apply for full purchase but since this is my first auto loan they couldn’t approve me for the sale but they did for the lease.
Please note
The 2015 Explorer limited was under my husband name. That’s why I said this 2020 Explorer is my first loan/lease ever.
Overall I’m very happy 😃
FYI
The total amount of inquiries in my report is now 8 thanks to the multiple pulls the dealer did