Ford Motor Credit Approval!

[jdmull]

• Approving Bank:    Ford Motor Credit Company
• Bureau Pulled:    Experian
• Credit Score:    592
• Soft/Hard Pull:    Hard
• State of Residence:    Tennessee
• New/Used:    New
• Year of Vehicle:    2024
• Make:    Ford
• Model:    Mustang Ecoboost
• Mileage:    11
• Finance/Lease:    Finance
• Purchase Price:    $38,890.01
• Amount of Loan:    $37,713.51
• Term Contracted:    72 months
• APR Rate:    6.90%
• Monthly Payment:    $643.02
• Annual Income:     $40,000.00
• Debt-to-Income Ratio:    31%
• Misc. Commentary:     FMC set my first payment to be 45 days out.

[JoeRockhead]

Congratulations on your new Mustang!

[Rebuild2019]

Congratulations on your Approval. 

[Beefy1212]

I am pretty shocked you were approved for that loan given your metrics.

[babbles]

good rate!  good job!

[Ohmycreditjourney]

Ford buys deep, if DTI and LTV iis good they will buy Mickey Mouse.  I got a TU 563, EX 559, EQ 531  bought on a new F-150 Lariat lease 36/10, $0 down, X-Plan customer, tier 3.  That purchase looks like slam dunk Ford deal.  They are hands down the most aggressive captive lender I've worked with. (my experience, grandfather owns Ford, Honda, Hyundai, Audi, CDJR stores, I was finance director & F&I for 15+ years.).  

[cashorcharge]

That's pretty good for such a low score!  Congratulations!!!🎉 

[dfwxjer]

Wow. Must have been a subvented rate. 

[Creditwiser]

Congrats on your approval !  Enjoy the car 

[BallBounces]

This is an old thread, I am not sure why it was bumped.

In any case, it sure would be helpful to others if individuals reporting approvals listed the specific score used, not just a bureau name.