Strategy for getting approved for Higher Loan Amounts

[pizzadude]

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@creditguy321 wrote:

You all were correct. Just got Pre-Approved through PenFed for $80K no issue. 

Thank you!

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Congrats !!  What interest rates / terms are they offering ?

[creditguy321]

None that I'm going to accept lol. 

48 Months at 8.54%

60 Months at 8.69%

66 Months at 9.39%

72 Months at 9.39%

I figure this will give me a good opportunity to keep shopping better rates/strenghten my credit to get better offers. 

[gokarter24]

What's your current score and income if you don't mind in the next 6 months to a year I'm looking at getting approved for the same car haha!

[creditguy321]

Income was $144k

Current Beacon 691 Equifax, 675 Equifax, 642 Transunion

Just took 25-30 point drops across all the Credut Bureau's after my last car loan was paid off last month. 

[805orbust]

BOOM Baby!!!  Told you!  When the time comes you'll be in even better shape score-wise so the interest will very even more favorable. DW got pre-approved thru CapOne and I gotta say i like how it worked. You can even look thru their portal for the car you want at your dealer. Just take your approval# to the dealer and that's it. Easy peasy.  Just a suggestion for when the time comes.