TODAY'S APPROVALS

[em072205]

APPROVING BANK : Wells Fargo Dealer Services

BUREAU PULLED: Experian

CREDIT SCORE: 577

CUSTOMER STATE OF RESIDENCE: California

NEW/USED: New

YEAR OF VEHICLE: 2011 Nissan Sentra

MILEAGE: 111

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 11,212 (decided to get an extended warranty and alarm--had originally decided against)

ADVANCE PERCENTAGE: 67% I believe

TERM CONTRACTED: 72

APR/LEASE RATE: 17.99

MONTHLY PAYMENT: 255

MISCELLANEOUS COMMENTARY: I had originally went without the extended warranty, which would have made my payment 192, but decided later on to add it. I had 4 CA (which I am paying on) and 1 CO, but I also put 8,000 down on the car. High APR but I will refinance in a year and also make extra payments!

[iwannahummer]

new to the site, wanted to dig right in... I started lurking looking for tools I could use when negotiating at dealership, cool site.

 

APPROVING BANK CHASE

BUREAU PULLED Equifax

CREDIT SCORE 753 Auto Enhanced

CUSTOMER STATE OF RESIDENCE TX

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 129

RETAIL/LEASE Retail

AMOUNT OF LOAN $35,000 (vehicle sale price was $48,000)

ADVANCE PERCENTAGE 72%

TERM CONTRACTED 72

APR/LEASE RATE 4.39% (had more options)

MONTHLY PAYMENT $560-ish

MISCELLANEOUS COMMENTARY: Had previous $28,000 loan with Chase, paid in full within 15 months. Funny thing is before I went to dealer, Chase online denied me (while I was a current customer), no history of late payments on last 4 car loans with them.

[shiayaria]

Approved on 2/4 but waited until I got all new loan docs, as I've had the switcheroo happen a few times...

APPROVING BANK CHASE

BUREAU PULLED Equifax

CREDIT SCORE 452 (EQ SW)

CUSTOMER STATE OF RESIDENCE GA

NEW/USED Used

YEAR OF VEHICLE 2007

MILEAGE 70k

RETAIL/LEASE Retail

AMOUNT OF LOAN $14,100

ADVANCE PERCENTAGE 85%

TERM CONTRACTED 60

APR/LEASE RATE 19.24% (will make double payments and refi in a year)

MONTHLY PAYMENT $367 w/gap

MISCELLANEOUS COMMENTARY: I year post BK7 and 2 months at current job so I knew the rate would be high, but happy to have the approval on the car that I "wanted". 07 Cadillac CTS

[rebuilding2011]

APPROVING BANK Chase (Through VW dealer)

BUREAU PULLED Transunion

CREDIT SCORE 663 Fico

CUSTOMER STATE OF RESIDENCE Ca

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 118

RETAIL/LEASE Retail

AMOUNT OF LOAN $14,492.46

ADVANCE PERCENTAGE 30%

TERM CONTRACTED 60

APR/LEASE RATE 6.84%

MONTHLY PAYMENT $286

MISCELLANEOUS COMMENTARY: New VW Jetta SE 2.5! I have some older badies but everything else that is recent is good! I have never had a car loan so I was happy to get this and hope to build up and qualify for the promo rates on my next car loan

[KevinInFlorida]

APPROVING BANK Americredit/GM Financial

BUREAU PULLED Equifax

CREDIT SCORE 612 Auto Enhanced

CUSTOMER STATE OF RESIDENCE FL

NEW/USED Used

YEAR OF VEHICLE 2006

MILEAGE 60,800

RETAIL/LEASE Retail

AMOUNT OF LOAN $14,700

ADVANCE PERCENTAGE

TERM CONTRACTED 72

APR/LEASE RATE 15.9%

MONTHLY PAYMENT $319

MISCELLANEOUS COMMENTARY: $1,000 down payment. Good income and several autos paid off, but Bankruptcy discharged only 9 months ago. Could have bought a more expensive car, dealer said I would be fine to buy an Expedition I was looking at that would have been 22K, but I wanted to be conservative and not get into trouble stretching myself like I did pre-bankruptcy.

Edited February 25, 2011 by KevinInFlorida

[boost-fico]

APPROVING BANK Ally

BUREAU PULLED Transunion

CREDIT SCORE 740

CUSTOMER STATE OF RESIDENCE IL

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 8

RETAIL/LEASE Retail

AMOUNT OF LOAN $21,731.57

ADVANCE PERCENTAGE 82%

TERM CONTRACTED 60

APR/LEASE RATE 2.90%

MONTHLY PAYMENT $389.98

MISCELLANEOUS COMMENTARY: New 2011 Jeep Patriot 4x4. TU 740...7% utilization...clean but thin credit file...closed joint accounts and opened new lines post-divorce, so low revolving limits and AAOA. Approved @ 4.96% by Cap1...Online app to Ally resulted in instant denial (length at residence <1 year??)...had dealer re-submit to Ally with income verification and was approved @ 2.90%. Raised TU score from 660 to 740 over last 10 months. Purchased vehicle 1 year and 1 day after being offered a used car loan @ 21% for 84 months by Santander. What a difference a year makes.

Bonus fun fact: When I got home and looked through the factory documents, I found out the vehicle rolled off the assembly line on my birthday.

[cbry77]

APPROVING BANK: FIFS

BUREAU PULLED: Equifax

CREDIT SCORE: 480 Wife / 467 Me

CUSTOMER STATE OF RESIDENCE: Georgia

NEW/USED: Used

YEAR OF VEHICLE: 2008

MILEAGE: 20,100

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 19,900

ADVANCE PERCENTAGE: 60%

TERM CONTRACTED: 72

APR/LEASE RATE: 17.21%

MONTHLY PAYMENT: 432.70

MISCELLANEOUS COMMENTARY: Proud owner of a 2008 Mercedes Benz C300. We are on the upswing after a failed business venture. This is the first time that we have had to get a loan with bad credit. Lots of charge offs and slow pays, but mortgage has always been on time. We put down $9000 and have combined income of over $150,000 a year.

[MownGo]

APPROVING BANK NFCU - Navy Federal Credit Union

BUREAU PULLED Equifax

CREDIT SCORE 619

CUSTOMER STATE OF RESIDENCE Florida

NEW/USED Used

YEAR OF VEHICLE 1973 Volkswagen Beetle

MILEAGE Exempt

RETAIL/LEASE Retail

AMOUNT OF LOAN $3,800.00

ADVANCE PERCENTAGE

TERM CONTRACTED Chose 30 months

APR/LEASE RATE 11.09

MONTHLY PAYMENT 145.00

MISCELLANEOUS COMMENTARY: 2nd auto loan with NFCU in 6 months

Edited March 7, 2011 by MownGo

[beonthelkout]

APPROVING BANK-Capital OneBUREAU PULLED-Experian

CREDIT SCORE-620 Auto Enhanced

CUSTOMER STATE OF RESIDENCE-CA

NEW/USED-Used

YEAR OF VEHICLE-2010 Hyundai Genesis Coupe

MILEAGE-10,600

RETAIL/LEASE-Retail

AMOUNT OF LOAN-21,700 w/ TTL

ADVANCE PERCENTAGE-93%

TERM CONTRACTED-72

APR/LEASE RATE-12%

MONTHLY PAYMENT-426

MISCELLANEOUS COMMENTARY:$1600 down. I applied online through the dealer and was called with an approval a couple hours later. Required POI. Interest rate is not the greatest, but I plan on refinancing within 6 months if my scores improve.

Edited March 12, 2011 by MarvBear

[tireredsquare]

APPROVING BANK: Service CU

BUREAU PULLED: Experian

CREDIT SCORE: North of 800 (couldnt tell me the exact score) Auto FICO

CUSTOMER STATE OF RESIDENCE: Military Overseas

NEW/USED: New

YEAR OF VEHICLE: 2011 or 2012

MILEAGE: Build

RETAIL/LEASE: Retail

AMOUNT OF LOAN: Up to $42,000

ADVANCE PERCENTAGE: 100%

TERM CONTRACTED: 70

APR/LEASE RATE: 2.24%

MONTHLY PAYMENT: $655

MISCELLANEOUS COMMENTARY: Took 4 hours from online app to approved over the phone. Asked a lot of questions but was easy to complete. 2nd auto loan through same bank, first lone 1/2 paid off. 20% UTIL but only on 1 card. They said I could refinance my current loan with the same credit pull for up to 30 days. Great customer service.

 

Going to purchase Volvo XC60

[Star1980]

APPROVING BANK: Americredit

BUREAU PULLED: TransUnion

CREDIT SCORE: 614

CUSTOMER STATE OF RESIDENCE: Michigan

NEW/USED: Used

YEAR OF VEHICLE: 2010

MILEAGE: 12029

RETAIL/LEASE: Retail

AMOUNT OF LOAN:24,596

ADVANCE PERCENTAGE

TERM CONTRACTED: 72 months

APR/LEASE RATE: 18%

MONTHLY PAYMENT:563.00

MISCELLANEOUS COMMENTARY: Had no choice but to move now because our expanding family could NOT fit into my car!!! Credit was a little shaky because of high utilization and about 5 small medical bills. APR sucks<_< but I plan to pay down negative equity with bonus at beginning of next year, pay a little more principal each month, pay down my credit cards, and refinance! Even though I can afford it, I can't stomach having to pay that high a payment!

[Artinsocal]

APPROVING BANK Alaska Fed Credit Union

BUREAU PULLED All Three

CREDIT SCORE Experian 686 Equifax 736 TU 748

CUSTOMER STATE OF RESIDENCE California

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 33

RETAIL/LEASE Retail

AMOUNT OF LOAN 42,664

ADVANCE PERCENTAGE

TERM CONTRACTED 78 mos

APR/LEASE RATE 3.99

MONTHLY PAYMENT 621.87

MISCELLANEOUS COMMENTARY: I had a BK that fell off March of 2010, I acquired 2 credit cards immediately after that and have had them for a year. I had not problem acquiring this loan with a 3.99% rate, I put down $10,000 including a trade. I had a car loan on my CB 3 year history that was paid off this month perfect payments, no late.

[puertorico]

APPROVING BANK Local Credit Union

BUREAU PULLED Transunion

CREDIT SCORE 732 (I see a Fico of 750)

CUSTOMER STATE OF RESIDENCE Puerto Rico

NEW/USED New

YEAR OF VEHICLE 2011 Dodge RAM HEMI

MILEAGE 0

RETAIL/LEASE 36,188

AMOUNT OF LOAN 31,000

ADVANCE PERCENTAGE

TERM CONTRACTED 72 Months

APR/LEASE RATE 5.95

MONTHLY PAYMENT $513

MISCELLANEOUS COMMENTARY: biggest credit was a 3500 loan that I got 8 months ago and was paid off 2 weeks ago.... AAOA 2.4 years

Edited March 30, 2011 by MarvBear

[Darth_Hangover]

APPROVING BANK: USAA

BUREAU PULLED: EQUIFAX

CREDIT SCORE: EQ: 685 (myFico), 726 (USAA CCM); TU: 696(myFico), 734 (USAA CCM); EX: 705 (USAA CCM)

CUSTOMER STATE OF RESIDENCE: PA

NEW/USED: NEW

YEAR OF VEHICLE: 2011

MILEAGE: N/A

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 46,000

ADVANCE PERCENTAGE: 0

TERM CONTRACTED: 60Mos/72Mos

APR/LEASE RATE: 7.35% (60mos)/8.24% (72mos)

MONTHLY PAYMENT: N/A

MISCELLANEOUS COMMENTARY: This was to get a preapproval before I go shopping/make a deal. Screwed up, though, because I just paid down a good portion of my outstanding CC balances, which should raise my score, so I should have waited until that hit my report before proceeding. I would like to get a lower rate than this, so I may be reapplying, looking at other options after my score updates, or getting my wife to cosign...

Edited March 31, 2011 by Darth_Hangover

[Towguy]

APPROVING BANK: Santander Consumer

BUREAU PULLED: EQUIFAX

CREDIT SCORE: EQ:519, EX 527, TU 535

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED:USED

YEAR OF VEHICLE: 2007

MILEAGE: 25,565

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 16,767

ADVANCE PERCENTAGE: 0

TERM CONTRACTED: 72Mos

APR/LEASE RATE: 22%

MONTHLY PAYMENT 423

Not really the bank that I wanted to go with. Had a repo that was just getting ready to come off, but bought the truck before it did. Lots of CO accounts, but am in the process of rebuilding my credit.

[warpchant]

APPROVING BANK Mountain America Credit Union (Utah)

BUREAU PULLED All Three

CREDIT SCORE Experian 630 Equifax 563 TU 652

CUSTOMER STATE OF RESIDENCE California

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 5

RETAIL/LEASE Retail

AMOUNT OF LOAN 52,400

ADVANCE PERCENTAGE

TERM CONTRACTED 60 mos

APR/LEASE RATE 8.25

MONTHLY PAYMENT 985

MISCELLANEOUS COMMENTARY: I had a dismissed Chapter 13 bankruptcy (dismissed, not discharged in 10/2008.) 3 Collection accounts and several charge offs. I had a car loan that was not included in the original bankruptcy that was pristine. No late payments at all. I had $4500 in equity on my trade-in for a loaded 2011 Toyota 4Runner. I could have knocked my interest rate down if I had put up an additional $3000. I went through the finance office of the Toyota Dealership in Reno, NV. They found the credit union. They then told me to come back in a year to refinance at a much lower APR. I think that my higher income and no lates on the auto loan helped. Also, using this site, in the past 3 months I have brought up my TU and EX scores by more than 50 points.

[syldcru]

I have to say thank you to this GREAT community!!! I was approved on 4/7/2011

 

APPROVING BANK: Navy Federal Credit Union

BUREAU PULLED: Equifax

CREDIT SCORE: 756

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED: USED

YEAR OF VEHICLE: 2004

MILEAGE: 79900

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 11,500

ADVANCE PERCENTAGE :

TERM CONTRACTED: 60 months

APR/LEASE RATE: 3.99

MONTHLY PAYMENT: 213

MISCELLANEOUS COMMENTARY:

Edited April 27, 2011 by MarvBear

[mjdozitrt]

APPROVING BANK: BMW Financial

BUREAU PULLED: EQF

CREDIT SCORE: 675

CUSTOMER STATE OF RESIDENCE: IL, purchased in WINEW/USED: New

YEAR OF VEHICLE: 2011

MILEAGE: 5

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $73,000

ADVANCE PERCENTAGE: 115%

TERM CONTRACTED: 60mth

APR/LEASE RATE: 4.9% APR

MONTHLY PAYMENT: $1060 (w\ ballon pymt of 22k @ end)

MISCELLANEOUS COMMENTARY:

[DynamicallyWoman]

APPROVING BANK: Ford Motor Credit

BUREAU PULLED: TU

CREDIT SCORE: 650

CUSTOMER STATE OF RESIDENCE: IL

NEW/USED: New

YEAR OF VEHICLE: 2011

MILEAGE: 5500

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 21,000

ADVANCE PERCENTAGE: ?

TERM CONTRACTED: 72 mos

APR/LEASE RATE: 1.9% APR

MONTHLY PAYMENT: $319.80

MISCELLANEOUS COMMENTARY: Traded in a paid off Explorer for a '11 Escape, 10,000 trade, 0% down, previous FMCC loan paid perfectly.

[txbaycpa]

APPROVING BANK: Ally

BUREAU PULLED: Equifax / CSC

CREDIT SCORE: 785

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: Used

YEAR OF VEHICLE: 2010

MILEAGE: 27K

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $35K

ADVANCE PERCENTAGE Have no idea what this is

TERM CONTRACTED: 60 Months

APR/LEASE RATE: 2.9% (Also approved for 1.9% if I went with a shorter term but opted to do the 60 months)

MONTHLY PAYMENT: $600

MISCELLANEOUS COMMENTARY: No lates or derogs on EQ. Low utilization. No inquiries on EQ either prior to them pulling. This was my best of the 3 CRA's so I insisted they pull EQ/CSC ONLY for approval.

[Klesko]

APPROVING BANK Wells Fargo

BUREAU PULLED Equiafx

CREDIT SCORE 680 Auto Enhanced

CUSTOMER STATE OF RESIDENCE NC

NEW/USED New

YEAR OF VEHICLE 2011

MILEAGE 55

RETAIL/LEASE Retail

AMOUNT OF LOAN $37,700

ADVANCE PERCENTAGE 93%

TERM CONTRACTED 72

APR/LEASE RATE 6.0%

MONTHLY PAYMENT $621

MISCELLANEOUS COMMENTARY: BK from 12/09 traded in a car with a 18% loan from right after the bk, was 1k upside down on it.

Edited June 4, 2011 by Klesko

[jjohn40]

APPROVING BANK Dallas Credit Union

BUREAU PULLED Experian

CREDIT SCORE 543

CUSTOMER STATE OF RESIDENCE TX

NEW/USED Used Acura

YEAR OF VEHICLE 2009

MILEAGE 27000

RETAIL/LEASE Retail

AMOUNT OF LOAN $26,599

ADVANCE PERCENTAGE 105%

TERM CONTRACTED 60

APR/LEASE RATE 4.9% (Qualified for 0% @ 60 mos, too)

MONTHLY PAYMENT $500

MISCELLANEOUS COMMENTARY: post BK13 dismissed. 6 new credit cards low limits- loan officer pulled report saw disputes on baddies. And approved based on income and new credit history. Love credit unions!!!

[ndesai8]

APPROVING BANK Wells Fargo

BUREAU PULLED ?

CREDIT SCORE 660

CUSTOMER STATE OF RESIDENCE CT

NEW/USED USED

YEAR OF VEHICLE 2007

MILEAGE 36,000

RETAIL/LEASE Retail

AMOUNT OF LOAN $22,000

ADVANCE PERCENTAGE ?

TERM CONTRACTED 72

APR/LEASE RATE 10.9%

MONTHLY PAYMENT $434

MISCELLANEOUS COMMENTARY: Bk Ch7 discharged in 2008. Rebuilding credit, only have 1 credit card with $1000 limit and other with $750 limit. Bought Acura MDX certified pre owned and put $5000 down.

[Dolemite_73]

APPROVING BANK:PSECU

BUREAU PULLED: EX

CREDIT SCORE: 720

CUSTOMER STATE OF RESIDENCE: MD

NEW/USED:

YEAR OF VEHICLE

MILEAGE

RETAIL/LEASE

AMOUNT OF LOAN: 45,000

ADVANCE PERCENTAGE: N/A

TERM CONTRACTED: 72

APR/LEASE RATE: 4.99%

MONTHLY PAYMENT: $777.00

MISCELLANEOUS COMMENTARY: Pre-approval. Not sure if I am going to use the loan to buy or try to lease. Hope to make that decision soon, but it is nice to have this pre-approval in my back pocket.

[pandora80]

APPROVING BANK:Santander

BUREAU PULLED: TU

CREDIT SCORE: 596

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED: USED

YEAR OF VEHICLE 2010

MILEAGE 13000

RETAIL/LEASE RETAIL

AMOUNT OF LOAN: 17301

ADVANCE PERCENTAGE: N/A

TERM CONTRACTED: 72

APR/LEASE RATE: 13.24

MONTHLY PAYMENT: $348.12

MISCELLANEOUS COMMENTARY: