TODAY'S APPROVALS

[jgill84]

APPROVING BANK:Gm Finanical/Americredit

BUREAU PULLED: Equifax only

CREDIT SCORE: 550

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: New

YEAR OF VEHICLE: 2011

MILEAGE: 8

RETAIL/LEASE: Sale

AMOUNT OF LOAN 36,600

ADVANCE PERCENTAGE

TERM CONTRACTED: 72 Months

APR/LEASE RATE: 11.6%

MONTHLY PAYMENT $710

MISCELLANEOUS COMMENTARY Traded in my 07 silverado on an extended cab serria. Put 2500 down to cover neg equity. Pretty decent rate and i love the new truck:

[DJinMT]

APPROVING BANK - Capital One Auto Finance

BUREAU PULLED - Equifax

CREDIT SCORE - 641

CUSTOMER STATE OF RESIDENCE - Montana

NEW/USED - Used

YEAR OF VEHICLE - 2010

MILEAGE 26,000

RETAIL/LEASE - Sale

AMOUNT OF LOAN - $14,194

ADVANCE PERCENTAGE - 110%

TERM CONTRACTED - 60 months

APR/LEASE RATE - 7.76%

MONTHLY PAYMENT - $287

MISCELLANEOUS COMMENTARY: 2010 Kia Forte Koup EX. Capital One "Blank Check" process could not have been easier. Approved in 60 seconds. "Blank Check" arrived in the mail about 4 days after approval. Dealer accepted the check with no problems or hassle.

[flathirdgen]

APPROVING BANK - Suntrust

BUREAU PULLED - Equifax

CREDIT SCORE - 626

CUSTOMER STATE OF RESIDENCE - Florida

NEW/USED - Used

YEAR OF VEHICLE - 2010

MILEAGE 7,100

RETAIL/LEASE - Sale

AMOUNT OF LOAN - $14,540

TERM CONTRACTED - 60 months

APR/LEASE RATE - 6.8%

MONTHLY PAYMENT - $287

MISCELLANEOUS COMMENTARY: 2010 Dodge Charger R/T Got screwed by the dealer. Gary Yeomans Ford Charged advertised price plus $2K on top of it. Paying off the loan as soon as it gets an account #.

[gen1MD]

The following is just pre-approval info with no particular vehicle selected yet.

 

 

APPROVING BANK: USAA

BUREAU PULLED: Equifax

CREDIT SCORE: 749

CUSTOMER STATE OF RESIDENCE: AL

NEW/USED: NEW

YEAR OF VEHICLE: NEW

MILEAGE:

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 41,500 - 45,650

ADVANCE PERCENTAGE

TERM CONTRACTED: 72

APR/LEASE RATE: 3.99

MONTHLY PAYMENT: DEPENDS ON FINAL PRICE OF VEHICLE (NO MORE THAN $ 719.08 based on max pre-approval amount)

MISCELLANEOUS COMMENTARY:

[BossHog]

APPROVING BANK: NFCU

BUREAU PULLED: Equifax

CREDIT SCORE: 719 fako

CUSTOMER STATE OF RESIDENCE: NY

NEW/USED: NEW

YEAR OF VEHICLE: 2011

MILEAGE: 5

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: approx 33k

ADVANCE PERCENTAGE

TERM CONTRACTED: 72

APR/LEASE RATE: 5.29%

MONTHLY PAYMENT:

MISCELLANEOUS COMMENTARY: 55% total utilization and was nearly maxed on my $20K NFCU CC. I previously had long term goals to apply to Penfed or PSECU for an auto loan as well as I was denied their CCs and needed a way in but somehow forgot about this master plan. Doh! At least NFCU is keeping me happy.

Edited December 9, 2011 by MarvBear

[icedaccord19]

APPROVING BANK Florida Commerce CU

BUREAU PULLED Equifax

CREDIT SCORE 657 Auto Enhanced

CUSTOMER STATE OF RESIDENCE Florida

NEW/USED Used

YEAR OF VEHICLE 2011

MILEAGE 25000

RETAIL/LEASE Retail

AMOUNT OF LOAN 23000

ADVANCE PERCENTAGE

TERM CONTRACTED 60

APR/LEASE RATE 4.49

MONTHLY PAYMENT 398.00

MISCELLANEOUS COMMENTARY: 27% utilization 3 year perfect auto history with same CU. SOOO HAPPY WITH RATE COMIN FROM 17.9% PREVIOUS AUTO LOAN!!!!!

[Simpleisgreat]

APPROVING BANK Mercedes Benz Financial

BUREAU PULLED Transunion

CREDIT SCORE )779 (TU98), 813 (TU08

CUSTOMER STATE OF RESIDENCE OHIO

NEW/USED NEW

YEAR OF VEHICLE 2012

MILEAGE 5

RETAIL/LEASE LEASE

AMOUNT OF LOAN 37,791 (Lease payments), Vehicle $77K

ADVANCE PERCENTAGE

TERM CONTRACTED 39

APR/LEASE RATE TIER 1

MONTHLY PAYMENT 969.00

MISCELLANEOUS COMMENTARY: Perfect auto loan history, prior lenders - BMW Financial, US Bank, Daimler Financial. AAOA 16 yrs. Applied with dealer as they do not pull report, they submitted application directly to MB Financial, so it was ONLY ONE inquiry, very easy process, done in less than 15 min.

[Simpleisgreat]

APPROVING BANK Lexus Financial Services

BUREAU PULLED Transunion

CREDIT SCORE 779 (TU98), 813 (TU08)

CUSTOMER STATE OF RESIDENCE OHIO

NEW/USED NEW

YEAR OF VEHICLE 2012

MILEAGE 5

RETAIL/LEASE LEASE

AMOUNT OF LOAN 24,408(Lease payments), Vehicle $54K

ADVANCE PERCENTAGE

TERM CONTRACTED 36

APR/LEASE RATE Top Tier

MONTHLY PAYMENT 668.00

MISCELLANEOUS COMMENTARY: Perfect auto loan history, prior lenders - BMW Financial, US Bank, Daimler Financial. AAOA 16 yrs. Purchased same day as my Mercedes as I traded in my 2010 BMW X5. Applied with dealer, 2 inquiries - 1 from Lexus, 1 from dealer and got pre-approved for Lexus Pursuit Visa which I accepted.

[tryingtofixmylife5241]

APPROVING BANK cap one

BUREAU PULLED experian

CREDIT SCORE 585

CUSTOMER STATE OF RESIDENCE ca

NEW/USED new

YEAR OF VEHICLE 2012

MILEAGE 7

RETAIL/LEASE

AMOUNT OF LOAN 24000

ADVANCE PERCENTAGE

TERM CONTRACTED

APR/LEASE RATE

MONTHLY PAYMENT

MISCELLANEOUS COMMENTARY:

[Linx04]

APPROVING BANK Cornerstone Credit Union

BUREAU PULLED Experian

CREDIT SCORE 576

CUSTOMER STATE OF RESIDENCE MI

NEW/USED Used

YEAR OF VEHICLE 2007

MILEAGE 58K

RETAIL/LEASE Buy

 

AMOUNT OF LOAN 14,500

ADVANCE PERCENTAGE

TERM CONTRACTED 48 Mos

APR/LEASE RATE 7%

MONTHLY PAYMENT 278

MISCELLANEOUS COMMENTARY: My credit is TOAST and I was two weeks off a repo from Credit Acceptance for being not even a month behind. I put down 2500.00 but the interest rate and term are awesome, considering my loan with Credit Acceptance was 21% on a car with 130K miles over 6 yrs was nearly 400.00 per month.

[ilvwhtgrls]

APPROVING BANK: Cap1

BUREAU PULLED: EX, TU

CREDIT SCORE: 672, 665

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: USED

YEAR OF VEHICLE: 2007

MILEAGE: 55,100

RETAIL/LEASE: Retail

AMOUNT OF LOAN:11,000

TERM CONTRACTED: 48 months

APR/LEASE RATE: 8.02

MONTHLY PAYMENT: 265

MISCELLANEOUS COMMENTARY: The total was 15.6k but I put down 4.6k. I was approved VIA Cap1's blank check program @ 12-13% but the dealership was able to get me a better rate.

[jgill84]

APPROVING BANK: NorthState

BUREAU PULLED: EX,

CREDIT SCORE: 695

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED: USED

YEAR OF VEHICLE: 2006

MILEAGE: 131,000

RETAIL/LEASE: Retail

AMOUNT OF LOAN:13,500

TERM CONTRACTED: 48 months

APR/LEASE RATE: 18

MONTHLY PAYMENT: 417

MISCELLANEOUS COMMENTARY This is for a truck for my business. Didnt like the interest rate but i def wont carry out the loan that far. 2006 F-350 Supercab XLT 4x4. OTD price was 15,600.

[twizzle]

APPROVING BANK Service Credit Union

BUREAU PULLED Exp

CREDIT SCORE 686 (680 EQ and 686 TU)

CUSTOMER STATE OF RESIDENCE NH

NEW/USED USED

YEAR OF VEHICLE 2005

MILEAGE 79K

RETAIL/LEASE RETAIL

AMOUNT OF LOAN 8770 (PUR PRICE 9575, $805 DOWN)

ADVANCE PERCENTAGE

TERM CONTRACTED 49 MO

APR/LEASE RATE 4.7

MONTHLY PAYMENT 198

MISCELLANEOUS COMMENTARY: It's a 05 Exploder XLT. (I just loveeee my Exploders.) BK7 in 08. (Bought house and app'd for prime cards this yr, hence the lower scores.) We were actually going to pay cash but we had been thinking of switching banks due to fees and figured this was a good opp to move to a CU and add a new line of credit w only one ing. Process was quick, easy, just had to fax pay stub and letter of exp for BK. Going to let it report a few mos and then PIF.

Edited January 10, 2012 by twizzle

[Gorilla]

APPROVING BANK Genisys Credit Union

BUREAU PULLED TU

CREDIT SCORE610 fako

CUSTOMER STATE OF RESIDENCE MI

NEW/USED NEW

YEAR OF VEHICLE 2012

MILEAGE

RETAIL/LEASE Retail

AMOUNT OF LOAN 29k

ADVANCE PERCENTAGE

TERM CONTRACTED 72mo

APR/LEASE RATE10.99%

MONTHLY PAYMENT $470

MISCELLANEOUS COMMENTARY: Two months post discharge, 2nd auto loan. Requiring 4k down because of the short length since bk

[RenewingMe]

APPROVING BANK CARMAX ON 01/17/2012

BUREAU PULLED TU

CREDIT SCORE 574/570/577 FAKO;494 FICO

CUSTOMER STATE OF RESIDENCE TX

NEW/USED USED

YEAR OF VEHICLE 2008 MB C300 LUXURY

MILEAGE 24197

RETAIL/LEASE RETAIL

AMOUNT OF LOAN $30K

ADVANCE PERCENTAGE ??

TERM CONTRACTED 72

APR/LEASE RATE 12.9

MONTHLY PAYMENT $594.00

MISCELLANEOUS COMMENTARY: FICOTANKED TO 494 DUE TO UNSUCCESSFUL, EIGHT-MONTH MORTGAGE LOAN MODIFICATION NEGOTIATIONSWITH BOA; CURRENT AUTO LOAN AND VISA NEVER LATE; COUPLE OF SMALL, OLD COLLECTIONS. APPROVED WITH ZERO DOWN. INCIDENTALLY, RECEIVED NOTICE FROM MYFICOTHAT SCORE WENT UP TO 517 TODAY.

[Krish]

APPROVING BANK: American Honda Finance Corporation

BUREAU PULLED : EX

CREDIT SCORE 760 Fico

CUSTOMER STATE OF RESIDENCE AZ

NEW/USED NEW

YEAR OF VEHICLE 2012

MILEAGE: 7

RETAIL/LEASE Retail

AMOUNT OF LOAN 22K

ADVANCE PERCENTAGE

TERM CONTRACTED 36mnths

APR/LEASE RATE 0.9%

MONTHLY PAYMENT $683

MISCELLANEOUS COMMENTARY: got another preapproval from Penfed for 20K and at 1.99% for 60 months. Dealer gave me incentives if I go with AHFC and took it.

[rchamilt]

APPROVING BANK Mercedes-Benz Finance

BUREAU PULLED Transunion

CREDIT SCORE 680

CUSTOMER STATE OF RESIDENCE TX

NEW/USED Used

YEAR OF VEHICLE 2007

MILEAGE 43900

RETAIL/LEASE Retail

AMOUNT OF LOAN 26200

ADVANCE PERCENTAGE 20%/$5000

TERM CONTRACTED 60 mos

APR/LEASE RATE 7.24%

MONTHLY PAYMENT $523.89

 

 

MB '07 E350 + Ext. warranty 48mo./135k mi + tire/wheel/dent/ding warranty via MB

 

Experian 677 Equifax 645 2 Repo's from 2003; one 30 late 18 mos. ago

[Woolfman]

APPROVING BANK US BANK

BUREAU PULLED Equifax

CREDIT SCORE 696

CUSTOMER STATE OF RESIDENCE Florida

NEW/USED NEW

YEAR OF VEHICLE 2012

MILEAGE 10

RETAIL/LEASE retail

AMOUNT OF LOAN 20890

ADVANCE PERCENTAGE Not sure had 5500 trade in

TERM CONTRACTED 72 months

APR/LEASE RATE 3.75%

MONTHLY PAYMENT 323.00

MISCELLANEOUS COMMENTARY: Had a loan approved through USAA at 4.49% but the dealer beat it so we went with US Bank

[graphickellie]

APPROVING BANK: Capital One Auto Finance

BUREAU PULLED: Experian

CREDIT SCORE: 563

CUSTOMER STATE OF RESIDENCE: Ohio

NEW/USED: New

YEAR OF VEHICLE: 2012

MILEAGE: 6

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 16950.00

ADVANCE PERCENTAGE not sure

TERM CONTRACTED: 72

APR/LEASE RATE: 15

MONTHLY PAYMENT: 313.20

MISCELLANEOUS COMMENTARY:In the process of rebuilding- had lots of accounts in collections and opened my first credit card March 2011 w/Capital One, paid on time every month (usually in full) and put 3,000 down.

[latoyashaw]

APPROVING BANK: Carmax Auto Financing[/i]

BUREAU PULLED:

CREDIT SCORE: 574

CUSTOMER STATE OF RESIDENCE: GA

NEW/USED: Used

YEAR OF VEHICLE: 2009

MILEAGE: 33K

RETAIL/LEASE: Sale

AMOUNT OF LOAN 13960

ADVANCE PERCENTAGE

TERM CONTRACTED: 72 months

APR/LEASE RATE: 15.75

MONTHLY PAYMENT $362

MISCELLANEOUS COMMENTARY: Ch 7 bk discharged 08/11. I was able to get financing from Capital One and Georgia's Own CU but Carmax beat their rates.

[mellontoxic]

APPROVING BANK: Capital One Auto (Blank Check)

BUREAU PULLED: Exp, Tu, Eq

CREDIT SCORE: 620, 638, 650

CUSTOMER STATE OF RESIDENCE: NY

NEW/USED: New

YEAR OF VEHICLE: 2012

MILEAGE: New

RETAIL/LEASE: Sale

AMOUNT OF LOAN Max loan Amt $32,400

ADVANCE PERCENTAGE:

TERM CONTRACTED: 66 months

APR/LEASE RATE: 3.61%

MONTHLY PAYMENT: $541.99 if max amount used.

MISCELLANEOUS COMMENTARY: BK in 2007, included Cap One Card. Previous auto loan included in BK (Ford Credit). Tried local dealership (Toyota) last weekend and they approved me for $25000 11.9% 60 months. Single, no dependents. Income: $64,000 yr. Still in Shock!

[Isa]

APPROVING BANK: Suntrust

BUREAU PULLED: Equifax Beacon

CREDIT SCORE: 712

CUSTOMER STATE OF RESIDENCE: Maryland

NEW/USED: Certified Used

YEAR OF VEHICLE: 2010

MAKE: Chevrolet

MODEL:Equinox Ls

MILEAGE: 36584

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 17177. The price of the car is 16,977. I was approved for the total amount of the loan including tax and fees which is 18007.56.

TERM CONTRACTED: 72

APR/LEASE RATE:3.59

MONTHLY PAYMENT:265.94

ANNUAL INCOME:

MISCELLANEOUS COMMENTARY: Ok, So I just bought this car, a few hours ago, this is my very first Auto loan and I should actually be happy but I'm actually worried that maybe I didn't get a good deal? You tell me:I meant to just go and look I wasn't going to buy today but they kind of pressured me. At the same time, I'm relieved that I got this thing over with, I have been very stressed lately about this. I think I got a nice deal but it could've been better I'm sure. I went in with a Bank of america approval of 15000 at a rate of 3.87 (3.2 if I had bought the car with one of their dealer. This one wasn't one of them) and 257/mth for 60mths. I left the dealership with a loan that they ran for me for 18007.56-everything included (tax, fees,,), I paid the tax ($1300) as a downpayment and it's 17177 that's left, which includes the dealer fee of 199. The first payment is due in april. I have one month free. The car is certified by GMC so, 100,000m/5yrs for the engine and additional 1 year/12000m bumper to bumper... well, I'm not worried about the certification, my only thing is the length of the loan and the rate. Did I get a good deal??He's telling me that eventhough I have a good score, there isn't much in the report ( History is 4yrs and 9 months and I only have two credit card currently, 3 closed accts and 1 student loan that's been deferred). He basically called my score a "fake score" It's good but there's not much in the credit rport. I know that my CR is very thin compared to others but for this score I thought I could get a better interest for a shorter term. He also tols me that this is a good rate for someone that's getting an auto loan for the 1st time, the average is 24% from what he told me. He also said it's more difficult to get approved for an Auto loan than a mortgage???Did I make a good choice or should I return the car? I have 5 days/250 miles to return it. I guess the good thing is that there won't be any penalty fees if I pay it off earlier (as I intend to do anyway). The guy was nice but I was giving him a very hard time as I read a lot about how dealers will try to trick you when they see you're not knowledgeable about cars.. So, What do you guys think?

[DPDIY]

APPROVING BANK: Cap One

BUREAU PULLED: Equifax Beacon

CREDIT SCORE: 616

CUSTOMER STATE OF RESIDENCE: California

NEW/USED: New

YEAR OF VEHICLE: 2012

MAKE: Nissan

MODEL: Juke SL Turbo CVT FWD

MILEAGE: 45

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 23125.

TERM CONTRACTED: 72

APR/LEASE RATE: 8.99

MONTHLY PAYMENT: 418.29

ANNUAL INCOME: 78171

MISCELLANEOUS COMMENTARY: Put $1000 cash down and got $1200 for an 8 year old trade in with 162 k miles on it.

Edited February 28, 2012 by MarvBear

[Alexa530]

APPROVING BANK: BMW FS

BUREAU PULLED: Experian

CREDIT SCORE: 733

CUSTOMER STATE OF RESIDENCE: MI

NEW/USED: Used (CPO)

YEAR OF VEHICLE: 2008

MILEAGE: 37800

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 24157

ADVANCE PERCENTAGE

TERM CONTRACTED: 72

APR/LEASE RATE: 2.9%

MONTHLY PAYMENT: 433.00

MISCELLANEOUS COMMENTARY: 2008 CPO 328i. Put 2k down to cover cost of Maintenance contract. BMW had a special on 08/09 CPO's, got first two payments covered by BMW.

[nitrox]

APPROVING BANK: Toyota Motor Credit

BUREAU PULLED: Equifax

CREDIT SCORE: 715

CUSTOMER STATE OF RESIDENCE: IN

NEW/USED: New

YEAR OF VEHICLE: 2011

MILEAGE: 14

RETAIL/LEASE: RETAIL

AMOUNT OF LOAN: 33000 (27k car, -5k neg equity on trade, warranty on backend)

ADVANCE PERCENTAGE

TERM CONTRACTED: 84

APR/LEASE RATE: 5.9%

MONTHLY PAYMENT: 480.50

MISCELLANEOUS COMMENTARY: zero down on new Prius, bk in 2008