TODAY'S APPROVALS

[HoldenMcGroin]

From earlier this week:

 

 

APPROVING BANK: Marine Federal Credit Union

BUREAU PULLED: EQ

CREDIT SCORE: 665 auto enhanced score

CUSTOMER STATE OF RESIDENCE: NC

NEW/USED: Used

YEAR OF VEHICLE: 2005

MILEAGE: 65000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 5000ish

ADVANCE PERCENTAGE: No idea what that means

TERM CONTRACTED: 24 months

APR/LEASE RATE: 6.9%

MONTHLY PAYMENT: 228

MISCELLANEOUS COMMENTARY: First time buyer. Put $5000 down.

[CreditMcNugget]

Before any of you flip out, I consulted my atty before making this purchase.

 

APPROVING BANK Scott Credit Union

BUREAU PULLED Transunion

CREDIT SCORE Didn't ask for AE Fico

CUSTOMER STATE OF RESIDENCE IL

NEW/USED Used

YEAR OF VEHICLE 2006

MILEAGE 43,020

RETAIL/LEASE Retail

AMOUNT OF LOAN $20,443.00

ADVANCE PERCENTAGE ~116%

TERM CONTRACTED 72 months

APR/LEASE RATE 15.8%

MONTHLY PAYMENT $444.06

MISCELLANEOUS COMMENTARY: 2006 VW Jetta 2.5 (see below pic)

Also, bk has not yet been discharged officially, although objection to discharge deadline has passed w/o any objections. Also, car traded was severely upside down. At another dealership I visited, I was only offered $650 for my trade. Needless to say, I left there without trading. The dealership I purchased from first offered $2000 for the trade. They ended up giving me $5,080 for my trade that has a payoff of $5,357. So, I only rolled $277.91 inequity into the deal. And, the price was not altered from original selling price either. As a matter of fact, they reduced the price by $526 (it was originally offered at $17,999).

 

So, for those of you who have lost hope and think it can't be done, I'm proof.

 

The new Jetta:

 

Both rides (06 Jetta, 06 Monte Carlo):

Edited August 2, 2008 by CreditMcNugget

[swannk]

APPROVING BANK Patelco

BUREAU PULLED Experian

CREDIT SCORE 682

CUSTOMER STATE OF RESIDENCE California

NEW/USED New

YEAR OF VEHICLE 2009

MILEAGE 15

RETAIL/LEASE Retail

AMOUNT OF LOAN $18,000

ADVANCE PERCENTAGE 110

TERM CONTRACTED 72 months

APR/LEASE RATE 7%

MONTHLY PAYMENT

MISCELLANEOUS COMMENTARY: Pre-approval, negatives: released tax lien, utility charge-off (paid), student loan (paid by guarantor).

[swannk]

APPROVING BANK NMAC

BUREAU PULLED Equifax

CREDIT SCORE 679 (must be auto-enhanced, myFICO said 659 recently)

CUSTOMER STATE OF RESIDENCE California

NEW/USED New

YEAR OF VEHICLE 2009

MILEAGE 15

RETAIL/LEASE Retail

AMOUNT OF LOAN $18,250

ADVANCE PERCENTAGE 104

TERM CONTRACTED 60 months

APR/LEASE RATE 3.9%

MONTHLY PAYMENT $335

MISCELLANEOUS COMMENTARY: Nissan Versa finance offer above Tier 2 (660+)

[miketxny]

APPROVING BANK: USAA

BUREAU PULLED: EQ

CREDIT SCORE: 630

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: NEW

YEAR OF VEHICLE: 2009

MILEAGE: na

RETAIL/LEASE:retail

AMOUNT OF LOAN: 18000

ADVANCE PERCENTAGE: 120%

TERM CONTRACTED: 72 mo.

APR/LEASE RATE: 6.89

MONTHLY PAYMENT:329.00

MISCELLANEOUS COMMENTARY: approved for up to 50K, 1 old charge off, 2 collections

[nyscene911]

Approval was actually about 2 weeks ago, but figured I should add anyway (its my wife's)

 

APPROVING BANK: Teachers FCU

BUREAU PULLED: TU

CREDIT SCORE: 762

CUSTOMER STATE OF RESIDENCE: New York

NEW/USED: Used

YEAR OF VEHICLE: 2007

MILEAGE: 23000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: ~28000. Just under

ADVANCE PERCENTAGE

TERM CONTRACTED: 60 months

APR/LEASE RATE: 5.99%

MONTHLY PAYMENT: I think it was $539.

MISCELLANEOUS COMMENTARY:

My CU. I have my loan through them as well, and they are great to deal with. Are also offering rate discounts for combined deposits of >$2500 (.5%) and >$5000 (1.0%)

Vehicle is GMC Acadia.

[Cook25]

APPROVING BANK: BMW Financial

BUREAU PULLED: EQ

CREDIT SCORE: 654

CUSTOMER STATE OF RESIDENCE: CA

NEW/USED: New

YEAR OF VEHICLE: 2008

MILEAGE: 0

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 45k

ADVANCE PERCENTAGE:

TERM CONTRACTED: 60 Months

APR/LEASE RATE: 0.9%

MONTHLY PAYMENT: 740

MISCELLANEOUS COMMENTARY: Zero down. Had Pre-Approval check from CU and BMW beat it. I doubt I would have qualified for the 0.9% special if I didn't have the pre-approval check.

[havanahjoe]

APPROVING BANK Chase/Subaru

BUREAU PULLED Experian

CREDIT SCORE 732

CUSTOMER STATE OF RESIDENCE CA

NEW/USED NEW

YEAR OF VEHICLE 2008

MILEAGE 114

RETAIL/LEASE Retail

AMOUNT OF LOAN $27,000

ADVANCE PERCENTAGE 8% + Tax/Title/Fees

TERM CONTRACTED 60 months

APR/LEASE RATE 3.9%

MONTHLY PAYMENT $496

MISCELLANEOUS COMMENTARY: I had had an original pull with TU and was 11 points away from 700 to get the special 3.9% financing. I was surprised to see I had 732 points on my Experian Auto Score.

[LKH]

kimrennin, would you explain what your post has to do with the topic?

[vballman]

APPROVING BANK: Wachovia

BUREAU PULLED: TU, EQ, EX

CREDIT SCORE: TU 632, EQ 628, EX 588

CUSTOMER STATE OF RESIDENCE: Alabama

NEW/USED: Used

YEAR OF VEHICLE: 2007

MILEAGE: 15000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 21000

ADVANCE PERCENTAGE: ????

TERM CONTRACTED: 72 months at simple interest, so will pay off sooner

APR/LEASE RATE: 11.99%. Roadloans was going to charge me 17.49%

MONTHLY PAYMENT: 416.00

MISCELLANEOUS COMMENTARY: I am so excited about this car. It is a 2007 Hyundai Azera. This is by far the nicest car I have ever owned. Having this TL will help my credit substantially.

[ms65442]

APPROVING BANK: Toyota

BUREAU PULLED: TU, EQ, EX

CREDIT SCORE: TEX 620 Auto Enhanced

CUSTOMER STATE OF RESIDENCE: California

NEW/USED:New

YEAR OF VEHICLE: 2008

MILEAGE: 100

RETAIL/LEASE: Retail

AMOUNT OF LOAN: 18000

ADVANCE PERCENTAGE: ????

TERM CONTRACTED: 72 months

APR/LEASE RATE: 9%

MONTHLY PAYMENT: 302.00

MISCELLANEOUS COMMENTARY:Was approved in the dealership at 12%, $0 down and $356/month payment and went home with the car. They called Monday (had bought late Friday night) and said they could get me 9% if I'd put $1500 down. I agreed, gave them $1500 and got 9%.

[miketxny]

APPROVING BANK: America Honda Finance

BUREAU PULLED: TU

CREDIT SCORE: 647

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: New

YEAR OF VEHICLE:2009

MILEAGE: 11

RETAIL/LEASE: retail

AMOUNT OF LOAN: 27104.99

ADVANCE PERCENTAGE: 125%

TERM CONTRACTED: 72

APR/LEASE RATE: 8.60

MONTHLY PAYMENT: 495.01

MISCELLANEOUS COMMENTARY: was also approved by USAA, but would only adv 120%...deal was 4000 upside down one old charge off, 2-3 collections, no late car pmts on 3 previous loans on credit report

[antonbhc]

Was initially approved through the same lender for $13K for an '07 Nissan Altima, but didn't want to pay $5K for DP, so went with:

 

APPROVING BANK: Chase Custom Finance

BUREAU PULLED: TU/EX/EQ

CREDIT SCORE: 525/520/530

CUSTOMER STATE OF RESIDENCE: New York

NEW/USED: Used

YEAR OF VEHICLE: 2004

MILEAGE: 55000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $9,597.00

ADVANCE PERCENTAGE

TERM CONTRACTED: 60 months

APR/LEASE RATE: 22.75%

MONTHLY PAYMENT: $283

MISCELLANEOUS COMMENTARY:

Ended up purchasing a 2004 Chevrolet TrailBlazer. F&I guy at my dealership was VERY agressive on getting my loan app approved. Though had to pay $3K down, but original sale price was $14099, price reduced to $11999 (possibly because of SUV's as slow sellers?)

[lorcat]

Approved for 2008 Suzuki Forenza with convenience package

 

APPROVING BANK: American Suzuki Financial

BUREAU PULLED: Dealer pulled all 3. Suzuki pulled EQ

CREDIT SCORE: EQ 610. TU & EX in the 640- 650 range

CUSTOMER STATE OF RESIDENCE: Florida

NEW/USED: New

YEAR OF VEHICLE: 2008

MILEAGE: 6

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $19316.47

ADVANCE PERCENTAGE:

TERM CONTRACTED: 72 months

APR/LEASE RATE: 13.24%

MONTHLY PAYMENT: $392.33

MISCELLANEOUS COMMENTARY: $0 money down but $500 customer rebate towards loan which includes GAP insurance. My balances are running high but planning on doing a re-fi next year after I pay down my balances. Clean reports. No previous auto loans. Loan was originally 21732.49 with 12.99 apr on Saturday but after they worked with Suzuki on Monday the price went down and apr went up.

[Kindred]

APPROVING BANK: American River Healthpro CU

BUREAU PULLED: EQ

CREDIT SCORE: EQ Beacon 679

CUSTOMER STATE OF RESIDENCE: California

NEW/USED: Used

YEAR OF VEHICLE: 2007

MILEAGE: 11000

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $29300.89

ADVANCE PERCENTAGE: ?

TERM CONTRACTED: 72 months

APR/LEASE RATE: 8.39%

MONTHLY PAYMENT: $521.15

MISCELLANEOUS COMMENTARY: $5k down for a used 2007 G35 Coupe. Was originally approved for 7.79% rate @ 60 months but after I added an extended warranty for 1k, I didn't like the monthly. So I went with 72 months @ 8.39%. Will refinance in a year or so. I'm very surprised I even got these rates with my thin file and a few baddies.

[Cattleya]

APPROVING BANK: PSE CU

BUREAU PULLED: EQ - via CUAC

CREDIT SCORE: unknown - DH never asked LOL - our myFICOs low 600s we have several paid/never late autos - rate likely due to my SL negs

CUSTOMER STATE OF RESIDENCE: Ohio

NEW/USED: New

YEAR OF VEHICLE: 2008

MILEAGE: 8

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $25500

ADVANCE PERCENTAGE: unkn

TERM CONTRACTED: 72 months

APR/LEASE RATE: 10%

MONTHLY PAYMENT: $473.02

MISCELLANEOUS COMMENTARY: Approved for upto 32K with Citi before we even went out shopping , was only soft pull (we were paying off our truck at the time they told us they could finance us for another car with only a soft pull), but rate was 13%. Price on 2008.5 Mazdaspeed 3 GT was 100 below invoice. DH went in to sign papers and F&I guy wanted to see if he could get us a better rate. I told my husband I was only willing if the F&I guy went through CUAC first (figured if we couldnt' get a better rate with a CU, it wouldn't be worth shopping us around the 'banks' since Citi already had us at 13%). Price above includes tax & title, road hazard and wheel warranty, & paint and interior warranty - we only put $250.00 down.

Edited September 27, 2008 by Cattleya

[wvudss]

APPROVING BANK: Audi Financial - VW CREDIT

BUREAU PULLED: TU

CREDIT SCORE: FICO of 685 -- returning lease never late

CUSTOMER STATE OF RESIDENCE: Bought in WV - titled in PA

NEW/USED: New

YEAR OF VEHICLE: 2009 Audi A4

MILEAGE: 17

RETAIL/LEASE: Lease

ADVANCE PERCENTAGE: 3,770 down

TERM CONTRACTED: 36 months

APR/LEASE RATE: ~4%

MONTHLY PAYMENT: $419

[TxGirlLookingForAHouse]

APPROVING BANK: NMAC

BUREAU PULLED: EQ (CSC)

CREDIT SCORE: My EQ fico 613, my husbands EQ fico 628

CUSTOMER STATE OF RESIDENCE: TX

NEW/USED: New

YEAR OF VEHICLE: 2008

MILEAGE: 12

RETAIL/LEASE: Retail

AMOUNT OF LOAN: $29820.67

ADVANCE PERCENTAGE: ?

TERM CONTRACTED: 72 months

APR/LEASE RATE: 10.19%

MONTHLY PAYMENT: $557.63

MISCELLANEOUS COMMENTARY: Only put $500 down, and traded in car that I was very upside-down on. Bought a new 08 Nissan Rogue.

[opfreak]

APPROVING BANK - VW

BUREAU PULLED - Unkown Yet Didn't ask.

CREDIT SCORE - According to Fiance Manager - 716 (Myfico had it at 711)

CUSTOMER STATE OF RESIDENCE - Wisconsin

NEW/USED - New

YEAR OF VEHICLE 2008 VW - Rabbit

MILEAGE - 143

RETAIL/LEASE - Retail

AMOUNT OF LOAN - 16056

ADVANCE PERCENTAGE = 93%

TERM CONTRACTED - 60

APR/LEASE RATE - 2.9

MONTHLY PAYMENT - 288

MISCELLANEOUS COMMENTARY: Traded in 2001 sunfire with 115k miles. 1k down. OTD price after downpayment was 16056. Great salesmen/finance guy. Took a total of 2 hours to complete entire deal. Didn't qualify for college grad, because of some baddies from 5 yeas ago.

 

P.S. Thanks to CB for helping me fix my credit, 4 years ago, no lender would touch me for a car. Now I got the best VW rate.

[easyone]

APPROVING BANK- West Bank ? Not sure of the exact name yet

BUREAU PULLED- TU 650

CREDIT SCORE-650 FAKO

CUSTOMER STATE OF RESIDENCE-NV

NEW/USED-USED

YEAR OF VEHICLE-2009

MILEAGE-1188

RETAIL/LEASE-Retail

AMOUNT OF LOAN-15888

ADVANCE PERCENTAGE-100%

TERM CONTRACTED-60 months

APR/LEASE RATE-14%

MONTHLY PAYMENT-380

MISCELLANEOUS COMMENTARY: BK d/c 07/08 CHpt 7, put 2k down (mostly took care of tax, titles etc fees)

Found car on internet was a trade by an older man who bought this Hyundai Sonota GLS Fully loaded and decided he wanted an Infiniti.Warranty came with car from Hyundai but 60k or 5 yrs vs the usual 100k PT warranty. Also bought gap, included in payment.

[lupoman]

APPROVING BANK- Penfed

BUREAU PULLED- EQ

CREDIT SCORE-764 MYFICO

CUSTOMER STATE OF RESIDENCE-HI

NEW/USED-NEW

YEAR OF VEHICLE-2009

MILEAGE-1

RETAIL/LEASE-Retail/Payment Saver Loan

AMOUNT OF LOAN-33848

ADVANCE PERCENTAGE-90%

TERM CONTRACTED-60 months

APR/LEASE RATE-5%

MONTHLY PAYMENT-$478

MISCELLANEOUS COMMENTARY: Worked hard on my Credit reports before I applied. Only ding's I had on the report were a few lates, 1 30 day 4 years ago, the rest will fall off by July 2009. Applied first for the Payment Saver Loan which is very similar to a Lease, except that you have Title to the car. Once that was approved, THEN I went for their credit card, approved for $25,000! If you want low payments, and dont mind a large sum at the end of your term, Payment saver is the way to go!! They make sure that the large sum at the end will NOT be more than the car is worth!

 

THANKS FOR ALL YOUR HELP MARVBEAR!!

 

 

2009 Dodge Challenger R/T!!

[Seablazer]

APPROVING BANK- Chase

CREDIT SCORE-556 Experian, Co-Signer 695 Experian

CUSTOMER STATE OF RESIDENCE-NY

NEW/USED-NEW

YEAR OF VEHICLE-2009 Mazda6 S Grand Touring

MILEAGE-50

RETAIL/LEASE-Retail

AMOUNT OF LOAN-29400

ADVANCE PERCENTAGE-89%

TERM CONTRACTED-72 months

APR/LEASE RATE-14% - Killer, but expected. Will re-fi in a years time.

MONTHLY PAYMENT-$620

MISCELLANEOUS COMMENTARY: Well, after a long day of being strung along by a dealer, I decided to venture out on my own and find the exact car I wanted. My original dealership decided to disregard my "S Plan" pricing to begin with, then they said I was approved for a loan with the stipulation that it does not have DVD Navigation. Pretty much a non-starter, but I was open until they would not give me any information about the lending bank until my co-signer came in.

So, I used my phone to search Mazda inventories in my general area (3 dealerships within 40 miles), and found the exact car I wanted... Mazda 6 S Grand Touring, Black, Black interior, Nav, Moonroof/Bose, and spoiler. Got to the dealership late, about 7:30pm, told the much "better" salesmen the ordeal and he go to work on new paperwork. F&I guy had one heck of a time getting approval, but eventually got a $30K line through Chase (this after 14 denials). Will pick up the car on Monday for $300 less than what the other dealer had quoted, now I just have to go back to the other dealer to receive my deposit check.

 

Day started at 10am, ended at 8:15, but well worth it!

[undertakeress]

APPROVING BANK: FMCC

BUREAU PULLED: I think EQ, not sure

CREDIT SCORE: Around 620, had my dad Cosign to get the approval

CUSTOMER STATE OF RESIDENCE Me- MI, dad -TN

NEW/USED New

YEAR OF VEHICLE 2009 Ford Fusion

MILEAGE 12

RETAIL/LEASE Lease

AMOUNT OF LOAN n/a

ADVANCE PERCENTAGE n/a

TERM CONTRACTED 36 months

APR/LEASE RATE

MONTHLY PAYMENT $249

MISCELLANEOUS COMMENTARY: Was flipping between this and a Mazda 3 or 6 - the Fusion gave me the biggest bang for my buck - bought on A plan. Went with the lease as I'll be getting married in a few years and will be able to get a retail car that I want more...Buying would've put my payments up about $130 more...Pick the vehicle up tomorrow after my dad FedEx's the paperwork back up from Tennessee!

[readytorecover]

APPROVING BANK- Lexus Financial Services

BUREAU PULLED- TU

CREDIT SCORE-704 MYFICO, But used 656 Auto Enhanced Score

CUSTOMER STATE OF RESIDENCE-KY

NEW/USED-NEW

YEAR OF VEHICLE-2009

MILEAGE-5

RETAIL/LEASE-Lease

AMOUNT OF LOAN-45000 (Actual lease amount unknown. I don't have my contract with me)

ADVANCE PERCENTAGE-

TERM CONTRACTED-39 months

APR/LEASE RATE-

MONTHLY PAYMENT-$589

MISCELLANEOUS COMMENTARY: This is my third open auto loan in the past year. First was for $9900 in July, then $35400 in September (both are traditional financing). First lease on CR since 1999.

[aroganttravis]

APPROVING BANK-Delta community credit union

BUREAU PULLED-Equifax

CREDIT SCORE-620

CUSTOMER STATE OF RESIDENCE-Georgia

NEW/USED-Used

YEAR OF VEHICLE-2007

MILEAGE-9500

RETAIL/LEASE-purchase

AMOUNT OF LOAN-16k

ADVANCE PERCENTAGE-100%

TERM CONTRACTED-60 months

APR/LEASE RATE-7.25%

MONTHLY PAYMENT-323.00

MISCELLANEOUS COMMENTARY:

Edited December 8, 2008 by MarvBear