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bigpoppa09

MyFako Condones this Crap

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On 9/18/2019 at 1:54 PM, hegemony said:

high score but settled for 84 effing months at a not great APR... not to mention the POS GMC is >60% of income.

 

 

APPROVING BANK: PENFED
BUREAU PULLED: EQ
CREDIT SCORE: 792
SOFT PULL/HARD PULL: HP
CUSTOMER STATE OF RESIDENCE: AL
NEW/USED: NEW/refi
YEAR OF VEHICLE: 2019
MAKE: GMC
MODEL: Sierra
MILEAGE: 1200
FINANCE/LEASE: Finance
PURCHASE PRICE: 63,300
AMOUNT OF LOAN: 62,618
TERM CONTRACTED: 84
APR/LEASE RATE: 4.49%
MONTHLY PAYMENT: 902.00
ANNUAL INCOME: 85,000.00

I recommend a trailer for this guy as well.

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i like the 72 months on certian vehicles. like the super duty wont deppreciate near like most other vehicles. and i got a banging deal on it knowing the gm of the dealership personally. OTD for a 2019 platinum superduty for 66k is unheard of. Most people pay close to 80 for it. and i dont have 140k in car loans. one is 66k now and the other is 36k. on my salary i get 15k a month and pay 1300 in truck payment, 2500 for house, and thats my bills as far as DTI goes. less than 20 percent mortgage included. 

100k effing kay in auto debt on 180k a year income (which I bet he's inflating here)

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8 hours ago, hegemony said:

100k effing kay in auto debt on 180k a year income (which I bet he's inflating here)

Wanna bet that he likes the low payment on an ARM too?

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Community Leader
Senior Contributor

‎09-27-2019 01:10 PM

Quote

 

VA residents

Just curious if you got your state tax check refund yet?

 

Seems like everyone I know got theirs, except for us of course

 

 

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APPROVING BANK: NFCU
BUREAU PULLED: Equifax
CREDIT SCORE:  Not sure which one they used: FICO Auto Score 8 - 830, FICO Auto Score 5 - 790

SOFT PULL/HARD PULL:  HARD
CUSTOMER STATE OF RESIDENCE: AR
NEW/USED: USED
YEAR OF VEHICLE: 2017
MAKE: Chevrolet
MODEL: Corvette
MILEAGE: 3,000
FINANCE/LEASE: Finance

PURCHASE PRICE: $51,900
AMOUNT OF LOAN: $45,000
TERM CONTRACTED: 72
APR/LEASE RATE: 5.29%
MONTHLY PAYMENT: $730.79
ANNUAL INCOME: $145k

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A '17 with only 3K miles? 

 

That being said, it is only $52K so there is no reason for that to go out six years...NONE!

 

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36 minutes ago, DPB said:

Also, 5.29% with that credit score? The CUs around me are offering 3.75% on that term.

AND IT WAS A HARD PULL!!!!!!!!!!!!!!!!!!

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Re: Best providers for 60-70k auto loans

I bought my 2019 Ford F-150 Raptor with Ford financing. Normally these trucks do not get a zero percent financing 60 month payment. I put $25k cash down and financed $42,000 through Ford. I told the dealer I know he is trying to get rid of his stock and every day that car sits on his lot it will cost him money. The MSRP was $74,000 fully loaded> I got it for $67,000!

 

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Most of that $25K down payment went directly into a rabbit hole as soon as he drove off the lot.  

 

This pick'emup truck craze as part of the countryfication of America cannot be good for the long term financial health of the vulnerable working class.  Nothing against trucks if you need one.  I think it is crazy what these sell for.    

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57 minutes ago, pacemaker67 said:

Most of that $25K down payment went directly into a rabbit hole as soon as he drove off the lot.  

 

This pick'emup truck craze as part of the countryfication of America cannot be good for the long term financial health of the vulnerable working class.  Nothing against trucks if you need one.  I think it is crazy what these sell for.    

Concur about costs...while I realize that inflation is indeed a real thing, I spec-ordered my F-350 in 2000 and it stickered at something like $32K.  With the price gouging in that segment, I am guessing it would now show an MSRP north of $80K if it had been something that still existed (FoMoCo decided that actual users of trucks don't need a manual transmission). 

 

When it got totaled in 2013, I still was able to get low five figures out of it...sadly, that is probably what the $60-80K crowd will get out of theirs in a similar situation...despite having fewer years on them. 

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On 10/14/2019 at 5:43 AM, hegemony said:

 

He got rapt.

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4 hours ago, cv91915 said:

QtzilH5.png

The follow-up includes this gem

 

" Your NEW credit line is $500 of which $70 is available as cash. "

 

Don't spend it all in one place LOL!

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just for you CV...

 

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Discover-Quadrunner/td-p/5774989

 

"for fun checked Discover; low and behold I saw a preapproval for 14 months @ 0%, 13.74% therafter. I decided to pull the trigger and had to call to verify that I actually applied. I was approved with a SL of $7.5K and cashback match. This became my fourth Disco approval over the years."

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6 year loan on a 3 year old car...

 

APPROVING BANK:Mercedes Benz Financial Service
BUREAU PULLED:TU
CREDIT SCORE:742
CUSTOMER STATE OF RESIDENCE:NC
NEW/USED:CPO
YEAR OF VEHICLE:2017
MAKE:Mercedes Benz 
MODEL:GLC300 4Matic
MILEAGE:27k
RETAIL/LEASE:Buy
AMOUNT OF LOAN:$32800
TERM CONTRACTED:72 months
APR/LEASE RATE:4.99
MONTHLY PAYMENT: $570 with Gap Insurance 

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15 hours ago, cv91915 said:

QtzilH5.png

cash out equity on a truck!!! I laughed so hard when I read that over there.

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