knowledge1213 Posted May 15 Share Posted May 15 Credit Application:Your Age:Your Equifax Credit Score: 690 Enhanced 662Your Experian Credit Score: 660 Enhanced 621Your TransUnion Credit Score: 690 Enhanced 654How long have you been on file with the CRA?s? 25 yearsPrevious Automotive Credit History: Do you have an open auto loan? YesWill this loan be a trade-in? NONumber of late pays within the last 12 months on the currently open loan? 0Number of late pays within the last 13-24 months on the currently open loan? One 30 day ( auto pay error)Current open auto loan is financed with? BMW Financial ServicesCurrent open auto loan payment is? 380.00Estimated amount you may be upside down in this vehicle? 0Rate your payment history on this open auto loan from 1-10 (10=BEST) No late payments in the past 18 months ( I have two- 30 day lates over 46 months). Damn auto pay issues and they would not own up to the mistake. I have read and understand the original pinned "No Credit Check Required" topic. YesRevolving Credit History:Total number of revolving accounts? 12Total percent utilization overall? 22%Your Information:How long at residence? 20 yearsRent/Homeowner/Live with relative? HomeownerHow long at current job? 5 yearsTotal Provable MONTHLY GROSS INCOME? $80,000.00Provable via computerized paystub or what method?Your Downpayment in CASH: 3000Rebates not considered; Trade Equity not considered: CASH ONLY PLEASE INPUT.Does any credit repository contain any Public Record? NOIs so, please describe.Does any credit repository contain any Collection Account(s) NOIf so, please describe.New or Used Vehicle you are considering; please describe: 2022 Jeep Gladiator $60,000.00Your creditworthiness on a scale of 1-10 with 10 being the best: 8/10OVERALL credit:Installment Credit History: 25 yearsRevolving Credit History: 25 years Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted May 15 Admin Share Posted May 15 with POI as stated on application. Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 15 Author Share Posted May 15 Thank you! I have a pre- approval from Cap One Auto finance for up to 65k. Are they any good? Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted May 15 Admin Share Posted May 15 What APR did Cap One quote you? Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 16 Author Share Posted May 16 8.5% Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted May 16 Admin Share Posted May 16 I'd be willing to bet a dealer could beat that or at least match. It. Most of the dealers I know nowadays will not accept any outside leins. Best of luck.. Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 16 Author Share Posted May 16 THank you. Now I have an approval with Navy Federal Credit union at 6.5%, but I will let you know what happens. MarvBear and hegemony 1 1 Quote Link to comment Share on other sites More sharing options...
CTSoxFan Posted May 16 Share Posted May 16 I am confused...if your income is $80k/month (or almost $1 million annually), why would you finance it at 6.5% when you can pay it in cash by saving for a couple of months? If that is a typo and it is $80k/year, then you would be spending ~25% of your take-home pay on a second vehicle at a fairly high interest rate...which seems a bit excessive unless your home is paid off. Just because you can get approved for something doesn't necessarily make it a good decision. Jtgill14 1 Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 16 Author Share Posted May 16 I am working on something and I need to build some car credit. In the past I have done big car loans over 400k, but I stopped for over ten years. All those accounts are deleted, but I am working on a big investment and I need car credit to leverage my plan. It will make me few hundred thousand in the end. Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 16 Author Share Posted May 16 And yes I have owned my home since 2012 - paid off in seven years Quote Link to comment Share on other sites More sharing options...
knowledge1213 Posted May 27 Author Share Posted May 27 Marv, Just wanted to give you an update. I got a 68k auto loan from Ford Motor Credit at 3.9% - it took 5 mins to be approved. I was out of the dealership in 45 mins. 3 days later it was already showing on my credit report. First payment due 7/08/2022; I have already made the first payment. Also no proof of income needed. hegemony and centex 1 1 Quote Link to comment Share on other sites More sharing options...
Admin MarvBear Posted May 27 Admin Share Posted May 27 1 hour ago, knowledge1213 said: Marv, Just wanted to give you an update. I got a 68k auto loan from Ford Motor Credit at 3.9% - it took 5 mins to be approved. I was out of the dealership in 45 mins. 3 days later it was already showing on my credit report. First payment due 7/08/2022; I have already made the first payment. Also no proof of income needed. congrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrats!!!!!!!!!!!!!!!!!!!!! Please, when you get a chance, enter that into the CreditPulls database. Quote Link to comment Share on other sites More sharing options...
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