How positive are you about getting your loan approved. - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

trudawg660 · 05-06-2009, 04:48 PM

I just applied for my car loan monday and i got approved though USAA, but i was a nervous about getting approved in this crazy market. I have good credit but you never know now a days.

RandomHB · 05-06-2009, 05:18 PM

I got approved with no issues. I am at the end of a loan with the same CU, so I didn't expect any problems. If you don't mind me asking, what kind of interest rate did you get? A friend of mine said he would refer me to USAA, if I wanted. I got 4.75% with FL State CU.

jeffny09 · 05-06-2009, 05:20 PM

sometimes i am but i got a good cs in the 720 range

trudawg660 · 05-06-2009, 05:23 PM

Quote:

Originally Posted by RandomHB

I got approved with no issues. I am at the end of a loan with the same CU, so I didn't expect any problems. If you don't mind me asking, what kind of interest rate did you get? A friend of mine said he would refer me to USAA, if I wanted. I got 4.75% with FL State CU.

i got 5.24%, i know i could of got 3.99 from pentagon but i rather stay with my own company. and i will be paying my loan off really early so i wont incur that much interest. it should have half of my loan paid off by June.

trudawg660 · 05-06-2009, 05:24 PM

Quote:

Originally Posted by jeffny09

sometimes i am but i got a good cs in the 720 range

i had a 730 but that credit inquiry hurt a lot almost 7 damn points.

Ctrain24 · 05-06-2009, 05:43 PM

Trudawg, how much did you put down and how much did you borrow?

Iwantone2 · 05-06-2009, 05:47 PM

I am almost certainly positive that I would not be approved for a loan. C.S. = 711 (checked last month), but have cc debt. :(

trudawg660 · 05-06-2009, 05:58 PM

Quote:

Originally Posted by Ctrain24

Trudawg, how much did you put down and how much did you borrow?

I will be putting about 3000 down and i financed 27000.

trudawg660 · 05-06-2009, 06:02 PM

Quote:

Originally Posted by Iwantone2

I am almost certainly positive that I would not be approved for a loan. C.S. = 711 (checked last month), but have cc debt. :(

i had/have credit card debt but i kinda played the system. i have two USAA credit cards. one had a balance of like 3000 and the other have like 1500. well when it came around the time for my statement for one i did a cash advance from one of my cards to my bank account and paid off the other credit card . and did the same with the other card when the statement was due. just moving my debt around so the credit agencies couldn't see it. so i ended up with 4500 on one card and the other card was at 0.

babyjulie83 · 05-06-2009, 06:11 PM

Quote:

Originally Posted by Iwantone2

I am almost certainly positive that I would not be approved for a loan. C.S. = 711 (checked last month), but have cc debt. :(

A credit score of 711 isn't bad....why do you think you won't be approved for a loan, because you have credit card debt? Other items are taken into consideration besides your credit score....such as annual income, recent late payments, debt to income ratio.

I'm worried about getting approved but we shall see.....once I get a VIN# i'll start shopping around.

bluch · 05-06-2009, 06:12 PM

100%

SSmoke · 05-06-2009, 11:25 PM

got 5.5% and picked up my draft letter today...financing is done just waiting on the Maro to get here.

chappy48 · 05-06-2009, 11:30 PM

If you have a credit score of over 700 and no major issues with your current debt, you should have no problem getting a loan.

MontyCarlo · 05-06-2009, 11:56 PM

USAA offered me 5.99%. I got an offer of 4.99% from my own credit union, so it looks like this is one time USAA's not my wallet's best option.

05-06-2009, 04:48 PM	#1
trudawg660 Drives: 2006 Dodge Charger / 2SS IOM Join Date: Dec 2008 Location: United Kingdom Posts: 1,640	How positive are you about getting your loan approved. I just applied for my car loan monday and i got approved though USAA, but i was a nervous about getting approved in this crazy market. I have good credit but you never know now a days.

05-06-2009, 05:20 PM	#3
jeffny09 Drives: 2010 camaro Join Date: Nov 2008 Location: new york Posts: 5,618	sometimes i am but i got a good cs in the 720 range __________________ top 10 reason why real men drive stick. 10. A manual transmission is the ultimate in control 9. You can use automotive jargon and not sound like a total tool 8. You can't spell "manual" without "man" 7. Manual transmissions prove you can do more than one thing at a time 6. You can't drift in an auto 5. You can't pull fancy moves in an automatic 4. You get better fuel economy with a stick 3. You’ll never look like a chump if you can drive stick 2. Manual transmission cars are faster 1. Women like a guy who is good with his hands.

05-06-2009, 05:43 PM	#6
Ctrain24 Drives: 2010 Camaro SS/RS Join Date: Oct 2007 Location: New York Posts: 515	Trudawg, how much did you put down and how much did you borrow? __________________ 2010 2SS/RS American Racing LT's Solo Performance axle back

05-06-2009, 05:47 PM	#7
Iwantone2 Voice Of The Voiceless Drives: CGM 1SS RS Join Date: Feb 2009 Location: OC Cali Posts: 9,617 View My Garage	I am almost certainly positive that I would not be approved for a loan. C.S. = 711 (checked last month), but have cc debt. :( __________________

05-06-2009, 06:12 PM	#11
bluch OH CANADA! Drives: 2011 RAM 1500 LARAMIE Join Date: Mar 2009 Location: Edmonton, AB, CAN Posts: 3,930 View My Garage	100% __________________ Had to trade in the Camaro for a truck :(, but hopefully I can join the Camaro family again one day

05-06-2009, 05:18 PM	#2
RandomHB Drives: 2013 Black & Grey 2LT/RS M6 Join Date: May 2009 Location: Tallahassee, Fl Posts: 59 View My Garage	I got approved with no issues. I am at the end of a loan with the same CU, so I didn't expect any problems. If you don't mind me asking, what kind of interest rate did you get? A friend of mine said he would refer me to USAA, if I wanted. I got 4.75% with FL State CU.

05-06-2009, 11:25 PM	#12
SSmoke Drives: 2SS IBM m6 / 04 Nissan Titan Join Date: Dec 2008 Location: Cape Coral FL Posts: 242 View My Garage	got 5.5% and picked up my draft letter today...financing is done just waiting on the Maro to get here. __________________ 2010 IBM 2SS 6M SLP LoudMouth II Axle back kit CAI intake bought at C-Fest From Jannetty Racing

05-06-2009, 11:30 PM	#13
chappy48 Drives: 2010 Camaro Auto 2SS/RS Join Date: Oct 2008 Location: Wauconda, IL Posts: 878	If you have a credit score of over 700 and no major issues with your current debt, you should have no problem getting a loan.

05-06-2009, 11:56 PM	#14
MontyCarlo Drives: 2010 2LT/RS auto IBM Join Date: Mar 2009 Location: Denver, CO Posts: 1,259	USAA offered me 5.99%. I got an offer of 4.99% from my own credit union, so it looks like this is one time USAA's not my wallet's best option. __________________ FAQs: 1. No, I do not have any strong opinions about the Monte Carlo. 2. Yes, I know what my name looks like. 3. Yes, but the medication helps immensely. 2LT/RS IBM/gray #21,895 ordered April 21st, delivered July 3rd

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
2010 Camaro PRODUCT SAFETY RECALL: Positive Battery Cable Rerouting	mcernik	Camaro Issues / Problems \| Warranty Discussions \| TSB and Recalls	171	01-08-2011 02:09 AM
APR question? Might be dumb.	ChevyBoiSS	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	69	05-04-2009 09:24 AM
Important Loan Info For Those Paying Over MSRP (includes 3.99% group)	Embalmer	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	5	04-07-2009 10:35 AM
How does I do teh car loan?	Zabo	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	18	02-05-2009 09:47 PM
Pre-packaged chap11, sounds like a good plan	Design1stCode2nd	General Automotive + Other Cars Discussion	2	11-26-2008 10:03 PM