$30,000 Loan For Chevrolet Volt in Sacramento, CA
Our next applicant wants to take advantage of a car deal that is being offered by a local dealer and also purchase a green vehicle. The Chevrolet Volt is a new green car that runs on batteries and is excellent for commuting which is what this applicant wants to do. He is asking for the best offer our lenders can provide and will compare the offer to that of the dealer that he is purchasing the car from in Sacramento, California.
Regarding his credit rating, he is a good credit risk with just a mortgage and no other loans. He has an excellent record of paying his credit card balances on time each month and has never defaulted on any payments of any kind. The only negative is that he may have are a few too many credit cards which can affect his actual credit rating even if he does not use these cards. This is something that many people are not aware of and find to their surprise that many credit cards in their names can negatively affect their ability to obtain a mortgage or in this case a car loan.
Based on his income and overall credit rating we suspect that the lending committee will view his application positively and will offer him a car loan for his purchase of the Chevrolet Volt. We are not aware of what offer the dealer is making and he will be comparing our offer with that of the dealer.
More to come on this $30,000 loan application for a Chevrolet Volt.
DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION
Car Loan Amount :: $30,000
Car Loan Application and Processing Speed (when do you need the funds):: within the next couple of days. I would like to finalize the deal with the dealer as soon as I can
Do you currently have a mortgage or car loan? ::yes to a mortgage and no to a car loan.
Bank Name and Branch ::Vally City Bank, Natomos Road
What City/Town, State and County do you live in? ::Sacramento , California
What is your employment field? :: Insurance Industry
Employment Position :: Life Insurance sales, both term and whole life along with other products
When are you paid? (monthly/weekly/biweekly):: Bi weekly
Your credit rating to be – excellent, fair, or bad? :: fair to excellent as far as I am aware
How did you find us? ::Searching for car loans online, specifically for loans for the Chevrolet volt
How are you paid? (direct deposit/paper check):: direct deposit
Gross Amount Per Paycheck :: $2307
Do you agree to have this information published online, without your PRIVATE information of course? ::Sure, but nothing about my business since I do not want anything about this loan connected to my insurance business
Extra information here please (some detail):: Hi, I am looking for a car loan so that I purchase one of the new Chevrolet Volts that are on sale at a dealer near my home. They have a special on right now and if I can swing a loan, I can pick up the car within a few days. I live in the Sacramento area of California and commute to work. With California adding recharging stations all over the place, the Volt is perfect for me to use on my daily commute.
I travel about 20 miles one way to work and there is a charging station close to work if I need it, but the batteries should be good for a couple of trips to and from work before they need to be recharged. The salesman told me to just plug it in each night to make sure that it is fully charged when I leave in the morning.
If I want to go on a longer trip, I will just rent a regular gas powered car for the trip if the mileage distance and charging stations do not match up with my trip plans. This is a good deal for me and I will be able to save a lot by not using gas and I will be helping the environment as well. Let me know if you can approve this car loan application and when I might be able to finalize the deal.
Note to Lender :: I am an insurance sales person and have had my own office for the past five years. I make my money from renewals as well as selling insurance to new customers as well. This is a good business and the income just keeps rolling in whether I work or not. I put in a forty hour week as a rule and only take an income of $60,000 a year to ensure that I always have sufficient savings in the business to pay my salary, my expenses and my assistant.
I do have a small mortgage, no other loans of any kind and always pay my credit cards on the due date to avoid credit card interest. For me this is the best way to keep my overall costs as low as possible. Please advise as to whether you can approve this car loan or not. I will be comparing your offer to the one that the dealer is providing and will select the best deal.
|Category: Car Loan||APR 3%||APR 5%||APR 8%|
|Length of Term||5||6||7|
|Amount to be paid||$32,287.07||$34,561.64||$38,498.79|
|Total interest paid||$3,287.07||$4,561.64||$8,478.79|
|Paid per installment||$530.75||$473.45||$452.04|