Jump to content

Sign in to follow this  
VinnyT

PenFed auto loans

Recommended Posts

I went through their site and it seems they will only do a used car loan 2014 and up. Is this right?

Share this post


Link to post
Share on other sites

Not my experience. A little over 2 years ago I got a 24 month loan on a 2007 car.

Weird, I looked through the auto loan FAQ's and did not see it.

Share this post


Link to post
Share on other sites

https://www.penfed.org/used-auto-loan/

 

"Rate valid for current (2016) and prior two model years (2015 & 2014)." - that just means the rate is higher for earlier years.

 

"Rates available on all model years up to 60 months." - It can be a 1908 Model T

 

"72-month term available for models of the current (2016) and prior two model years (2015 & 2014)." - you can stretch loan longer with 2014+ cars.

Edited by creditrepair2014

Share this post


Link to post
Share on other sites

I went through their site and it seems they will only do a used car loan 2014 and up. Is this right?

 

That's true for the 72 moth loans. But the lesser length loans have no such terms.

Share this post


Link to post
Share on other sites

https://www.penfed.org/used-auto-loan/

 

"Rate valid for current (2016) and prior two model years (2015 & 2014)." - that just means the rate is higher for earlier years.

 

"Rates available on all model years up to 60 months." - It can be a 1908 Model T

 

"72-month term available for models of the current (2016) and prior two model years (2015 & 2014)." - you can stretch loan longer with 2014+ cars.

LOL! OK, got it. Thanks everyone.

Share this post


Link to post
Share on other sites

my experience with a PenFed auto loan was stellar... had check within 48 hours of application... excellent rate

Share this post


Link to post
Share on other sites

In my experience, the financial institutions I borrowed with, want you to have fully financed the vehicle before it is ten years old. Not sure about Pen Fed, but I'm sure you can do a car loan for 2013 and some years lower.

Share this post


Link to post
Share on other sites

Any year they will finance in some form. I financed a 1967 GTO some years ago. After being so old, other Credit Union's I have used transact as a personal loan, FYI.

 

HL

Share this post


Link to post
Share on other sites

My problem is that their website doesn't even recognize the car I want. Sigh....

What car are u trying to get a Lambo is that why it doesn't recognize it ? :rofl:

Share this post


Link to post
Share on other sites

 

My problem is that their website doesn't even recognize the car I want. Sigh....

What car are u trying to get a Lambo is that why it doesn't recognize it ? :rofl:

2006 Mercedes S65 AMG. They do not list that model for some reason.

Share this post


Link to post
Share on other sites

 

 

My problem is that their website doesn't even recognize the car I want. Sigh....

What car are u trying to get a Lambo is that why it doesn't recognize it ? :rofl:

2006 Mercedes S65 AMG. They do not list that model for some reason.

 

 

Just call them and tell them what you want and they'll tell you if you can purchase it or not. That's what I had to do.

Share this post


Link to post
Share on other sites

 

Called PenFed and was approved!

 

Cool. How long is the finance term for a 2006?

 

60mo at 2.99 %

Share this post


Link to post
Share on other sites

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

Share this post


Link to post
Share on other sites

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

They pull EQ exclusively

Share this post


Link to post
Share on other sites

 

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

They pull EQ exclusively

 

I just joined last month, opened a Platinum Rewards Visa Sig; they will use that same HP for an auto refi loan won't they?

Share this post


Link to post
Share on other sites

 

 

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

They pull EQ exclusively

 

I just joined last month, opened a Platinum Rewards Visa Sig; they will use that same HP for an auto refi loan won't they?

 

I think so. Are you within 30 days?

Share this post


Link to post
Share on other sites

 

 

 

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

They pull EQ exclusively

 

I just joined last month, opened a Platinum Rewards Visa Sig; they will use that same HP for an auto refi loan won't they?

 

I think so. Are you within 30 days?

 

Pretty sure. I have seen that they supposedly use the same HP for 90 days, but I am still probably within 30. Can double check.

Share this post


Link to post
Share on other sites

 

 

 

 

dang maybe i should ask them if they can help me out...

 

Currently have a loan with a local CU opened last October for originally ~ 12.5k 60 months @ 3.9% fixed, it's just under 9k now but hey if they can save me a little bit of scratch why not?

They pull EQ exclusively

I just joined last month, opened a Platinum Rewards Visa Sig; they will use that same HP for an auto refi loan won't they?

I think so. Are you within 30 days?

Pretty sure. I have seen that they supposedly use the same HP for 90 days, but I am still probably within 30. Can double check.

You should be good to go

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

  • Member Statistics

    • Total Members
      177,758
    • Most Online
      1,528

    Newest Member
    tup96
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines