[oatz]

Penfed 1.99 48 months

how do you get hooked up through penfed? I have just an average credit score 679 but am willing to put 20% down on a used GRT(around 15k or so), I really only want to finnace 55k max
I Make aroun 100k and only have 1 or two credit cards, mortgage but on the penfed site they say you must belong to a qualifying accsocation or military etc ?

I am looking at a 2011 gtr right now thats selling for 69k 14k miles so I have to move a bit fast, I want to shop around for rates with my bank and Nissan Financing (car is from a dealer) but I hear all those credit check hits lower your credit score a ton?

Nissan of course will aprove me (crooks) but I don't like the rate at all, they are suggesting like 6.9% for 60months

any ideas on my options ?

 

[Python]

https://www.penfed.o...in/overview.asp

go with number #9

 

[oatz]

https://www.penfed.o...in/overview.asp

go with number #9

Ahh sweet I did'nt see that on the site, that was the none of the above option below

-thanks man

 

[sleepdoc]

Duplicate post ..

 

[monEmakindave]

Man I'm on day 6 of waiting for approval. Had to submit income verification twice. Did it over email so I can track if they got it or not.

Says loan is still in processing

 

[jcdeng]

sub'ed

 

[konaforever]

Good luck! Maybe I will refinance my GTR in the future with them!

 

[V12]

good luck man. hope you get it.

 

[oatz]

Man I'm on day 6 of waiting for approval. Had to submit income verification twice. Did it over email so I can track if they got it or not.

Says loan is still in processing

Six days thats nuts ? I guess i'll submit mine today, a friend who financed an R8 last year said if it takes over a month to secure finacing call it quits and wait six months till all the credit hits fall off your reports. So I hope it goes quick good luck to you and me both lol

 

[Zero2Sixty]

Something does not sound right. I was approved by USAA for 1.9% in about 1 minute. It is realy that fast.

 

[sleepdoc]

In my experience with Penfed, the approval takes about 2 days...

 

[monEmakindave]

Ya this sux I know my score is over 720 never been denied in any of my purchases. I just thought they are being strict since I am a new member and using my business as additional income. Although I depreciated assets and wrote off my prior escalade lease it looked like I wasn't making money.

 

[Dr. SS]

I just financed w penfed got 2.49% took 24h for approval

 

[CR-8-10_GTR]

I'm with Penfed at 2.9%, about to refinance with USAA at 1.9%...

 

[James]

I just financed w penfed got 2.49% took 24h for approval

Are you planning on getting another GTR?

 

[James]

I can't apply through USAA, don't have any family in the military as for myself

 

[1 Matt]

My experience with PenFed is that they have higher requirements for proof of income, credit score, employment history, etc. than almost any other lender. Can make the approval process much more lengthy and hard.