Thread: Penfed?
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      11-01-2012, 12:14 PM   #19
WWM3
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Drives: 09 E90 M3 AW/FR 6MT
Join Date: Mar 2009
Location: PA

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Quote:
Originally Posted by roddyc View Post
I applied and was approved for an amount before finding the car I wanted. Once I found the the car I wanted to buy, I had to provide vehicle specific and seller information and they sent the check to me in the seller's name. It wasn't all too difficult a process although it took a couple more days to get the checks than they had originally told me; I was told at the time that their loan processing department was overloaded so it could be better now.
Interesting. So I could get pre-approved for a loan amount and then after I provide them with all of the transaction-specific details they will cut the check in that amount?