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      08-24-2012, 04:39 PM   #57
gatorfast
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Drives: 718 Cayman
Join Date: Jan 2008
Location: SoFla

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Quote:
Originally Posted by cmpe View Post
Hey guys, how does this work exactly? The last car I bought, financed it with the dealership so they just took care of everything.

Going through a 3rd party like penfed, do I need to apply for the loan before everything is finalized with the dealer?
Yes you would want to get prequalified with penfed and have them send you a check for the price of the car. Then go to the dealership and buy it.

Or you can just buy and finance through the dealer and then immediately refinance through penfed.
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