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09-27-2012, 05:59 PM | #23 |
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First go used for a year or two with a less expensive car. Save the difference per month, get your score over 740 and you will have the M.
I just got my loan from Pen Fed. They are funny. First I applied for the loan saver, its a loan with a balloon so you have a lower payment, because I was going to buy a 45k car. I never finished the application and the dealer would not deal so I walked. I then bought a less expensive BMW (37k) on a straight loan through Pen Fed and got approved. I called them up and told them to cancel the first loan which they did online. Today I get home and there is a 46k check from Pen Fed in the mail. Now have to send it back...
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09-27-2012, 10:12 PM | #27 |
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Penfed is the best! .99% through September if you buy through a qualified dealer, which is a pretty good selection of dealers at least in my area. Also .49% for 48 months. 3 more days left
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09-27-2012, 10:17 PM | #28 |
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penfed wouldnt even approve me but USAA approved me for 60k for a car and 80k for a boat at the same time.
Penfed is strick. try somewhere else, anywhere else.
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09-27-2012, 10:19 PM | #29 |
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Love my 1.49% loan thru Penfed! 43,300 for 60 months at 750/mo
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09-27-2012, 11:03 PM | #33 | |||
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They certainly are pretty strict, I think it's because they are running low on cash reserves at this point, I know lots of people have applied for these loans! |
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09-27-2012, 11:28 PM | #34 |
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I'm not sure why so many weird symbols were in my last post, sorry about that. I'm a loan officer for a credit union and the cost to refinance a car is pretty negligible, about $20 last time I checked. In general credit unions are growing rapidly and they need to put excess liquidity to work, even at today's rates.
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09-28-2012, 01:38 AM | #35 |
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OK, following the good advice from y'all good folks in this this thread, I ran my free credit report, and found two blemishes that only appear on the Equifax report, and not on the report from Experian. Both are from credit cards I used to have, one from Chase and the other from Citibank. The balance on both are $0 and the the status both state "Pays as agreed." I remember handling both these issues about two years ago and I would have though that they would removed these two delinquent $0 balance accounts by now!
I've disputed both of these items on the website as the option is provided. I'm going to call PenFed and tell them that these problem accounts are technically resolved and that I owe nothing. Hopefully they will understand! |
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09-28-2012, 07:15 AM | #36 |
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perhaps he is. the best i am getting on 5 year CD's in my CD ladder is under 2%. I then pay taxes on the interest. Investing in the market is fine if you have the time and money to wait out any big drops. Just because it made a big run up this year does not mean the bottom will not fall out after the elections or if the Euro debacle gets worse. a 2% loan on a car is not that fantastic.
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09-28-2012, 07:36 AM | #38 |
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09-28-2012, 07:54 AM | #39 | |
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09-28-2012, 08:21 AM | #40 |
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No sure, but that is what I am doing..... Cash, vs paying for cash is always better when dealing with a car or any other depreciable assets.
Might not be the best for a home purchase, but for most other situations it is best to pay cash when you can. |
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09-28-2012, 08:23 AM | #41 | |
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Blemishes meaning you made a late payment or missed a payment? They stick with you for a while, and they don't just remove them once you pay off the balance... In some cases, if you've paid off the entire balance and it's been some time, you can write in a letter asking them to kindly remove it from your credit history since you did make the payment in good faith and paid it off after a while. Some banks will say "sure, no problem" and others will say "suck it up until it falls off." It's worth a shot, the worst that can happen is that they will say no. Usually, late/missed payments stay on your credit history for like 7 years I believe (could be wrong). I had two 30-day delinquent payments on my history from when I was in college. One was removed with writing a letter to the credit institution and the other (PenFed) told me to pound sand. Needless to say I don't bank with them anymore. It had been 5 years since I paid the cards off and figured they'd help me out (I was trying to get my credit score up).
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09-28-2012, 08:33 AM | #42 | |
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09-28-2012, 09:21 AM | #43 | |
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09-28-2012, 10:10 AM | #44 | |
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