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I was just wondering what kind of interest rate you guys are getting on your new Coupe purchase?
I am going through our local credit unit, BECU (Boeing Employees Credit Union), and just secured a 2.99% loan.
Is anyone out there getting a better deal? I didn't think it was a bad rate but frankly I have not shopped it around so I may be leaving money on the table.
If you can qualify as a member (gov't or military and their immediate families), PenFed Credit Union has great rates. 1.99% up to 48 months, 2.49% for 60 months.
If you can qualify as a member (gov't or military and their immediate families), PenFed Credit Union has great rates. 1.99% up to 48 months, 2.49% for 60 months.
I got my financing from Penfed 2.49%. You have to have excellent credit, because there were a bunch of people complaining on slickdeals.net that they were over 700 and were denied. If you donate goods or time to the Red Cross - that also counts. You do have to open an account, so I have a $5.00 deposit which qualifies as a share.
My loan was approved on Thursday or Friday before Labor Day, the check was in my P.O. Box on the following Tuesday.
I got my financing from Penfed 2.49%. You have to have excellent credit, because there were a bunch of people complaining on slickdeals.net that they were over 700 and were denied. If you donate goods or time to the Red Cross - that also counts. You do have to open an account, so I have a $5.00 deposit which qualifies as a share.
My loan was approved on Thursday or Friday before Labor Day, the check was in my P.O. Box on the following Tuesday.
I got the 2.49% as well. My loan was approved same day, and they are holding it until the Coupe gets here so I don't even have to start payments. Definitely the easiest loan process I've ever experienced.
You should always shop around for the best rate before buying the car. If no money has changed hands you can still shop the rate. It's also like buying a house several inquiries will not hurt your credit rating. I shopped before I got decided who to get pre-approved with. It can save you a lot of money.
For new cars I saw rates from 2.99 to 6.99. This with good credit. Used cars typically run a little higher of course.
They do have credit unions here, I will make some calls on Monday. This was my first car and in the excitement I allowed myself to be hustled a little by the finance guy. He basically said my credit was great and he was applying at 2.9%, take the keys, it'll go through. Then I got the statement three months later and I was paying twice that lesson learned!
In the meantime, you can usually do a search online, find your local CU's and some will post their rates online. You can get a good idea before you start making calls. With your credit rating you should have no problem getting a loan or a good rate. Good luck!
In the meantime, you can usually do a search online, find your local CU's and some will post their rates online. You can get a good idea before you start making calls. With your credit rating you should have no problem getting a loan or a good rate. Good luck!
I got my financing from Penfed 2.49%. You have to have excellent credit, because there were a bunch of people complaining on slickdeals.net that they were over 700 and were denied. If you donate goods or time to the Red Cross - that also counts. You do have to open an account, so I have a $5.00 deposit which qualifies as a share.
My loan was approved on Thursday or Friday before Labor Day, the check was in my P.O. Box on the following Tuesday.
Penfed is awesome. I'm younger, over 700 score and refinanced from 3.69 to 2.49. Its about more than just a credit score. I heard great things about them here and its true.