Penfed Auto Loan 1.49% for New, Used, Refinance up to 60 months

Damn... just refinanced with them at 1.99%... wonder if I can get the 1.49% rate instead? I just submitted an email asking if I could...

As low as 0.99% or 0.49% (48 months) if you use their car buying service. Thinking about this.

Quote from skiumah : As low as 0.99% or 0.49% (48 months) if you use their car buying service. Thinking about this.

May not be a good idea of using their car service as the savings on the total price of the car if you buy it on your own would be more than the 1% in interest you save .. The dealer can even match the apr

Like the price I paid for a car is $27,400 and the same model is being shown for a target price of $29,421. The interest rate I got approved by the dealer was 2.54% ( But I have a lot of debt and did purchase another car only a month back).

You can also get better pricing from the dealer if you use their finance.. and then refinance as there is no prepayment penalty. ( of course you should have the patience to shop around and do some leg work as always to save $$$)

I am thinking of refinancing it with the 1.49%

I have a year old Penfed loan at 1.99% and would like to get this refi. I am a little confused to this statement on their website?

Keep in Mind: If refinancing a PenFed loan, you must apply for an additional $5,000. 15% down payment for 72 month loan term is required.

So do I need to give 15% down and do a 72 month? Why do I need to apply for an additional $5000?

Anyone know?

I financed an used auto two weeks ago at 1.99. I just called to get the rate adjusted and was denied!! And since the offer do not apply to Refinance one of their own, I'm screwed.

Quote from yazyazoo : I have a year old Penfed loan at 1.99% and would like to get this refi. I am a little confused to this statement on their website? Keep in Mind: If refinancing a PenFed loan, you must apply for an additional $5,000. 15% down payment for 72 month loan term is required. So do I need to give 15% down and do a 72 month? Why do I need to apply for an additional $5000? Anyone know?

The promo won't apply to Refi PenFed loans. If you Refi a PenFed loan, you will get a higher APR. Also, your current loan will be increased by $5000 if up to 60 months.

Quote from dzyr4tt : May not be a good idea of using their car service as the savings on the total price of the car if you buy it on your own would be more than the 1% in interest you save .. The dealer can even match the apr

Do you think someone can always beat a car buying service price? I know USAA does the same thing and I've never used one.

I've got a loan with chase at 3.33% with about a year left...trying to decide if it's worth the trouble. Anybody done this before with them? Pretty painless or just a pain?

My wife just completed a refi from ford credit last week (at 1.99). Pretty simple, she did it all by herself like a big girl I just applied to refi my suntrust 1.99 loan at the new 1.49 rate. I figure it wont count as another inquiry on my credit being so close together. Don't car if it does. $20 less a month, 300-400 over the life of the loan and I get to close my suntrust account.

Quote from Wichard20 : Just saw this posted on their site. 1.49% for New, used and Refinance up to 60 months if applied online. I have an autoloan and credit card with them and the have been great. There are multiple ways to qualify to become a member. www.penfed.org

Thanks OP!

I applied but didn't get an instant decision. I am being referred to an agent and my application is being reviewed......

bought car at 22% apr.

refi through military and had it dropped to 12%

can i refi this again to get this 1.4%

Quote from dubmang : bought car at 22% apr. refi through military and had it dropped to 12% can i refi this again to get this 1.4%

22% apr