Car financing

PenFed has loans for <1.5%
https://www.penfed.org/New-Auto-Loan/

Quote from attgig : So, why don't you just do that 20 times, and buy your new accent for free?

I don't think they let you do that, lol. Also I don't want to craigslist 20 junkers...

Quote from roxwella : But he is making 100% on his money . Why not give us a listing of some of your investments that are regularly doubling, lol..internet is a funny place.

Unfortunately you can't just put something in a magic stock under economic conditions like this. It takes careful monitoring of the world economy.

A couple things I've made good amounts on were shorting the euro and going long on silver. I'll tell you what I'm in now once I'm happy with the thread. ;-)

Quote from heavylee : PenFed has loans for <1.5% https://www.penfed.org/New-Auto-Loan/

Repped.

Quote from heavylee : PenFed has loans for <1.5% https://www.penfed.org/New-Auto-Loan/

Do you need to have a local branch to get quick approval? Also, anyone know offhand if I should be good to go with that loan amount with my stats?

Edit:
Never mind, I don't think I have any relatives on active duty.

Edit again:
Oh, you can pay $15 to be eligible. Guess the question stands.

Quote from Fare : Do you need to have a local branch to get quick approval? Edit: Never mind, I don't think I have any relatives on active duty.

you don't need to be or have anyone in active duty...

click join penfed, and say none of the above...

National Military Family Association or Voices for America's Troops.
$15 buck donation gets you into penfed.

Quote from attgig : you don't need to be or have anyone in active duty... click join penfed, and say none of the above... National Military Family Association or Voices for America's Troops. $15 buck donation gets you into penfed.

Also i just refinanced my new car through pended. Really easy and quick. Look into AAA penfed connection. They refund any donation you make to join. So it makes pended free. Also you don't need to pay the donation unless you are approved first.

Great deal and go with them. Hell they let me take out more than I paid for the car in equity. Sounds like you should get the Max and invest it, prob make all your interest back if you double a 1k investment...

Quote from dealz2012 : Also i just refinanced my new car through pended. Really easy and quick. Look into AAA penfed connection. They refund any donation you make to join. So it makes pended free. Also you don't need to pay the donation unless you are approved first. Great deal and go with them. Hell they let me take out more than I paid for the car in equity. Sounds like you should get the Max and invest it, prob make all your interest back if you double a 1k investment...

Oh ho ho! Now we're talking. If I can get a couple thousand more than the car costs I might be able to make back the value of the car on investments.

Will definitely be looking into this, thanks.

Quote from Fare : Oh ho ho! Now we're talking. If I can get a couple thousand more than the car costs I might be able to make back the value of the car on investments. Will definitely be looking into this, thanks.

Yep my car was about 29,000 and I could finance up to about 31,500. It will all depend on what they value the car at.

Another way that you could do it is how I did:

Charged a down payment on the car for 6000 (dealer ate that to make the end of the month deal). This was on a 0% card for 25 months plus 1% cash back. Financed through dealer for an incentive. When I refinanced I had pended cut me the difference in the loan and Max amount I could take. So in my case you would have about 8k to play with at 1.49% until you needed to clear the card off at about 15 months after. Barring you don't lose the investment.

Quote from Fare : Oh ho ho! Now we're talking. If I can get a couple thousand more than the car costs I might be able to make back the value of the car on investments. Will definitely be looking into this, thanks.

Yep my car was about 29,000 and I could finance up to about 31,500. It will all depend on what they value the car at.

Another way that you could do it is how I did:

Charged a down payment on the car for 6000 (dealer ate that to make the end of the month deal). This was on a 0% card for 15 months plus 1% cash back. Financed through dealer for an incentive. When I refinanced I had pended cut me the difference in the loan and Max amount I could take. So in my case you would have about 8k to play with at 1.49% until you needed to clear the card off at about 15 months after. Barring you don't lose the investment.

My phone is spazzing out when I tried to edit my previous post. Was trying to correct the card 0% term. Sorry guys can't fix it for some reason

Hmm, on the verge of applying for pen fed loan but the dealer that has the best prices has some of their specials ending tomorrow. So if I do that I would probably have to wait till end of the year before getting a good deal again.

Are you saying I could buy with dealer financing and then just redo through penfed? Then if I was sure I could get the penfed loan I could just buy now without worrying about it. Would the terms of the dealer loan even matter then?

Quote from Fare : Hmm, on the verge of applying for pen fed loan but the dealer that has the best prices has some of their specials ending tomorrow. So if I do that I would probably have to wait till end of the year before getting a good deal again. Are you saying I could buy with dealer financing and then just redo through penfed? Then if I was sure I could get the penfed loan I could just buy now without worrying about it. Would the terms of the dealer loan even matter then?

They always say that since its the end of the month tomorrow and thats when they need to get their sales numbers in by.

Right, but that also means they'll be more eager to sell that day as opposed to next week or whatever, and so I should have more bargaining power.

Ugh. Just talked to a rep today and there's 500 cash back on the elantra ending tomorrow and he said that's the first time they've had a rebate on it since they came out with the sexy body style. So I should really buy one tomorrow, but I won't be able to get the pen fed loan by then, AND the cheap dealer only has ones with the ugly tan interior in stock right now.

Reps to anyone who can come up with a workaround

i've gotten more than one auto loan from PenFed. I applied online and was approved immediately. I had a blank loan check in my hands in less than a week.

What if you finance at the dealer, then re-fi it from Penfed?