Any suggestions on where to get financing from?

[NewSurrender]

So after reading around, looks like I won't be approved for PenFed and the amazingly low 1.99% auto loans they offer.

I've been looking at other alternatives. However, it seems like every time I look up reviews for a certain lender, I see nothing but bad reviews and negative comments. Granted, some of the reviews are "I fell behind and didn't pay my bills for 6 months, and Capital One repo'd my car, this company is nothing but scum!", but I see some legitimate concerns.

What would you guys suggest? Who have you had a good experience with? I'm a first time buyer, with pretty decent credit. Planning on putting 4-5K down, and financing 8K or so. I plan on paying off this loan very quickly, so if any lenders charge a fee of anything for paying your loan off quicker than agreed, or making larger payments, count me out.

I'm pretty much clueless. I'm going to be buying a car in a week and a half and don't have any financing set up. I understand I could just get financed at a dealership, but that's the last thing I want to do. I want to show up at a dealership and say I've already been approved for X amount, now sell me the car.

[pizzadude]

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@NewSurrender wrote:

So after reading around, looks like I won't be approved for PenFed and the amazingly low 1.99% auto loans they offer.

I've been looking at other alternatives. However, it seems like every time I look up reviews for a certain lender, I see nothing but bad reviews and negative comments. Granted, some of the reviews are "I fell behind and didn't pay my bills for 6 months, and Capital One repo'd my car, this company is nothing but scum!", but I see some legitimate concerns.

What would you guys suggest? Who have you had a good experience with? I'm a first time buyer, with pretty decent credit. Planning on putting 4-5K down, and financing 8K or so. I plan on paying off this loan very quickly, so if any lenders charge a fee of anything for paying your loan off quicker than agreed, or making larger payments, count me out.

I'm pretty much clueless. I'm going to be buying a car in a week and a half and don't have any financing set up. I understand I could just get financed at a dealership, but that's the last thing I want to do. I want to show up at a dealership and say I've already been approved for X amount, now sell me the car.

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I would recommend checking around at some local CUs in your area ~ do you have any CU or bank relationships that you can leverage ?

[NewSurrender]

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@pizzadude wrote:

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@NewSurrender wrote:

So after reading around, looks like I won't be approved for PenFed and the amazingly low 1.99% auto loans they offer.

I've been looking at other alternatives. However, it seems like every time I look up reviews for a certain lender, I see nothing but bad reviews and negative comments. Granted, some of the reviews are "I fell behind and didn't pay my bills for 6 months, and Capital One repo'd my car, this company is nothing but scum!", but I see some legitimate concerns.

What would you guys suggest? Who have you had a good experience with? I'm a first time buyer, with pretty decent credit. Planning on putting 4-5K down, and financing 8K or so. I plan on paying off this loan very quickly, so if any lenders charge a fee of anything for paying your loan off quicker than agreed, or making larger payments, count me out.

I'm pretty much clueless. I'm going to be buying a car in a week and a half and don't have any financing set up. I understand I could just get financed at a dealership, but that's the last thing I want to do. I want to show up at a dealership and say I've already been approved for X amount, now sell me the car.

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I would recommend checking around at some local CUs in your area ~ do you have any CU or bank relationships that you can leverage ?

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The only CU I'm a member of is PenFed, and they already turned you down. There's a few CUs in my area, but I'm not sure how helpful they'd be to someone who's not a member and doesn't plan on being one.

[pizzadude]

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@NewSurrender wrote:

The only CU I'm a member of is PenFed, and they already turned you down. There's a few CUs in my area, but I'm not sure how helpful they'd be to someone who's not a member and doesn't plan on being one.

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A lot of times local CUs will work to get your business.  You become a member when you get a loan through them.  Just walk in and ask a loan officer about their rates for auto loans.   They can probably give you an idea of where you stand and you can decide if it sounds good enough to apply.