Auto loan or not?

[Anonymous]

Can someone tell me why they just wont give me a check I want for a personal loan? It's a hassle having to do doubble trips and by the time I get back they might sell the car from under me as that happened again.. It's becoming a huge hassle now.

[Creditaddict]

If it's at a dealer you should be able to have them fax a purchase order directly to credit Union to sign off on and lock you in to purchase... If private party not much you can do if they are not willing to take a deposit and hold it for a day or two

[Anonymous]

It's private party, and the dealerships are charging almost $2000 more then the NADA value of the car

[Anonymous]

Good news I got the check today from the CU and she was shocked I got the car a little under $2500 clean retail value for $4,900 tomorrow I get the car registered My payments did not change all that much, still 18% at 179/mo when I get my income tax I plan on knocking 6 months of payments off.. My goal is to only be down to 1 year and then just relax to build credit. Also they only report to Experian.

[Creditaddict]

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@Anonymous wrote:

Good news I got the check today from the CU and she was shocked I got the car a little under $2500 clean retail value for $4,900 tomorrow I get the car registered My payments did not change all that much, still 18% at 179/mo when I get my income tax I plan on knocking 6 months of payments off.. My goal is to only be down to 1 year and then just relax to build credit. Also they only report to Experian.

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Fantastic and congrats!

[Anonymous]

No thank YOU for finally getting me to check out the credit union! I assume after the first payment it should start showing?

[guydiver]

Congratulation!  Glad things worked out for you.  Welcome to the credit union world.  I have been a member of mine since 1995, and I just joined DCU also.  After my reports update, I'm going to apply to NASA