@ezdriver wrote:
Found a CPO car that I want. It's a 2007 Porsche 911 C4S on a Porsche dealer lot. Secured financing [through dealer] yesterday but we are $2k apart from the listed price vs what I want to pay. The dealer does not seem willing to reduce the list price by $1 ... so what should I do next.
I walked out yesterday telling the dealer to call me when they figure out how to bridge that $2k gap and I'll commit to closing the deal by end of this month. Should I just sit tight and let the clock run closer to end of month?
While I wait, I applied to NFCU online to see if I could be approved with a better rate. Received an email from NFCU asking me to call as "additional details are needed" to process my loan request.
Any suggestions?
In my experience, the email from NFCU is a standard. I refinanced 3 loans with them last Sept and received the same message for all 3 loan apps, and to contact NFCU to provide the details. IIRC, all 3 were submitted the same day: 2 in the morning, and the last around 3-4 pm.
I called upon receiving the first email and was approved for the 2 loans after the CSR placed me on hold for about 10-15 minutes. The CSR did not ask for any additional information other than the lien holder's name, even though it was on my application. After they confirmed my application, my 2 loans were approved over the phone.
For the 3rd loan, I went through the same process as above, but the CSR could not reach my current lien holder. As such, they could not approve my loan at that time. Next morning, I contacted NFCU to provide the additional details, but the CSR explained it was not necessary to provide the additional details since they had already verified my application, and was already approved!
The CSR rep also stated the message you received was standard message while the loan is being reviewed by an actual loan officer. If you're credit profile is very good to excellent, I wouldn't worry to much about it. Otherwise, give them a call and they'll try to expidite it or explain what needs to happen. Good luck!
As for the 911, find a comparable one elsewhere. Or keep holding out. If it's still available next month, see if they'll plan ball then.
