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NFCU AUTO LOAN...

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CAnNY
Frequent Contributor

NFCU AUTO LOAN...

Do they require a down payment?

Starting Score: TU 489 EQ 561 EX unknown (2/24/2013)
Current Score: Lender Pull (11/15/13) EQ 702, TU 679, EX 684
Goal Score: 720


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Pharoe33
Regular Contributor

Re: NFCU AUTO LOAN...

No They don't. Only way you'd have to pay anything is if you go over the approved amount. For example, I was approved for 45,000. The total price out the door of the car was 48,000 so I had to come out of pocket 3,000 to the dealership.

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Elcid89
Contributor

Re: NFCU AUTO LOAN...


@Pharoe33 wrote:

No They don't. Only way you'd have to pay anything is if you go over the approved amount. For example, I was approved for 45,000. The total price out the door of the car was 48,000 so I had to come out of pocket 3,000 to the dealership.


It also depends on LTV. NFCU will loan up to 125% of NADA on a new vehicle, somewhat less than that on a used vehicle.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

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