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New PenFed Auto Loan

Community Leader
Super Contributor

New PenFed Auto Loan

Was out of garden other day which ended up in their new 2% cc for 30k, figured I would grab a PLOC while was at it... Then one thing led to another and ended up with a 2.49% 60 month auto loan for a new 2017 mercedes benz amg c43 coupe (black on black).  Take delivery of it saturday.  Check is in fedex overnight on its way to me and will be here AM tomrrow.  Was a really painless process dealing with PenFed.. anything over 50k which this was required a buyer order agreement which I provided by uploading it online and once they had that approved status and check sent.  All good with the same pull..  Started out with a new CC and ended up with new car.. Oh well only live once Smiley Happy

 

c431.jpg

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18 REPLIES
Valued Contributor

Re: New PenFed Auto Loan

It's beautiful!! Congratulations!!

AmexPlat(NPSL) Amex BCP(26k) BofA CR Siggy(15k) NFCU CLOC(15K) NFCU VS Cash(12.5K) Venture WMC(10.25k) Walmart(10k) BofA BBR(10k) Lowes(10K) Discover(8.5k) Chase FU(7k) Pier 1(6.5k) BB Visa(6k) Care Credit (6k) J Crew(5.9k) Citi Diamond(5.5k) Barclaycard(5k) PenFed PCR(5K) Kohls(3k) Mortgage May 2017 - 2 Penfed auto loans May 2017

FICO 8 Scores EX 680(15) EQ 669(17)TU 692(18) AAOA 3.0yrs TCL=167,150
Community Leader
Super Contributor

Re: New PenFed Auto Loan


CreditCuriousity wrote:

Was out of garden other day which ended up in their new 2% cc for 30k, figured I would grab a PLOC while was at it... Then one thing led to another and ended up with a 2.49% 60 month auto loan for a new 2017 mercedes benz amg c43 coupe (black on black).  Take delivery of it saturday.  Check is in fedex overnight on its way to me and will be here AM tomrrow.  Was a really painless process dealing with PenFed.. anything over 50k which this was required a buyer order agreement which I provided.  All good with the same pull..  Started out with a new CC and ended up with new car.. Oh well only live once Smiley Happy

 

c431.jpg


Nice car, and congrats on the PF loan as well. Smiley Wink

 

Me personally, I love my Toyota.....maintence free Smiley Wink

(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Valued Member

Re: New PenFed Auto Loan

Very Nice! penFed has a 2% interest rate credit card? Please give the details as I do not see this.

Community Leader
Senior Contributor

Re: New PenFed Auto Loan

woawwwww CC, That is nice!  Congrats.


Community Leader
Super Contributor

Re: New PenFed Auto Loan


twoshoes wrote:

Very Nice! penFed has a 2% interest rate credit card? Please give the details as I do not see this.


https://www.penfed.org/Power-Cash-Rewards/?WT.ac=A2276

 

 

1.5% if you don't have a checking or savings with them not sure of min amount or 2% if you do which in my case I do and use them as my primary credit union so it is a 2% card.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's| US Bank | Fifth Third Bank | FNBO
Moderator

Re: New PenFed Auto Loan


twoshoes wrote:

Very Nice! penFed has a 2% interest rate credit card? Please give the details as I do not see this.


Confusion here.  It's not a 2% interest credit card.  It's a 2% cash back card.

 

CC, congrats on the car.  Very nice

Community Leader
Super Contributor

Re: New PenFed Auto Loan


Irish80 wrote:

twoshoes wrote:

Very Nice! penFed has a 2% interest rate credit card? Please give the details as I do not see this.


Confusion here.  It's not a 2% interest credit card.  It's a 2% cash back card.

 

CC, congrats on the car.  Very nice


Errr... Ya complete typo sorry about that guys, don't know what i was thinking or lack of thinking!  I meant 2% Cashback obviously... 

 

Thanks Irish and others on the compliment of the car. The payment is real though and hurts lol.. Although not much more than my previous car and with newer job it more than offsets the payment Smiley Happy

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's| US Bank | Fifth Third Bank | FNBO
Community Leader
Super Contributor

Re: New PenFed Auto Loan

@CC,

 

Congrats and beautiful car.  Did you get rid of the Lexus?  Let me know how this car rides... In the market for a new one myself....

Community Leader
Super Contributor

Re: New PenFed Auto Loan


Yes-Its-Me wrote:

@CC,

 

Congrats and beautiful car.  Did you get rid of the Lexus?  Let me know how this car rides... In the market for a new one myself....


Thanks Yes-Its-Me... Will be picking it up and leaving early from work today and taking the 55 mile drive to ajoining state to get it as I refused to do business with MB of Nashville as they have rubbed me wrong a few way a few different time... Actually had one year left in lexus lease, but it held its value so well I was surpised on the buyout of the leae vs what it was worth and I ended getting out of it owing zilch(they are paying off the lexus lease with nothing out of my pocket) when I found this out it all fell into place and figured since I got a new job with a nice increase not to long ago treat myself to a new car..  Was nice the lexus lease did wonders for me as it washed out the 8.5k negative equity on my old car due to bad APR on infiniti due to bad credit mistakes back then and ended up being a wash after only 2 years.. granted lease payments on the lexus were high, but made it through it and got rid of that nasty negative equity of prior car at 10.x apr financing.. Now that credit is so much better I have tons of options!Smiley Happy

 

Will certainly let you know how much I like it over time.. I think it will work out just fine as use to have a Benz before I have missed it since!  I had an infiniti and as you know lexus since and neither of them have made me near as happy as the mercedes I use to have did.

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