PenFed Mileage FYI

[Anonymous]

I'm not sure if this is common knowledge or has been posted (I don't know very much about auto loans), but I joined PenFed today and was pre-approved for an auto loan. Unfortunately, my car has 127,000 miles and the maximum is 125,000 miles to be approved for a used loan/refinancing. Just a heads up in case anyone is looking to buy or refinance a used car.

[Repo-ed]

This may be a blessing in disguise for you.  To refi an item that has no value, can not be a good thing, right?

[Anonymous]

It would have saved me ~$550 in interest, which is why I was interested in the refi.

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@Repo-ed wrote:

This may be a blessing in disguise for you.  To refi an item that has no value, can not be a good thing, right?

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