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Has any one tried this loan product?
Im curious about it, It's seems kinda like a lease.
from penfed website:
Loan Payment Example: A $40,000 used auto financed at 1.74% APR; 60 monthly payments of approximately $329 each, with a final balloon payment of approximately $25,054. $40,000 used auto financed at 1.74% APR; 48 monthly payments of approximately $287 each, with a final balloon payment of approximately $29,637.
Let me know if anyone's how hard is approval and what they pull?