topic USAA approved 63k for 4.04% NFCU or Penfed in Auto Loans

USAA approved 63k for 4.04% NFCU or Penfed

rileydude — Thu, 07 Feb 2019 01:45:31 GMT

Good afternoon all

So, USAA just pre approved me for the auto loan amount I asked for, $63k with a 4,04% interest rate after a .25% discount for 60 months. I was wondering in todays rates as they all have gone up if anyone thinks NFCU or Penfed could beat that rate? I know profiles are different as well as the bureu that will be pulled. I have about 20yrs of history, multiple auto loans paid off, one missed payment 5 yrs ago on my Discover..still pissed about that!! My scores are are all mid 700s auto enhanced with Fico 9 slightly higher but not by much. Utillization is roughly 30% right now,that will drop the end of the month when they report. My DTI is at 20% on $90k income.

I am actuay pretty content with this rate...just curious what ya all think if its worth going through the back and forth if its not a instant approval with the banks to save maybe another .25% interest?

Re: USAA approved 63k for 4.04% NFCU or Penfed

Gladius — Thu, 07 Feb 2019 13:42:52 GMT

@rileydude wrote:
Good afternoon all
So, USAA just pre approved me for the auto loan amount I asked for, $63k with a 4,04% interest rate after a .25% discount for 60 months. I was wondering in todays rates as they all have gone up if anyone thinks NFCU or Penfed could beat that rate? I know profiles are different as well as the bureu that will be pulled. I have about 20yrs of history, multiple auto loans paid off, one missed payment 5 yrs ago on my Discover..still pissed about that!! My scores are are all mid 700s auto enhanced with Fico 9 slightly higher but not by much. Utillization is roughly 30% right now,that will drop the end of the month when they report. My DTI is at 20% on $90k income.
I am actuay pretty content with this rate...just curious what ya all think if its worth going through the back and forth if its not a instant approval with the banks to save maybe another .25% interest?

My experiences with USAA has always been whatever dealership I am dealing with will beat their rates.

Re: USAA approved 63k for 4.04% NFCU or Penfed

rileydude — Thu, 07 Feb 2019 16:54:11 GMT

NFCU beat it,3.29%..Audi said they cant beat that rate as their lowest rate is 3.49%. The only is that they playing hardball to negotiate the final purchase price when it comes to current Audi and Dealer incentives.