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How Long does it take for Penfed to send out auto loan check?

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mixedracebaby
New Member

How Long does it take for Penfed to send out auto loan check?

Hi all. recently got approved for a car loan with PenFed. I had a recent bankruptcy and they were the only Credit Union that would approve me.

 

after getting the buyers order from the dealer, i submitted everything through their loan site only to find that they intend to send me the check. I called in and asked if they could overnight the check or do some express type delivery and the rep said no they don't do that. just said 5-7 days.

 

What are other's experiences with getting the check? did it come sooner, or later?

 

Edit: For anyone who sees this in the future wondering the same thing, my check came in about 5 business days.

Message 1 of 7
6 REPLIES 6
sccredit
Valued Contributor

Re: How Long does it take for Penfed to send out auto loan check?

My auto loan experience with PenFed was 8 years ago but they overnighted it automatically. 

Message 2 of 7
coreyb80
Super Contributor

Re: How Long does it take for Penfed to send out auto loan check?


@mixedracebaby wrote:

Hi all. recently got approved for a car loan with PenFed. I had a recent bankruptcy and they were the only Credit Union that would approve me.

 

after getting the buyers order from the dealer, i submitted everything through their loan site only to find that they intend to send me the check. I called in and asked if they could overnight the check or do some express type delivery and the rep said no they don't do that. just said 5-7 days.

 

What are other's experiences with getting the check? did it come sooner, or later?


I requested my check be overnighted to me last year and they obliged.  I got the check by 10AM the next morning and gave it to the dealer that evening.

Message 3 of 7
dunn2500
Established Contributor

Re: How Long does it take for Penfed to send out auto loan check?

same here......over nighted and they waved the fee, $20 to make a cpl of k in interest seems fair to them, lol

Message 4 of 7
805orbust
Valued Contributor

Re: How Long does it take for Penfed to send out auto loan check?

I've done 2 with Penfed and it's always within 2 or 3 days.



Message 5 of 7
7774x
Established Contributor

Re: How Long does it take for Penfed to send out auto loan check?


@mixedracebaby wrote:

Hi all. recently got approved for a car loan with PenFed. I had a recent bankruptcy and they were the only Credit Union that would approve me.

 

after getting the buyers order from the dealer, i submitted everything through their loan site only to find that they intend to send me the check. I called in and asked if they could overnight the check or do some express type delivery and the rep said no they don't do that. just said 5-7 days.

 

What are other's experiences with getting the check? did it come sooner, or later?


Fastest , safer way is overnight  delivery ... Regular US Mail not worth the risk .  especially if vehicle purchase  just waiting for check

Message 6 of 7
Jimmy7mendoza
Established Member

Re: How Long does it take for Penfed to send out auto loan check?

Ok this was my expierence this past March of 2022 for my Tesla purchase. I had 3-4 days to take delivery, but the check was going to take a week to get to me. I had to CHCA (Call hangup Call again Smiley LOL ) and tell my story how i needed it the next day until I found the right person that would offer me the next day FedEx, after about 5 CHCA I finally got an old sweet lady to handle it for me and got it the next day. I also told them I would drive to the nearest branch which was San Diego (I was in LA) to personally pick it up, but was denied. 

Message 7 of 7
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