NFCU Auto loan

[Madyun1982]

Hello everyone..

I was looking around the boards trying to see if I can find the answer to my question.. But to no Avail..

I got approved for a NFCU auto loan for  50k.. I just left the dealership and the car is going to be 40,000 .. Will Navy just take back the difference? Or will I? This is my 1st time purchasing a car this way. So I just wanted to know how this works.. Thanks in advance 

[JM427]

@Madyun1982 I am assuming that you have the check in hand from Navy Federal?  When you complete the deal, you will fill out the deal details and sign the check, the dealer will draw the amount of the deal, and your loan will be finalized at that amount.

[Madyun1982]

Thank you for your reply! 

[babygirl1256]

Congrats on your NFCU auto loan.