Pen Fed pre approved me, I thought I would get a lower rate.

[sweets2323]

strangest thing, I pplied to Cap 1 and was told I was not approved. 

My credit is great, no lates three cars paid for and cores in the mid 700's for all three. 

I wonder if it because, I put more than my income for the employer I addd. Iam also a real estate agent so Iadded another 20k on top fo my regular salary. Alos, I am wondering if I put my hypen last name or just thr first, 

Would any of those things affect my approval?

Pen fed pre approved me for 45k. 3-4 percent.

I want to add Carvana since its a soft pull

Then when I am ready to pull the trigger, I want to check Navy and DPU. But I am not ready yet because they are har pulls.

not sure when is the right time to do a hardpull

[sweets2323]

So Carvana also approved me, but there numbers arent s detailed as Pen Fed.

CARVANA

INTEREST RATE

3.90% - 7.91%

AX LOAN PERIOD

69 mo.

YOUR FINANCING TERMS

Your terms will expire on 

April 23, 2022

[RSX]

personally i would stick with the PenFed offer - 3-5% isnt bad for a used car

and you can always make extra payments, which lowers the overall Interest paid 

[sweets2323]

Its for a new 2022 lexus IS

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@RSX wrote:

personally i would stick with the PenFed offer - 3-5% isnt bad for a used car

and you can always make extra payments, which lowers the overall Interest paid 

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[sweets2323]

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@RSX wrote:

personally i would stick with the PenFed offer - 3-5% isnt bad for a used car

and you can always make extra payments, which lowers the overall Interest paid 

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Is it better to ut the money on extra payments or the initial down payment?

[RSX]

i would personally do extra payments -and put down the minimum needed

then you have the money and can make your own choices

if you go too 'lean' on your bank account, then if an emerg happens, you won't have the cash