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Pre-Approved for PenFed Auto Loan

Isacking97
Regular Contributor

Pre-Approved for PenFed Auto Loan

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84 months at 3.99%, going to wait amount a month (payoff 1-2 credit cards) and try again to get a better rate/lower months. 

For now only a SP. 



Starting Score:EX: 713 EQ: 698
3 REPLIES 3
4sallypat
Valued Contributor

Re: Pre-Approved for PenFed Auto Loan

Good rate for 84 months.

Is that new or used ?

 

I applied last month and got approved (HP) for $14,100 for 60 months on a lease buyout (used rate) and got 3.16% which was high compared to my local CU which offered 2.24%.

 

Had to mail back the PenFed check 2 party check and cancelled the loan as I went with my local CU.

Message 2 of 4
Quiquiro
Established Member

Re: Pre-Approved for PenFed Auto Loan

I refinanced my Hyundai Kona 2019 Limited AWD with Penfed one June 2021 for 

 

Used

72 months @ 4.02% for $25k flat. Prime rate for used at that time at Penfed where 3.96%

By august it went down to 3.7% and now its at 3.4% for used.

New ones comes for about 1.7% to up to 4%.

My mom bought a Palisade  72 months @2.2%, she got pre approved by mail, called by phone to get everything done. I tried checking at that time and the prime rates for 72 months was about 2.5% I think it was an offer just for her or something similar?

 

I'm never that lucky

 

 





http://mfgarden.club/spade_countdown_chart/20200918
Message 3 of 4
dunn2500
Frequent Contributor

Re: Pre-Approved for PenFed Auto Loan


@Isacking97 wrote:

image.png

84 months at 3.99%, going to wait amount a month (payoff 1-2 credit cards) and try again to get a better rate/lower months. 

For now only a SP. 


that is their lowest rate for 84mo so your at lowest they offer......

Message 4 of 4
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