cancel
Showing results for 
Search instead for 
Did you mean: 

Navy Federal Auto Loan 7 months post discharge

tag
southernblueeyes
Regular Contributor

Navy Federal Auto Loan 7 months post discharge

Navy Federal is amazing!! Bk7 discharged just 7 months ago in March 2020. I thought no way I would get approved for an auto loan already. Approved instantly for the full amount I requested. My original plan was to wait til Spring and get a 2021 Acura TLX Type S but with the economy the way it is I didn't want to get stuck with a high car payment. Found a 2016 Honda Accord EX-L V6 with only 38,500 miles. 48 month loan @ 8.49%. I can't remember the last time I had a $400 car payment. Lol! My last car was $1100 a month @ 6% interest. I'll be paying extra monthly to pay off earlier. So very happy with the deal!! And thankful for interest rates in the single digits!! Could not be happier with NFCU!! 

Message 1 of 12
11 REPLIES 11
Shooting-For-800
Senior Contributor

Re: Navy Federal Auto Loan 7 months post discharge

Navy can be very generous.

Congrats!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 2 of 12
Anonymous
Not applicable

Re: Navy Federal Auto Loan 7 months post discharge

Congrats on your approval!

Message 3 of 12
LakeLife
Established Contributor

Re: Navy Federal Auto Loan 7 months post discharge

Hard work pays off!  Congrats!  Honda's are great little cars.  You  made a wise financial decision.  




Message 4 of 12
AllZero
Mega Contributor

Re: Navy Federal Auto Loan 7 months post discharge

Congratulations on your approval! Enjoy your new ride.
Message 5 of 12
tywonagain
Established Member

Re: Navy Federal Auto Loan 7 months post discharge

Congrats on the approval,  what were your scores?

Starting Score: EQ584 TU553 EX 539
Current Score: EQ673 TU659 EX 688
Goal Score: 750


Take the myFICO Fitness Challenge



CH7 D/C 11/2019
Message 6 of 12
coreyb80
Super Contributor

Re: Navy Federal Auto Loan 7 months post discharge

Congrats on the approval!

Message 7 of 12
Gr4bGames
New Member

Re: Navy Federal Auto Loan 7 months post discharge

Were you a member of Navy Federal when you applied? I have not used NF but have heard a lot about them recently. I am in the filing process now and would like to have something to look forward to. Do they require membership for their loans or are they available to non-members?

Starting Score: 594
Current Score: 594
Goal Score: 720


Take the myFICO Fitness Challenge
Message 8 of 12
southernblueeyes
Regular Contributor

Re: Navy Federal Auto Loan 7 months post discharge


@tywonagain wrote:

Congrats on the approval,  what were your scores?


622 EX8 

647 EQ8

607 TU8

694 EQ9

Thank you!

 

Message 9 of 12
southernblueeyes
Regular Contributor

Re: Navy Federal Auto Loan 7 months post discharge


@Gr4bGames wrote:

Were you a member of Navy Federal when you applied? I have not used NF but have heard a lot about them recently. I am in the filing process now and would like to have something to look forward to. Do they require membership for their loans or are they available to non-members?


They require membership. I got my membership through both my grandfathers being Navy veterans. 

Message 10 of 12
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.