Loove the truck. And don't let them play games with you on the buyout either. They are such crooks. So Penfed pulls EQ9 so I would wait for your report to catch up however I honestly think you'll be ok given the relationship and history with Penfed, your score (although again, EQ9), and the fact that auto loan rates are not "quite" pegged to the Fed rates like other instruments.
Wouldn't hurt to give them a ring and see where their rates are.
@jazhead077 wrote:Hi All, I am currently rebuilding from a 2020 divorce/Covid layoff. I have AZEO but still waiting for the statement dates to report. PDF on Oct 7th, but still reporting on EQ report.
Okay, so I have a lease on 2019 VW Atlas SEL R-Line that expires at the end of Dec. I want/slightly need a truck but this is a terrible market to buy or lease a full size truck, so I think I'm going to buy out the lease for now and sell or trade in when it makes better financial sense for me. I would also like to pick up at least one 0% card home good/furniture purchases. I want to maximize my HP and new accounts before going back into the garden. I belong to both Patelco and Penfed and have purchased and paid off a car with Penfed. It sounds like the FED is about to increase their rates this week so I am not sure if I should wait for my EQ report to clear up before getting pre-approved by PenFed. I have auto loan prequalification from Patelco and could also apply for a Pure MC (6 month - 0% BT) with one HP. But, I feel Penfed has the best cc and auto loan options for my needs. Any thoughts or suggestios are welcome and appreciated!
My scores are currently Fico 8 EQ: 682 (still reporting 18% ult and 1 collection) EX 748 (13% utl clean report) TU: 761 (8% utl clean report)
AAoA: 7.6 AoMRC: 12 months 18 year history 110k total credit
What jumps out at me is the disparity between your EQ score and your scores with TU and EX. AFAIK, Patelco is an EX puller, while PenFed is an EQ puller. In my book Patelco's Pure card is much better than a comparable PenFed card. So I would go with the Patelco card.
