Lots of folks seem to be using PenFed for auto loans bc of the great rate available, but I noticed the following at the start of the application:
Is this going to be problematic? It sounds like in some cases by the time you get the VIN Tesla wants you to complete the purchase within some silly amount of time like a day or two; maybe they are wiling to hold the vehicle at least until loan proceeds arrive if you have documented approval?
Please Note:All loan proceeds will take approximately 7-10 business days to arrive by mail. PenFed auto applications currently do not have the option to Express Ship or send to a Financial Center location at this time. We apologize for the inconvenience.
Is this going to be problematic? It sounds like in some cases by the time you get the VIN Tesla wants you to complete the purchase within some silly amount of time like a day or two; maybe they are wiling to hold the vehicle at least until loan proceeds arrive if you have documented approval?