How to finance with PenFed quickly without going insane

[andrewket]

you don't have to have the check cashed by 2/28, you just need to have it issued by 2/28.

Nope, cashed. I confirmed this with penfed on Thursday. Wiring the funds was the only way to lock in the rate on 2/28.

 

[markb1]

Nope, cashed. I confirmed this with penfed on Thursday. Wiring the funds was the only way to lock in the rate on 2/28.

I think it actually varies. They sent a "Truth in Lending Disclosure/Promissory Note" for me to sign and return, which specifies the rate. It was also pre-signed by penfed, so I don't see how the could change the rate on me, now. But we'll see, because I mailed the check to my bank, and it hasn't shown up in my account, yet.

 

[andrewket]

Deleted

 

[shady]

If you did not cash the check by 2/28 you lost the 1.49 rate.

Who knows with PenFed. They tell you something different every time you speak to them. I did get confirmation that I got the 1.49% rate even though the check hasn't arrived yet and if I go online, that's the rate I see on my account together with the payment date etc.

 

[PlugMeIn]

Nope, cashed. I confirmed this with penfed on Thursday. Wiring the funds was the only way to lock in the rate on 2/28.

I started my loan application in January at the 1.49% rate and just got my final MVPA from Tesla. Thought the rate was locked at time of application.

 

[Discoducky]

I'm not sure if I'm more happy or sad about this email from PenFed

 

[texex91]

I'm not sure if I'm more happy or sad about this email from PenFed

What the heck is that picture? The prototype 1A?

 

[brianman]

What the heck is that picture? The prototype 1A?

It's an Alpha. Nine spoke wheels are the first tip off. The red version looks much better (especially as my desktop wallpaper). Of course, it should, the red paint job was $50k.

 

[yobigd20]

Is that a Maserati? Is that a Jag? Or is that a Honda? (LOL, seriously, I actually got that one yesterday. a HONDA. that's a first.)

 

[GDH]

Car buying service doesn't work with Tesla because there is no dealership.

 

[fuelsman]

Got my Alliant Credit Union auto loan for 1.49% for 72 months, applied in August and got the loan check in time for my September 21 delivery. Last time I checked they were still advertising 1.49% interest.