About the PenFed Financing.......!

khsysh · 03-26-2009, 08:46 PM

Hello guys

Before I start.. let you guys know that i'm really bad at writing..

Any others in here, i'm trying to buy 370z and got a invoice price

but after getting the price, interest rate becomes the problem..

since many other did the PenFed i am also going to try the 3.99% financing..

but i am afraid of trying since its relates to army.. If I pay $20 and try the

3.99% financing, then there is no problem in the future right?

such as.. 'come to the army, right now' such as like that. lol......

Joining PenFed by paying $20, is there any losses or any influence to me?

MightyBobo · 03-26-2009, 10:27 PM

Hahaha - by joining PenFed, you're merely supporting the military. You arent signing up for it :-p.

ZzzZz · 03-26-2009, 11:32 PM

An alternative if you can't get this financing is Think Bank. Rates are also on par. I did their 60mo. 4.09% with credit score of 700 and 10% down.
24 Months
3.79% APR

36 Months
3.89% APR

48 Months
3.99% APR

60 Months
4.09% APR
https://www.thinkbank.com/rates/loan_rates.html

takimbe · 03-27-2009, 02:23 AM

You are just supporting the military and their families, not joining it.

pay the 20 bucks, join up, and get that Z!

AK370Z · 03-27-2009, 03:03 AM

Clearly states on the website:

National Military Family Association (NMFA)

If you do not fall within our regular field of membership, you can join the National Military Family Association (NMFA) in order to become a member with Pentagon Federal Credit Union.

* Low, one-time only fee
* Membership is open to anyone
* NMFA is the leading non-profit advocacy organization for military families
* You do not have to retain NMFA membership to stay a member with Pentagon Federal Credit Union

Also, please note that, you must have good credit in order to get the 3.99%. My FICO is 800+ and I think I saw couple members with 740+ got the rate as well. Keep that in mind as well.

khsysh · 03-27-2009, 03:30 AM

Thanks guys, I worried not that much.. and i am paying the car.. but

not about the credit.. my mother is sign it for me so she wants to make

that sure

! thanks guys!

iamtherhino · 03-27-2009, 04:56 AM

They just showed up at my place in a bus with a half dozen drill instructors! Don't fall for it!

takimbe · 03-27-2009, 05:21 AM

Quote:

Originally Posted by iamtherhino

They just showed up at my place in a bus with a half dozen drill instructors! Don't fall for it!

haha! How convenient, and to think I had to fly all the way to Ft. Benning to meet them after high school graduation so long ago...AND I didnt get financing for a Z or any car for that matter at the time!

dlmartin81 · 03-27-2009, 08:10 AM

My Z won't arrive till mid-May, they say. I too am going to try PenFed financing.

Question though, when can I apply? Can I apply for it now, even though the transaction won't be for another 1.5 months? Or do I have to wait till it is pretty close to closing the deal? Or does it even matter?

Thanks in advance.

MightyBobo · 03-27-2009, 10:11 AM

Quote:

Originally Posted by dlmartin81

My Z won't arrive till mid-May, they say. I too am going to try PenFed financing.

Question though, when can I apply? Can I apply for it now, even though the transaction won't be for another 1.5 months? Or do I have to wait till it is pretty close to closing the deal? Or does it even matter?

Thanks in advance.

Yes, you can apply right now and say you wont be picking it up for a couple months.

AK370Z · 03-27-2009, 02:53 PM

Quote:

Originally Posted by dlmartin81

My Z won't arrive till mid-May, they say. I too am going to try PenFed financing.

Question though, when can I apply? Can I apply for it now, even though the transaction won't be for another 1.5 months? Or do I have to wait till it is pretty close to closing the deal? Or does it even matter?

Thanks in advance.

Once you're approved, it's good for 90 days. So you CAN apply now if u want. But, 15 days before the delivery wouldn't be a bad decision (IMO)

MightyBobo · 03-27-2009, 10:39 PM

Im pretty sure I win the, "Who got approved and received their check the fastest", game.

I applied for my loan, and had the check in my hand 20 minutes later. No joke.

tbonesteak · 04-04-2009, 11:04 PM

^^ how did u do that?

AK370Z · 04-05-2009, 02:03 AM

Quote:

Originally Posted by tbonesteak

^^ how did u do that?

He probably used one of the computers in the base and just walked to the credit union (which is usually located inside base)

MightyBobo · 04-06-2009, 01:28 PM

Quote:

Originally Posted by AK370Z

He probably used one of the computers in the base and just walked to the credit union (which is usually located inside base)

Kinda. Funny story - part of my deal w/ the dealership was that they push payments off for 2 months. They said "OK". I get to the finance guy and Im still kinda curious how they'll want that to work seeing as I'll be getting PenFed to finance me, and he says, "Oh, just bring in the check by 45 days, and we'll shred the Nissan finance paperwork..." - sweet, sounds good.

So, 2 days later, Im at lunch with friends and get a call. Guy asks when Im going to bring the check in.

Me: "Uhhh...I guess around...day 40? The finance guy said up to 45 days, so...".
Him: "Im the finance guy".
Me: "OK, well YOU said 45 days then"
Him: "I never tell anyone 45 days...I said 4 TO 5 days"
Me: "............damn it"

So I go home and apply for the loan online (Ive been a PenFed member for over 5 years now), and Im approved immediately. Drive to the local branch 2 miles from my house, pick up the check (making sure THEY push payments off 2 months since the dealership fudged up there), and drop it off 10 minutes later

.

30 minutes from when I applied for the loan, to when I dropped the check off at the dealership.

03-26-2009, 08:46 PM	#1 (permalink)
khsysh Base Member Join Date: Feb 2009 Location: GA Posts: 104 Drives: 12 PW Z mt Rep Power: 17	About the PenFed Financing.......! Hello guys Before I start.. let you guys know that i'm really bad at writing.. Any others in here, i'm trying to buy 370z and got a invoice price but after getting the price, interest rate becomes the problem.. since many other did the PenFed i am also going to try the 3.99% financing.. but i am afraid of trying since its relates to army.. If I pay $20 and try the 3.99% financing, then there is no problem in the future right? such as.. 'come to the army, right now' such as like that. lol...... Joining PenFed by paying $20, is there any losses or any influence to me?

03-26-2009, 10:27 PM	#2 (permalink)
MightyBobo A True Z Fanatic Join Date: Feb 2009 Location: Las Vegas, NV Posts: 8,465 Drives: No cars; only bikes Rep Power: 53	Hahaha - by joining PenFed, you're merely supporting the military. You arent signing up for it :-p. __________________ I don't own a car anymore.

03-27-2009, 03:03 AM	#5 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	Clearly states on the website: National Military Family Association (NMFA) If you do not fall within our regular field of membership, you can join the National Military Family Association (NMFA) in order to become a member with Pentagon Federal Credit Union. * Low, one-time only fee * Membership is open to anyone * NMFA is the leading non-profit advocacy organization for military families * You do not have to retain NMFA membership to stay a member with Pentagon Federal Credit Union Also, please note that, you must have good credit in order to get the 3.99%. My FICO is 800+ and I think I saw couple members with 740+ got the rate as well. Keep that in mind as well. __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

03-27-2009, 03:30 AM	#6 (permalink)
khsysh Base Member Join Date: Feb 2009 Location: GA Posts: 104 Drives: 12 PW Z mt Rep Power: 17	thanks guys Thanks guys, I worried not that much.. and i am paying the car.. but not about the credit.. my mother is sign it for me so she wants to make that sure ! thanks guys!

03-27-2009, 04:56 AM	#7 (permalink)
iamtherhino Base Member Join Date: Feb 2009 Location: Louisville, Ky. Age: 42 Posts: 13 Drives: Supra Rep Power: 17	They just showed up at my place in a bus with a half dozen drill instructors! Don't fall for it! __________________ You've both done the same thing. You have standard road cars dressed with the tinsel of fake high performance. This here isn't just some road car with a bit of scaffolding in the back.

03-26-2009, 11:32 PM	#3 (permalink)
ZzzZz Base Member Join Date: Jan 2009 Location: SoCal Posts: 125 Drives: PG370, MT Rep Power: 17	An alternative if you can't get this financing is Think Bank. Rates are also on par. I did their 60mo. 4.09% with credit score of 700 and 10% down. 24 Months 3.79% APR 36 Months 3.89% APR 48 Months 3.99% APR 60 Months 4.09% APR https://www.thinkbank.com/rates/loan_rates.html

03-27-2009, 02:23 AM	#4 (permalink)
takimbe Base Member Join Date: Feb 2009 Location: San Diego, CA Posts: 223 Drives: 09' PG 370Z w/SP Rep Power: 265	You are just supporting the military and their families, not joining it. pay the 20 bucks, join up, and get that Z!

03-27-2009, 08:10 AM	#9 (permalink)
dlmartin81 Track Member Join Date: Dec 2008 Location: Chalfont, PA Age: 44 Posts: 923 Drives: 09 370Z Rep Power: 608	When is the ideal time to sign up? My Z won't arrive till mid-May, they say. I too am going to try PenFed financing. Question though, when can I apply? Can I apply for it now, even though the transaction won't be for another 1.5 months? Or do I have to wait till it is pretty close to closing the deal? Or does it even matter? Thanks in advance.

03-27-2009, 10:39 PM	#12 (permalink)
MightyBobo A True Z Fanatic Join Date: Feb 2009 Location: Las Vegas, NV Posts: 8,465 Drives: No cars; only bikes Rep Power: 53	Im pretty sure I win the, "Who got approved and received their check the fastest", game. I applied for my loan, and had the check in my hand 20 minutes later. No joke. __________________ I don't own a car anymore.

04-04-2009, 11:04 PM	#13 (permalink)
tbonesteak Track Member Join Date: Mar 2009 Location: Socal Posts: 914 Drives: MY09 MB 6MT Rep Power: 376	^^ how did u do that?

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