Penfed financing Customers...

[cups]

Well thanks for bringing this up Mongoose. I just joined up and refi'd at 1.49.

 

[Budget1]

I just refinanced from Ford Credit to PenFed. 1.74%. Extremely easy process.

 

[EdgeR6]

I did navy fed full amount decent credit 57k 96 months. 5.8 percent. Our credit is good but no great, this also help us keep the payment lower, I like to over pay my loans each month it makes a hugh difference and if depending on how you do it this will allow you to skip a payment say like X-mas time and not add it on since you have bassicly allready made the payment. How ever keep an eye on it and at least pay the intrested for the month you are skipping. I plan on keeping this truck for a while but this loan will most likely get refied in a couple of years.

If things go good this month house refi. the turck will be our biggest payment, My truck doesn't reflect the house. House is small.

 

[DrippinRaptor]

I did navy fed full amount decent credit 57k 96 months. 5.8 percent. Our credit is good but no great, this also help us keep the payment lower, I like to over pay my loans each month it makes a hugh difference and if depending on how you do it this will allow you to skip a payment say like X-mas time and not add it on since you have bassicly allready made the payment. How ever keep an eye on it and at least pay the intrested for the month you are skipping. I plan on keeping this truck for a while but this loan will most likely get refied in a couple of years.

If things go good this month house refi. the turck will be our biggest payment, My truck doesn't reflect the house. House is small.

I've never heard of a bank offering 96 months/8 years. That's a first to me.

 

[Tautog]

Yikes

 

[Icecobra]

All I can say if your worried about missing work and sick or injured.... Cue the duck... AFFLAC......

 

[Marcs]

I did navy fed full amount decent credit 57k 96 months. 5.8 percent. Our credit is good but no great, this also help us keep the payment lower, I like to over pay my loans each month it makes a hugh difference and if depending on how you do it this will allow you to skip a payment say like X-mas time and not add it on since you have bassicly allready made the payment. How ever keep an eye on it and at least pay the intrested for the month you are skipping. I plan on keeping this truck for a while but this loan will most likely get refied in a couple of years.

If things go good this month house refi. the turck will be our biggest payment, My truck doesn't reflect the house. House is small.

I hope the "96" is a typo.......5.8%.....wow.......you will be upside down for quite a few years.........

 

[HoldenTX]

You're not being a Debby downer, nor do you know my financial situation. I could pay cash for the Raptor, but the idea of having insurance to cover the payment if I'm off work does appeal to me. However, I do have an abundance of "Oh Shit" money that I'd like to keep in savings.

I don't get it - why do you want to pay for insurance when you already have enough savings to cover the entire purchase of the vehicle? Sounds like you already saved your insurance policy.

 

[VA Soldier]

I used PENFED to finance my 13 SCREW. Simple process and quick turnaround. I am a USAA member and do all my banking and insurance thru them, but have financed 5 cars thru PENFED over the last 10 years and the process has always been simple, the rates have always been the lowest and I have never been penalized for paying off the loan early. If you can qualify for the low rates, PENFED is the way to go. Their customer service has always been top notch as well.

 

[Geauxfish]

+1 VA Soldier
I've had many truck and car loans with PenFed and they are great and usually have the lowest rates. I also use USAA, had my boat loan thru them, but there rates are not quite as good as PenFeds. One drawback with PenFed if you can call it that...say you get a 5 year loan at 1.99% and six months later the rates drop to 1.29%. Some lenders will allow you to refinance your truck to the lower rate, but when PenFed does that, you have to borrow an extra $5000. Some may find that as no problem as you can use that $5000 for home repairs or pay off another higher interest loan. Shoot, it's basically another loan at a very low interest rate. Not for me.
I went with my local CU as they beat PenFeds rate at the time. I got a 72 month loan for 1.9% and my note is about $600/mo.
Go with PenFed, great CU.