Nissan 370Z Forum - View Single Post

Cjanik · 06-26-2009, 12:02 AM

I just got turned down by penfed for the 3.99 APR loan.

I am also 25 years old, but I am putting down 25k dollars and financing 15k, but they still turned me down. My score is about 700 flat. I can pay it off but it wouldnt be a smart thing to do if i can get that 3.99 APR and invest the 15k.

Im going to resubmit my app and ask for 10k this time. Supposedly one big NO NO for anyone lending money is if you have other loans that you owe money on. penfed said they turned me down because I owe 5k on my 2008 Tacoma (worth like 19k), and 2k on a honda prelude.

oh well. best of luck, in this economy its whats going to happen.

06-26-2009, 12:02 AM	#29 (permalink)
Cjanik Track Member Join Date: May 2009 Location: Las Vegas Posts: 578 Drives: N/A Rep Power: 17	I just got turned down by penfed for the 3.99 APR loan. I am also 25 years old, but I am putting down 25k dollars and financing 15k, but they still turned me down. My score is about 700 flat. I can pay it off but it wouldnt be a smart thing to do if i can get that 3.99 APR and invest the 15k. Im going to resubmit my app and ask for 10k this time. Supposedly one big NO NO for anyone lending money is if you have other loans that you owe money on. penfed said they turned me down because I owe 5k on my 2008 Tacoma (worth like 19k), and 2k on a honda prelude. oh well. best of luck, in this economy its whats going to happen.