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?

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

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

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

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

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.

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!

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!

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.

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

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)

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.

^^ 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)

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.:tup: