06-15-2009, 02:55 PM
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#1 (permalink)
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Enthusiast Member
Join Date: May 2009
Location: Florida
Posts: 309
Drives: Nissan 370Z
Rep Power: 17
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Auto Loan Question
So I signed up with PenFed to borrow $13k for my Z. They were taking a while to approve my loan (still pending). I know I'll get it, I have excellent credit. The problem is, someone agreed to my offer this past weekend and I just had to jump on it and buy my Z. I got a relative to lend me the $13k I needed to buy the car.
I obviously owe this person $13k asap. My question is, once I get approved for the loan, how do I pay this person back? I would think they give me a check to my name and I do what I want with it, but when I called in they said eventually they would need the VIN and all that. Maybe I'm freaking out over nothing but I really want that 3.99%. I don't want them to think this is just a personal loan I got and then give me a higher rate.
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