need some help with loan questions

280z/300zx · 06-16-2009, 12:47 PM

So I got my VPP pricing and found a dealer who is willing to honor it and order my car the way I want. My next step was to got to penfed and get my loan out of the way since Nissan is only given 6.99% on thier loans. My question is this, my car won't be here for probably 2-4 months so how long with my penfed loan be good for? I mean I don't want to go put the deposit down to order my Z unless I know I can get financed. On the other hand I'm not sure how long my penfed check will be good for once I apply for it. Would it be better to order the car and wait to apply for the loan later? Just not sure how I should proceed.

Lastly, the dealer did find a Z almost exactly how I want it. The only thing is that it has splash guards which I do not want nor want to pay for. On top of that they want 500 to ship the car. On the good side I would have the car by the end of the week. Would it be better to order my car and wait or just get this one, not have to wait, but pay 600 more for the shipping and splash guards? Thanks

nogoodname · 06-16-2009, 12:50 PM

i would get it now, why wait 2-4 months.....enjoy the summer with the Z......it's just splash guards

phelan · 06-16-2009, 02:28 PM

To each their own, but to me, splash guards make the car look better anyway. I'd get it now as long as they flat bed the Z to your location.

fly yellow · 06-16-2009, 02:33 PM

I'd get it now for all of the reasons stated plus I would want the splash gaurds. Those splash gaurds can save you some paint chips.

nogoodname · 06-16-2009, 02:37 PM

^^ some..lol....they look super tiny

FuszNissan · 06-16-2009, 02:40 PM

Most bank approvals are good for 30days.

FuszNissan · 06-16-2009, 02:42 PM

Nissan's buy rate is *Cough* 5.34% *Cough* Teir 0 up to 63 months

fly yellow · 06-16-2009, 02:45 PM

I got 5.25% for 72 months from Bank of America, and that was with some upside down rollover wrapped in. I didn't know about PenFed, and I don't know if PenFed has that 3.9% rate for 72 months.

Caravanshaka · 06-16-2009, 02:49 PM

penfed is 4.25% for 72 months, fyi.

fly yellow · 06-16-2009, 02:53 PM

That's a great rate. I wish i would have found this place before I bought the car.

gatorfast · 06-16-2009, 03:30 PM

People finance cars for 72 months?!?! Must pay a fortune in interest...

joseZhartford · 06-16-2009, 03:35 PM

it sucks that u have to be in the military service to join penfed

gpa7pk · 06-16-2009, 03:41 PM

Quote:

Originally Posted by joseZhartford

it sucks that u have to be in the military service to join penfed

No you don't.

theDreamer · 06-16-2009, 03:41 PM

Quote:

Originally Posted by gpa7pk

No you don't.

Correct, you can pay 20 dollars I believe and join and get the rate.

gpa7pk · 06-16-2009, 03:45 PM

Quote:

Originally Posted by 280z/300zx

My question is this, my car won't be here for probably 2-4 months so how long with my penfed loan be good for? I mean I don't want to go put the deposit down to order my Z unless I know I can get financed. On the other hand I'm not sure how long my penfed check will be good for once I apply for it. Would it be better to order the car and wait to apply for the loan later? Just not sure how I should proceed.

The Penfed loan is good for 90 days from date of approval. They still offer 3.99% for 60 months.

06-16-2009, 12:47 PM	#1 (permalink)
280z/300zx Track Member Join Date: Feb 2009 Location: Nevada Posts: 689 Drives: 280z, 300zx, Vette Rep Power: 273	need some help with loan questions So I got my VPP pricing and found a dealer who is willing to honor it and order my car the way I want. My next step was to got to penfed and get my loan out of the way since Nissan is only given 6.99% on thier loans. My question is this, my car won't be here for probably 2-4 months so how long with my penfed loan be good for? I mean I don't want to go put the deposit down to order my Z unless I know I can get financed. On the other hand I'm not sure how long my penfed check will be good for once I apply for it. Would it be better to order the car and wait to apply for the loan later? Just not sure how I should proceed. Lastly, the dealer did find a Z almost exactly how I want it. The only thing is that it has splash guards which I do not want nor want to pay for. On top of that they want 500 to ship the car. On the good side I would have the car by the end of the week. Would it be better to order my car and wait or just get this one, not have to wait, but pay 600 more for the shipping and splash guards? Thanks

06-16-2009, 02:33 PM	#4 (permalink)
fly yellow Enthusiast Member Join Date: May 2009 Location: Baltimore, MD Posts: 455 Drives: 09 yellow 370z Rep Power: 265	I'd get it now for all of the reasons stated plus I would want the splash gaurds. Those splash gaurds can save you some paint chips. __________________ A severed foot is the ultimate stocking stuffer. Mitch Hedberg

06-16-2009, 02:40 PM	#6 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	Most bank approvals are good for 30days. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

06-16-2009, 02:42 PM	#7 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	Nissan's buy rate is Cough 5.34% Cough Teir 0 up to 63 months __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

06-16-2009, 02:45 PM	#8 (permalink)
fly yellow Enthusiast Member Join Date: May 2009 Location: Baltimore, MD Posts: 455 Drives: 09 yellow 370z Rep Power: 265	I got 5.25% for 72 months from Bank of America, and that was with some upside down rollover wrapped in. I didn't know about PenFed, and I don't know if PenFed has that 3.9% rate for 72 months. __________________ A severed foot is the ultimate stocking stuffer. Mitch Hedberg

06-16-2009, 12:50 PM	#2 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1765	i would get it now, why wait 2-4 months.....enjoy the summer with the Z......it's just splash guards

06-16-2009, 02:28 PM	#3 (permalink)
phelan A True Z Fanatic Join Date: Apr 2009 Location: CA Age: 39 Posts: 9,513 Drives: Scoobaroo Rep Power: 3407	To each their own, but to me, splash guards make the car look better anyway. I'd get it now as long as they flat bed the Z to your location.

06-16-2009, 02:37 PM	#5 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1765	^^ some..lol....they look super tiny

06-16-2009, 02:49 PM	#9 (permalink)
Caravanshaka I shake Caravans Join Date: Apr 2009 Location: north Dallas Posts: 9,517 Drives: everyone crazy Rep Power: 43	penfed is 4.25% for 72 months, fyi.

06-16-2009, 02:53 PM	#10 (permalink)
fly yellow Enthusiast Member Join Date: May 2009 Location: Baltimore, MD Posts: 455 Drives: 09 yellow 370z Rep Power: 265	That's a great rate. I wish i would have found this place before I bought the car. __________________ A severed foot is the ultimate stocking stuffer. Mitch Hedberg

06-16-2009, 03:30 PM	#11 (permalink)
gatorfast Base Member Join Date: Jan 2009 Location: SoFla Posts: 120 Drives: Z4 M Coupe Rep Power: 290	People finance cars for 72 months?!?! Must pay a fortune in interest...

06-16-2009, 03:35 PM	#12 (permalink)
joseZhartford Base Member Join Date: Jun 2009 Location: E hartford, connecticut Age: 45 Posts: 122 Drives: 2010 370z base coupe Rep Power: 16	it sucks that u have to be in the military service to join penfed

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