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Questions About Financing New Vehicles

2253 messages,  Last post on Nov 18, 2009 at 12:07 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Financing


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#2216 of 2253
Online financing? by romicva
May 17, 2009 (12:05 pm)
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What other then up2drive reputable online financing institutions are out there? Anyone with exprience... Thank you.
#2217 of 2253
press request by kirstie_h HOST
May 18, 2009 (6:54 am)
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A reporter is looking to hear from current car-shoppers by 5pm Pacific on May 18, 2009. Please send to jfallonedmunds.com your daytime contact info and a few sentences about the impressions of the marketplace in relation to the dramatic news surrounding the auto industry.
Thanks,
Jeannine Fallon
Corporate Communications
 
Edmunds.com
#2218 of 2253
Re: Online financing? [romicva] by joel0622
May 18, 2009 (1:21 pm)
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Replying to: romicva (May 17, 2009 12:05 pm)

Capital One
#2219 of 2253
Affordability Calculator by greensuv
May 22, 2009 (9:54 am)
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We now have an Affordability Calculator which helps you figure out the price range of the cars you can shop for based on your desired monthly payment: http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=affordability-
#2220 of 2253
dealership contract and new auto loan by tornadog
Aug 05, 2009 (10:27 am)
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I had applied for an auto loan through Penfed for their 3.99% APR, and was denied the loan. So I purchased the car with the dealership offered rate which was significantly higher. After doing some research, I found that Penfed allowed reconsideration of loan applications. On reconsideration, my loan was approved and they sent me a check in mail made out to the dealership and me. Now how do I void the dealership contract and make Penfed the lienholder on my title. Who possesses my title at this point? Its been Nine(9) days since I signed the contract and bought the vehicle. Penfed requires me to send them the title and signed promissory note within 30 days. Is that enough time to get the title transferred to them?
#2221 of 2253
Re: dealership contract and new auto loan [tornadog] by volvomax
Aug 05, 2009 (2:57 pm)
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Replying to: tornadog (Aug 05, 2009 10:27 am)

If the dealer sent the contract to their lender it may be too late. they would have sent the title/MSO in with that lenders information.
Check and see if the dealer still has your contract.
#2222 of 2253
Financing new car (not from the dealer) by mjadhav
Aug 06, 2009 (7:48 am)
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I am thinking of using a manufacturer incentive to buy a new car. That will knock off a few grand from the price of the vehicle, but I can't take advantage of the manufacturer's low rate financing if I take that option.
What's the best place to get auto financing from? I have heard about PenFed - anybody used them? What was the experience?
#2223 of 2253
Re: Financing new car (not from the dealer) [mjadhav] by lrguy44
Aug 06, 2009 (8:28 am)
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Replying to: mjadhav (Aug 06, 2009 7:48 am)

Check rates at your local banks and credit unions. The dealer still may be able to furnish a lower rate because he works with banks that may give him a lower rate than you can get However, find out your credit score and do not let anyone pull your credit until you have researched all rates. .
#2224 of 2253
Re: dealership contract and new auto loan [volvomax] by tornadog
Aug 06, 2009 (8:38 am)
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Replying to: volvomax (Aug 05, 2009 2:57 pm)

You are right. They had already sent it to CapOne and so now I will have to wait to get my account information. I will have to deal directly with them now, I guess. I just hope to have everything done and sent within the 30 day window they have given me.
#2225 of 2253
Re: dealership contract and new auto loan [tornadog] by corvette
Aug 10, 2009 (5:26 am)
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Replying to: tornadog (Aug 06, 2009 8:38 am)

Call PenFed and talk to them. They will probably reissue the check to CapOne.

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