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  • PENFED is Awesome

    Got a used car loan at 2.49% last night! Had to do it over the phone because of not knowing pin# to finish online registration. Worked out to my advantage because they gave me online rate and mailed the check this morning. Paid $15 to have it overnighted and get to pick up truck on Friday afternoon.

    Total phone call was about 45 minutes.... would have been shorter but I probably asked more questions about the process then needed. Once I gave details it took less than 5 min to get an answer.

    If you are paying more than 2.49%,owe less then NADA retail, and have less than 100k miles.... use them to refinance.

    www.dfwdirtriders.com

  • #2
    my old truck was financed through them...Id do it again, but its not worth going from Ford's 2.75% to 2.49%

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    • #3
      So is this like an online CU or something?

      I've got a Jetta I need to get out from under and this might help depending on the strings attached.
      G'Day Mate

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      • #4
        I got 1.8% at my credit union

        Edit non members are 1.9% right now

        Might as well list it's in SA though www.RBFCU.org

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        • #5
          Originally posted by 01vnms4v View Post
          I got 1.8% at my credit union

          Edit non members are 1.9% right now
          Post the name or website for everyone.
          www.dfwdirtriders.com

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          • #6
            Originally posted by Grimpala View Post
            So is this like an online CU or something?

            I've got a Jetta I need to get out from under and this might help depending on the strings attached.
            Penfed is Pentagon Federal Credit Union

            You are supposed to be military or have military in your family. There are other ways around it though. You can pay $25 to some charity and get a membership.

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            • #7
              Originally posted by 8mpg View Post
              Penfed is Pentagon Federal Credit Union

              You are supposed to be military or have military in your family. There are other ways around it though. You can pay $25 to some charity and get a membership.
              I claimed my brother in law and it worked. They don't even ask. You simply put in a name online when you register. Everyone knows someone in the military.
              There is now a $15 charity also. You are required to deposit $5 dollars to open an account though.
              www.dfwdirtriders.com

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              • #8
                Originally posted by mustangguy289 View Post
                Post the name or website for everyone.

                Done. Even though I'm in Dallas area, when I lived in SA I kept the acct open

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                • #9
                  1.49% at the Tarrant County Credit Union. Only requirements for membership are to live or work in Tarrant County. I got this rate on my recent truck purchase. Just get pre-qualified and go shopping!

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                  • #10
                    Is there an age limit?

                    I know when you typically finance older vehicles the interest rate is higher. Atleast that was my experience in the 2 10+ cars I have owned.
                    Originally posted by Cmarsh93z
                    Don't Fuck with DFWmustangs...the most powerfull gang I have ever been a member of.

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                    • #11
                      Originally posted by 347Mike View Post
                      Is there an age limit?

                      I know when you typically finance older vehicles the interest rate is higher. Atleast that was my experience in the 2 10+ cars I have owned.
                      The guy on the phone at penfed said what matters to them is mileage (100k or less gets up to 60 months, 100-125 gets up to 24 months, over 125 does not get a loan) and that the loan value is less than the NADA Retail value, and you have good-excellent credit.

                      The do not have any other interest rate on used cars that match the above except for 2.49 (3.49 over the phone). You either get it or you don't.

                      I believe they have a 72month option for cars over $70,000 that has a higher interest.
                      www.dfwdirtriders.com

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                      • #12
                        Sweet. I will have to call. Thanks.

                        Do you have to have another account such as checking/savings in order to apply?
                        Originally posted by Cmarsh93z
                        Don't Fuck with DFWmustangs...the most powerfull gang I have ever been a member of.

                        Comment


                        • #13
                          Originally posted by 347Mike View Post
                          Sweet. I will have to call. Thanks.

                          Do you have to have another account such as checking/savings in order to apply?
                          Yes, they require a $5 deposit to open an account. If you call instead of online the rate is 3.49. I was only given the 2.49 online rate because I never received my pin # to finish online registration. The loan officer gave the lady the ok to give me the online rate. You can always call and ask though.
                          www.dfwdirtriders.com

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                          • #14
                            Originally posted by Rotortrash View Post
                            1.49% at the Tarrant County Credit Union. Only requirements for membership are to live or work in Tarrant County. I got this rate on my recent truck purchase. Just get pre-qualified and go shopping!

                            https://www.tarrantcu.org/
                            How many months did you do for that rate?

                            We owe half the NADA value on the car and both have excellent credit.
                            www.dfwdirtriders.com

                            Comment


                            • #15
                              Originally posted by Rotortrash View Post
                              1.49% at the Tarrant County Credit Union. Only requirements for membership are to live or work in Tarrant County. I got this rate on my recent truck purchase. Just get pre-qualified and go shopping!

                              https://www.tarrantcu.org/
                              i must've missed out. the lowest rate i see on their site is 2.49.

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