- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Getting pre-approved financing for a car loan - what steps to take?
Posted on 7/27/15 at 8:05 pm
Posted on 7/27/15 at 8:05 pm
I've got about $5k in liquid cash to put down. I'm planning on selling a vehicle, expecting to get around $13k for it (it's paid off). However, I cannot sell it until after I get the new vehicle (I'm not trading it in), and will not be able to put that money towards the loan until the loan has been established. The vehicle I'm planning to get will be around $25-$30k out the door.
I've got an 828 credit score. Where do I start in getting pre-approved? Where do I go, how much should I look to get approved for and for what rate?
This is all assuming I cannot finance through the dealership for 0%.
I've got an 828 credit score. Where do I start in getting pre-approved? Where do I go, how much should I look to get approved for and for what rate?
This is all assuming I cannot finance through the dealership for 0%.
This post was edited on 7/27/15 at 8:08 pm
4
Posted on 7/27/15 at 8:13 pm to meeple
Penfed.org
You may have to get a loan for the full amount and refinance it after you get the funds from selling your current car
Penfed or your local credit union is the best place to start
I have one car with penfed and one with neighbors cu, both are great
You may have to get a loan for the full amount and refinance it after you get the funds from selling your current car
Penfed or your local credit union is the best place to start
I have one car with penfed and one with neighbors cu, both are great
Posted on 7/27/15 at 8:14 pm to meeple
quote:
Where do I start in getting pre-approved?
Penfed.com
quote:
Where do I go
Penfed.com
quote:
how much should I look to get approved for and for what rate?
Penfed.com's best rate and the most you want to spend.
quote:
This is all assuming I cannot finance through the dealership for 0%
9 times out of 10, 0% financing excludes you from better deals when "paying with cash" (external financing). Go to Will Cover's buying guide
Posted on 7/28/15 at 8:50 am to meeple
Penfed is the way to go.
You could go to a local credit union. The last car I bought, I called the credit union, talked to them about five minutes and they told me to come pick up a check. It was a blank check so essentially I was a cash buyer.
Im about 100 points under you on credit score. You will have the same options.
You could go to a local credit union. The last car I bought, I called the credit union, talked to them about five minutes and they told me to come pick up a check. It was a blank check so essentially I was a cash buyer.
Im about 100 points under you on credit score. You will have the same options.
Posted on 7/28/15 at 9:14 am to meeple
quote:
This is all assuming I cannot finance through the dealership for 0%.
Just because its advertised as 0%, does not mean its 0%. You're paying for it somewhere.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News