- Thread starter
- #1
How did this go? Any tips? Does dealer need to know before I walk in? There are much better rates than dealers are offering.
Sponsored
Sponsored
- First Name
- Amy
- Joined
- Sep 9, 2022
- Threads
- 18
- Messages
- 1,510
- Reaction score
- 2,682
- Location
- Great Lakes Region
- Vehicle(s)
- 2023 Hybrid Lariat Luxury w/CP360 + CP360A
- Engine
- 2.5L Hybrid
I financed through Navy Federal Credit Union, because they had the cheapest rates I could find.
Applied online, received a check by overnight delivery, took it to the dealership with me.
No, dealership does not need to know in advance, though I did tell my dealer in a conversation beforehand.
They readily agreed they couldn't come close to NFCU's rates.
Applied online, received a check by overnight delivery, took it to the dealership with me.
No, dealership does not need to know in advance, though I did tell my dealer in a conversation beforehand.
They readily agreed they couldn't come close to NFCU's rates.
- First Name
- Andrew
- Joined
- Oct 20, 2022
- Threads
- 3
- Messages
- 289
- Reaction score
- 338
- Location
- Olathe, Kansas
- Vehicle(s)
- 19 Nissan Kicks SV
- Engine
- 2.5L Hybrid
Just like nobbyv said. I went to Navy Federal which had much better rates than the dealership. They did approval over the phone and I just had to go pick up a check from them the next day at my closest branch. The day after that I drove to the dealership and handed them the check in exchange for my Mav. Done.
Sponsored
- First Name
- Amy
- Joined
- Sep 9, 2022
- Threads
- 18
- Messages
- 1,510
- Reaction score
- 2,682
- Location
- Great Lakes Region
- Vehicle(s)
- 2023 Hybrid Lariat Luxury w/CP360 + CP360A
- Engine
- 2.5L Hybrid
- First Name
- Andrew
- Joined
- Oct 20, 2022
- Threads
- 3
- Messages
- 289
- Reaction score
- 338
- Location
- Olathe, Kansas
- Vehicle(s)
- 19 Nissan Kicks SV
- Engine
- 2.5L Hybrid
That's hilarious! I just saw that yours posted before mine. It wasn't there when I started posting. Great minds I guess...
Not sure how your autocorrect changed MM Mav to nobbyv, but it sure made me laugh.
- Thread starter
- #8
I assume there is not a local branch? Reason for mail. There is not a local branch by me either or Pen Fed which has great rates.
- Joined
- Dec 3, 2023
- Threads
- 6
- Messages
- 55
- Reaction score
- 12
- Location
- New Jersey
- Vehicle(s)
- 24 Maverick XL
- Engine
- 2.5L Hybrid
Since I am unable to join NFCU (i.e., not a veteran of the Navy, have no immediate family in the Navy), I researched PenFed, Chase, and a few others. Dealer beat the PenFed rate. I informed him ahead of time I was shopping around.
Sponsored
- First Name
- Chris
- Joined
- Sep 17, 2022
- Threads
- 2
- Messages
- 69
- Reaction score
- 87
- Location
- Topsham, ME
- Vehicle(s)
- 2023 Maverick XL., 2015 Rav4. 2012 Suzuki Equator
- Engine
- 2.0L EcoBoost
I joined Navy Fed and was approved for the loan. Showed to my local CU and they matched it (4.625 for 60 months 9/23).. Dealer couldn't touch the rate and gave me no trouble with outside financing,
I financed through the dealer and within 30 days refinanced through my credit union. They had a better promotion for refinancing existing loans than a new auto loan oddly enough. Went from 6.75% to 3.25%.
Tell the dealer only after you have worked the numbers and are sitting with f&I in my opinion. This is coming from a former salesman, unless you're somehow personally close with your dealer. And if you plan to refinance within 60-90 days and leave with dealership financing for the time being DONT say anything. They'll beg and plead with you so they don't get a charge back. Unless the dealership is physically paying your bills you don't owe them anything nor them you. "It's just business" and they'd just as happily turn around and screw you over too. As a matter of fact that's their plan when you come back in for service
- First Name
- Will
- Joined
- Oct 11, 2021
- Threads
- 18
- Messages
- 2,113
- Reaction score
- 2,278
- Location
- S.Carolina
- Vehicle(s)
- Maverick, Miata
- Engine
- 2.5L Hybrid
ANY military service qualifies for Navy Fed.
- Thread starter
- #14
My dad was in Navy. So I meet requirements. I have looked at Navy Fed. One of the lowest rates.
- First Name
- Jamie
- Joined
- Jan 17, 2024
- Threads
- 0
- Messages
- 19
- Reaction score
- 8
- Location
- California
- Vehicle(s)
- Maverick
- Engine
- 2.5L Hybrid
Ask the dealer and they can let you know ahead of time if they’ve worked with that lender before which makes it so fast and easy. I put my down payment directly to the dealer on a credit card (to get points) they let you charge up to $5000 at my dealership- drove away with my truck and let my bank handle the rest. I’ve gone to other dealers that do not let you do this- but that might be unusual because every dealer I’ve told that to scoffs. Anyways- when that happened I just refinanced at my own bank once my plates came in.
Sponsored
