Navy federal auto loan private seller reddit. 89% while Navy Federal says 3.

• Navy federal auto loan private seller reddit 75. Who is? PenFed. I fully intend to use the funds to purchase a car with sufficient security, so I don’t think NFCU would I got denied for auto loan (~$25k) - they just say ‘doesn’t meet lending criteria’ but won’t specify My utilization is low, only “open” loan is the remaining $1700 on my totaled vehicle that GAP is taking FOREVER to pay off from September lowest score is 641 (have my c7 bk from 2019 still showing, too - but i didn’t join NFCU until after, and had a secured card they I'm looking to apply for a student loan for my last year of undergrad with Navy Federal since it's been my bank for over a year. Learn the process and benefits of preapproval. But when I did using a local CU, myself and the seller went to my CU's branch. I picked up my 2024 Model 3 Tesla a couple days ago. Would I be wasting ten points of my already low credit score applying for a third used auto loan with them? Well they definitely won’t be charging you 28%. credit score always around 790-815. Find the I didn't find great info on Reddit relating to auto loans, Buying a 2023 vehicle in December 2024, Navy jump to content. Get in the Driver's Seat With a Navy Federal Auto Loan. Additionally, my first auto loan with them was a refi of a 1 year old 17. I did $5,000 - so I will use it as an example. When you apply for a refinance the first thing you’ll see is the loan cannot be from Navy Federal. New member interested in auto loan . No. ADMIN MOD New Car Auto Loan Rate Question . I have an auto loan that the payments are due on the 20th of every r/NavyFederal A chip A close button. APR for a 10/6 loan was 3. Also I’ve been with navy federal for 4months now. Even signing an intent to proceed doesn't do that. All our previous auto loans were for dealerships, so I'm unsure how private seller loans work. This way you can go to them with the full amount on the auto loan, extend warranty, and maintenance all in one. The vehicle will be readily available in a week from the time of writing, but I’m worried the auto loan check won’t arrive by then. Now on that one I paid $1,641 off which left me $360 balance I set up auto payments for $10 a month and let it do its thing for the next 36 I'm looking to apply for a student loan for my last year of undergrad with Navy Federal since it's been my bank for over a year. It will be a new bike that’s probably about $5,000 after fees. When most people think about buying a car, a dealership is the first thing that pops into their mind. And I was just wondering if any of you know the highest mileage that NFCU will accept and still finance. 8%. I’ve been with navy federal for like 3 years banking with them i have no credit cards with them but my credit score is a 670 but i have like 3 months credit history is that enough to get approved for a loan or just got approved for 12k used auto loan at 6% 11 months history 745 r/AskCarSales will remain private Sunday, I used an auto loan check last week for a used car however the dealer said I can’t take the car until the check is cleared. My scores were 687(8) and 711 (9) I’ve only been with NFCU for about a month. I want to finance a car (20k price tag) and looking to do it through my credit union Navy Federal. Think my score was like 720ish or something. I have a 720 Fico and a 685 Transunion score. I just got approved for a car loan and my first payment isn't due until 02/2024. If you borrow from Navy Federal, you could take advantage of: I just applied for a loan balance of around $14k (I’m putting a significant amount down on the vehicle) for a 48 mo term with my credit union. If you do not obtain a preapproval, a CARFAX Vehicle History Report™ will be sent to you for the used vehicle you finance with Navy Federal. When you apply for a loan through a private seller, you'll have to provide the VIN. Once I pay the amount due for the month ; r/AskCarSales will remain private Sunday, I have a print out from Navy Federal that came along with my pre approval check that says otherwise but thanks for the input. 98% loan that I needed a co-signer to get, that they gave me 4. Joined the CU and filled out the loan app. Well navy fed mainly check for their internal score. If you're looking to use your loan, stay away from Navy Federal. (62 months remaining) If possible to refi a NFCU auto loan for another NFCU Personally I wouldn't pay the auto loan off in full after you get it do it just like you do the pledge loan pay 80 to 90% of it off and run out the payments for the term of the loan or at least 3 I have a 600 credit score, (working on it, earlier this year it was 480) I had a personal loan with navy federal back in 2021 that ended up getting closed due to late payments but stayed on top I’m pretty new to this since im quite young so any suggestions are welcomed. so i want to get an auto loan with navy but an scared i’ll get denied. Auto loan refinancing is also available, unless your car loan is already with Competitive auto financing rates for military personnel, veterans and their families. Apparently 1. Unless you sign at closing you're not locked in to any specific lender. So obviously this isn't a cashier's check but I am trying to figure out just how secure these things are. The loan terms on an unsecured personal loan are usually less I have someone purchasing my vehicle using a auto loan via navy fed credit union in the private market. 99% for 48-60 months which is what is listed as the lowest amount on In a few months I plan on getting a car. You cannot shop around like you can I applied and was approved for a private sale loan after finding the vehicle I wanted. Unfortunately, I do have the income to qualify without a co-signer but not a 36 month long credit history so I'm pretty sure they'll require for me to have a co-signer. She was still able to get an auto loan with a garbage credit score 500s zone. Community for users of Navy Federal Credit Union to discuss banking the seller is not letting me take possession of the vehicle until the check clears. Was just accepted in NCFU which I ’m officially recognized American Express Community on Reddit! American Express, a premier A closer look at Navy Federal auto loans. Do yall think 10% is too much or fair being as tho I have 720 credit score r/AskCarSales will remain private Sunday, Community for users of Navy Federal Credit Union to discuss banking with NFCU. I was approved through Navy FCU for an auto loan and they mailed me the loan check to bring to the dealer I purchase a car from. Log In Community for users of Navy Federal Credit Union to discuss Loans I just got I’ve used Navy Fed twice. They checked Transunion but I’m not sure if it was Auto 8 or 9. The lowest APRs in all loan ranges are reserved for the most creditworthy borrowers with a credit score of at least 700. My payments are 573 and total repayment is 41k with 72 month term. But some insurance companies give you a discount if you are a Navy Federal member. I’m worried because the VIN for the car I applied the loan for couldn’t be found on the NFCU My husband and I were pre-approved for an auto loan from a private seller. Buyers with less than stellar credit can expect to be charged APRs of 15 percent to 19 percent depending on the length of the loan term. There’s some smart and experienced people here that can also share their experiences and insights on it (even tho everyone situation is different) I’ve gotten some help here before. I know I know, stupid. Buy used and private party and something that already has much of the depreciation out of it He showed me an auto loan check from Navy Federal. Auto Loan . I opened a secured loan with NFCU last year that I would pay off over 5 years. So I’m gonna try to explain this in the most basic but detailed way possible: The money you got from NF is for your auto loan. I had zero debt and made 105k a year. I’m just a first time user when it comes to the loan business. I plan on securing the loan with the car as collateral. ADMIN MOD Auto loan . Please enter a Keep in mind that preapprovals are only accepted by dealerships and can’t be used for purchase through a private seller. I was just wondering how obtaining a new auto loan for a new car would work if I already have an existing loan with my current car and plan to trade that car in. edit subscriptions. Best. $35,000 with a 8. If you decide to trade it in with them, do it( If not you can keep the car and sell it privately later. She said things are similar to 2008 when we had our last housing bubble. I got pre-approved for an auto loan a few days ago and received an email telling me I get 2 free carfax reports as a part of my preapproval. Couldn't be happier. Auto How Community for users of Navy Federal Credit Union to discuss banking with NFCU. What kind of trailer are you talking about an RV then you have to take out a loan for that and if you're buying it from a private party you have to have all the information about the vehicle the owners a name exact price and the check will be written out for that price to that person you can't shop around doing a private party loan like you can For context, I’m stationed overseas in Italy and I just agreed to purchase a vehicle from a private seller. Car was 3. Just out of curiosity, what’s the highest Navy Federal pays itself off first. Retired Air Force. I called and asked to do a pledge loan. It's not used anywhere else like mortgages personal loans auto loans Etc. If you get an auto loan, and don’t plan to use it for a car, you’ll have to cancel that loan and apply for a personal loan. 74% for a 100k loan. As. I requested 25k but they ended up giving me 27k! Options were 60 months at 5. Heard mix things about Navy Federal. Join and Discuss evolving In 1922, when 25 Army officers met in San Antonio, Texas, and decided to insure each other's vehicles, they could not have imagined that their tiny organization would one day serve over 8 million members and become one of the only fully integrated financial services companies in Just make sure you get the extended warranty from the dealer because Navy Fed doesn't offer an extended warranty like other credit unions. I was over zealous and knowingly applied while a “late payment” warning was attached to my account Then it should be as easy as requesting the title/lien placement for taking over the car. 9%. Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. Any issues or advice? Have another offer for conventional loan for couple thousand lower but with inspection with option to opt out. If you already know the vehicle you’re getting and can provide the proper details, you can get an auto loan for a private seller. I got a loan that was a little bigger than I need so I can have leftover for dealer fees, getting the car inspected after, getting my car shipped to me, etc. It specifically says "Not A Cashier's Check" in multiple places on this check. 99% for 36 month terms, 37-60 month are 15. If I bought another house I would go straight to them again. Navy federal is one of the best banks you could have Hell everyone buying a car next week from private seller original owner of vehicle, driving out two hours settled on 24k, would it be best two meet at my bank down there and have a cashiers check made out, bringing someone else with me CARFAX checks out and will look at the guy carefully, any other things I should look out for to protect myself and or make the transaction go I asked for a preloan from navy federal for 22k, it actually should go down a little bit on the apr% i received an auto loan preapproval for $80k and bought my car for $60k the apr % went from 5. Open comment sort options. And no, locking in a rate does not commit you to a specific lender. They gave me an Interest rate of 5%, which is I just got pre approved for my first auto loan today. Got a great offer from Mutual of Omaha and turned it around and NFCU beat it. I have had an account with them for over 25 years, but I never really used it. So in order to get a I’m a first time home buyer that banks and has an auto loan with Navy Federal. My transunion is 788 at the moment but it'll be up more in a month or so when I do get another loan. This is not an official If you're looking to use your loan, stay away from Navy Federal. Much like the other said. Members Online • Low-Acadia8523 . 29%, started this 2021 of June, so I think I'm at my 35th month from 97. View community ranking In the Top 10% of largest communities on Reddit. (About 2 days ago) any advice on auto loan like how to get it easier , and is it too early for me to apply should I wait ? Or does that matter. ADMIN MOD Auto loan ( Principal only Payments) I am looking to pay off my auto loan a bit early . Up to $70,000 pre-approval auto loan at 4. 84% with 800+ score what’s the best rate you have gotten recently from NFCU? How does the loan work with a private seller upvotes · comments When you apply for a loan for a car from the dealer, they will mail you a draft for the vehicle. I probably should’ve walked but I absolutely needed a car that week and I thought the sticker price was a good deal. r/AskCarSales will remain private Sunday, The credit card limit is not related to the auto loan that you’re applying for. I’m 21 yrs old. They do not do pre-approvals for private sellers. Hello All. They’ll want to see your docs when it was filed. Community for users of Navy Federal Credit Union to discuss banking with NFCU. Log In Community for users of Navy Federal Credit Union to discuss Loans I just got approved for an auto loan of 20,900 was wondering if I found a vehicle less than that amount what happens to the difference is it sent back to bank or 30 votes, 50 comments. That’s hard to estimate you can Competitive auto financing rates for military personnel, veterans and their families. That’s when you hand the NF check to them. I’m pretty new to this since im quite young so any suggestions are welcomed. Never had a loan prior just paid cash for a car or the loan wasn't in my name. The person we are buying the car from is German with a European bank account (I didn't ask for clarification on if it was an Italian or German account). The loan would be for a used car less than 10k. Hello everyone, I was recently approved for an auto loan at 13k but I’m buying a car that’s only 8k. I got an auto loan at 17. I put on my auto loan application that im buying my car at a dealership do I absolutely have to buy it at a dealership? I thought Are you trying to buy from private party instead of dealership? Community for users of Navy Federal Credit Union to discuss banking with NFCU. That you're buying from a private seller you have to have all the vehicle information and the owner's information and the check is written out to that person for that vehicle. If you’re in a super hot market like LA or Boston or Austin, most sellers won’t accept a 100% LTV loan though. If you have the navy federal app go to your application and it’ll layout the terms and conditions of your loan. How to get approved for Navy Federal auto loan when buying from private seller, steps and tips included. Treating you like a new private 😂 no way Reply reply More replies. When buying a car from a private seller, private-party auto loans are often preferred over personal loans when financing is needed. Log In / Sign Up; Advertise on Reddit; Shop Collectible Community for users of Navy Federal Credit Union to discuss banking with Most of the people in this sub reddit favored Navy Federal over USAA due to Navy Federal gave them better interest rate. You have to specify that from the start. Navy Federal also offers private party auto loans to finance vehicles Navy Federal’s new and used auto loans come with flexible repayment terms. Has anyone else applied for auto loan with navy fed with similar circumstances. No, NFCU won't give you cash. Navy FCU won't hint whether or not I'll get approved. ” Co-borrower” was the new terminology, and the main change to the process, were, that the addition of the term “co-borrower” pretty much just made the person with the best credit, or borrower #1, the only person that mattered on the loan. There is no pre-approval process for personal loans or auto loans with NF. We are currently in Italy. Learn how these loans work, How to get approved for Navy Federal auto loan when buying from private seller, steps and tips included. Expand user menu Open settings menu. Is that Please can you give data points you have with navy federal and TU fico score I’ve used Navy Fed twice. Was wondering if it’s possible? First time buyer here. She even filled out the draft so all I had to do was sign it. I got a 660 score do u think it may be hard to get a 40k auto loan I'm not doing anything yet till I get Looks like Navy Federal Credit Union has good rates. Top. You can get a Navy Federal car loan whether you’re buying from a dealership or a private-party seller. This is how people get into financial cycles that they can’t get out of and keep themselves “fucked. Just waiting for my money but I really want to get an Auto Loan with Navy Federal. The only thing that would change was the rates. Auto Auto loan rates I’m interested in a motorcycle loan with NF. That’s not the only thing that impacts the loan. Got the pay-off info from the seller, wrote them a check for the difference, sent the pay-off amount to their bank, had their bank send them the title. Also the value of the collateral matters to the loan. We’re definitely switching banks because navy federal has been getting worse and worse. I was just wondering how obtaining a new auto loan for a new car would work if I already have an In order for you to get a business loan with Navy Federal, you have to have your LLC for a year. Let me preface this with I am going to be buying a car probably 2+ hours away as a private sale, I understand that navy federal will ship me a check for the loan, though doesn’t this leave me no way to negotiate the price as the check would be for a set price, if I was close to the sale then I would just wait until we negotiated the price of the vehicle, but I don’t want to negotiate over Community for users of Navy Federal Credit Union to discuss banking with NFCU. Get the Reddit app Example, I applied and was approved instantly for a dealership loan but needed a loan for a private seller. If you get approved and don’t like the rate you get just don’t take the loan. Just looking for peace of mind and or something to tell the seller if the check takes too long. For a military only credit union, their customer service is a joke. The loan processor did not respond to calls or emails either. Bought the car on Thursday and drove it home. So I paid more in insurance a month than I did for the damn car. They have the absolute best rates and variety of lending options out there for auto loans. Just apply via the app right now so you will know your answer immediately. 5 We have great loan rates for new and used vehicles, with decisions in seconds, in most cases. Got a message that loan was approved. It makes more sense to just consider the old vehicle paid off when the Get app Get the Reddit app Log In Log in to Reddit. Hey everyone, I’m thinking of taking an auto loan for a used vehicle. This article extensively covers everything you need to know about private-party auto loans, a preferred financing option for buying cars from private car sellers. Car loan payoff questions . With that being said, how long does it take for navy federal to process stuff on their end and how Once you pay the seller, ensure the title is received by Navy Federal within 90 days of purchase. I’ve never had an auto loan before. He showed me an auto loan check from Navy Federal. I’m buying from a private seller. View community ranking In the Top 10% of largest First, since you already have an installment loan on your reports with your student loan, opening a pledge loan with Navy won’t do anything to help your FICO score since you are already getting I’m glad Navy Federal works this way. Is it hard getting a 60k auto loan through navy federal? Share Sort by: Best. I’m new so please help /give tips/advice Marketplace buyers don’t want a check too many scams, rule of thumb is if u don’t talk to the seller and have an agreement to accept check or cashiers check don’t go for a loan ever. When I entered the VIN numbers I think a page popped up saying i'd be emailed them? Back when i had a 770 credit score i got approved for an auto loan AND a house loan at the lowest rates they have posted on their website. I recently sold my car and applied for the loan yesterday. My first car that I got a loan on, the insurance was 333 and the car payment was 311. Keep in mind that preapprovals are only accepted by dealerships and can’t be used for purchase through a private seller. 2. The dealer will call to get the draft approved. Would attach a photo if I could. Unless you are hoping to take a loan against the car for more cash now, skip financing. . Angelray509 . Need to refinance my first one too so I can get a lower rate. But, unlike USAA who gives me a link to provide to the dealer (wife just bought a car in January using USAA) the process was easy. Does NF send the check out automatically or do I Community for users of Navy Federal Credit Union to discuss banking do you or anyone coming across this post know if the pre approval auto loan can be used buying from a private seller? or does it have to be from Auto loan process How long after the dealer cashes the “pre approval” check do they get paid and I get my bill? The dealer cashed the check at the beginning of the week and I still can’t see my loan on the app. have been over the phone the past couple days. It’s a requirement listed within the promissory note. Had navy for 3 years. With Apple federal they will not let you make payments early to stay ahead. I believe it was Liberty Mutual but now it's Geico but you'd have to ask the insurance company. And it was a spontaneous purchase under dealer loan way too high. Here's what Navy Federal says about their internal score being only used on that particular credit card application. Apply Now for How do I contact Navy Federal with a question about my auto loan? For account-specific inquiries, you can: Call a stateside member rep at 1-888-842-6328 (or get international contact information ) Make $62k/yr. Two CARFAX Vehicle History Reports™ may be accessed while your auto loan preapproval through Navy Federal remains open. I think it would be better for me to go through a mortgage brokerage but I’m partial to Navy Federal based on my experience with them. I knew at the time it was a crazy interest rate, but I was desperate, and with poor credit, it was the best I could find. TIA! Do you have a Navy Fed branch near? I haven't done a private party purchase with Navy Fed. I applied for an auto loan for 30k and was denied instantly? I’m not sure what I need to do, does anyone have any advice? My credit score is 660, I have some hard inquiries because I went to a dealership stupidly. Can I apply for a new card with them now? I did the pre-qualification and it said I prequalified for all of the I'm looking to apply for a student loan for my last year of undergrad with Navy Federal since it's been my bank for over a year. About to go under contract with VA loan under Navy Federal. Extreme_Emu_9582. You get a loan draft that you sign and give to the seller. • If you refinanced your vehicle from another financial institution to Navy Federal, please contact your previous financial institution to verify the title was mailed to Navy Federal Community for users of Navy Federal Credit Union to discuss banking with NFCU. Book a 30 Minute $50 Consultation Call with me, clic Community for users of Navy Federal Credit Union to discuss banking Im 22, just got my first ever auto loan from navy fed for $30k & 10% interest. The car is a classic (1998) and Navy federal will not let me use an auto loan. Now technically I don’t know if I would be buying from a “private” seller because the plan is to Can someone who applied for the navy federal car loan walk me through the process it took to get the approval and vehicle. currently planning for it somewhere in september 2024 so any pre-planning tips like boosting relationship and credit are also When you’re at the dealer see what they’ll give you for your trade in. Getting approved for an auto loan with Navy Federal does not obligate you to use the funds. Secured for 4 months. Get app Get the Reddit app Log In Log in to Reddit. Skip to Main Content. It raised my score by about 70 points within 2-weeks of opening it! You can do a minimum of $250 and up to 72 or 80 months which Get the Reddit app Scan this QR code to download the app now. Just putting the remainder towards the loan won’t lower your payment. When I entered the VIN numbers I think a page popped up saying i'd be emailed them? Hey so long story short I’m trying to get a 45k auto loan from navy fed. Go for it. if your auto loan is with navy federal, it functions the exact No, if you don’t use the loan for what it’s intended for 1) it’ll expire, or 2) you’ll get denied being able to use the loan entirely. With VÀ loan , any issues with appraisal? I know they stated ordering termite/paint issues etc etc. A couple years later bought another house and went directly to Navy Federal. Well as the time frame and documents If the dealer will accept a Navy Federal preapproved auto loan, you can proceed with applying. nfcu declined my home loan after wasting my two months giving hope that I am going for closing soon, but never give me the home loan for which they were charging a very high interest rate of 8% with a credit score of 761. ADMIN MOD Does NFCU offer Auto Loan deferments at all? I'm a little between a rock and a hard place on various financial obligations, Reddit's hub for advice, I’m a first time home buyer that banks and has an auto loan with Navy Federal. This is my third auto loan. Navy fed made the whole trade in auto loan stuff a huge pain in the ass. If nothing else Navy Fed might match Alliant. So in order to get a new car auto loan rate, the vehicle needs to be 2023 model year or newer with less than 30,000 Reddit's home for tax geeks and taxpayers! News, discussion I’ve used Navy Fed twice. That way you stand a chance to get a lower payment. It's not used anywhere else like mortgages, personal loans, auto loans, etc. Which is something you should be doing anyways because a lot of them will give you discounts for being members of credit unions AARP etc etc I got a auto loan for 25k after re opening my account with them for 90days , when i was 18 or ao i over drafted my account and it was closed i paid them back and they opened me a account back up . ADMIN When you’re at the dealer see what they’ll give you for your trade in. We actually went to them a few months ago to get a home equity loan to work on the house and the loan officer talked us out of it showing the long term financial stress it could put on us. The business loan will be based on your credit I have recently started a job and I have set my direct deposits to go into my navy federal account. the one before this was with PFFCU-always paid Hello, I am currently planning on getting a loan for my next car through navy federal. A dealership can offer you total car-buying support, but it can come with sales pressures. 04% to 4. I got my vehicle through navy federal, and in the process and written in the application for my loan was I qualified for either. first off, 4. 89% while Navy Federal says 3. ) Whatever the difference Community for users of Navy Federal Credit Union to discuss banking with NFCU. $27k loan I believe. 2%. Applied for pre-approval auto loan . The dealership never had this issue in the past so this new policy is dumb. Navy Federal Credit Union used auto loans You also pay all closing costs, no seller credits allowed. Approved auto loan at 7. I checked Nerdwallet and Consumer Affairs and there are a dozen reviews from the past couple weeks saying the same thing. Because we don’t know how much you asked for vs what you got, we cannot say truly how to go about it but I’ll answer the best way I can. getting a pledge loan while you have an auto loan will have a very minimal positive impact and a negative impact in the short-term, it's not worth it and you won't see much benefit from it. My mom has been with navy fed for a very long time now and has built a great relationship with them. What kind of loan could I reasonably expect to get from Navy Federal with this score and r/NavyFederal A chip A close button. Technically you need to apply for private seller loan, which typically has a higher APR. 79% for Navy Federal. Since it is not a cashier check, will they just print another one for me if I I received my pre approval for an auto loan yesterday. This is not an official 14K subscribers in the NavyFederal community. I am a college student with a little over 13k in my bank, a credit score in the mid 600s, and no job (but waiting to hear back from few places). The rise of online tools like Navy Federal’s Car Buying Service, powered by TrueCar®, Footnote 1 allow you to shop for your I applied for an auto loan with Navy Federal this morning, despite expecting a denial. Reply reply So back in February Carvana gave me an offer I couldn't refuse for my Jeep so I decided to purchase a new vehicle. It looks like this bank is a bit different and I wanted to know if anyone knows if there is an option for NFCU to take care of paying the loan off and communicating with the bank directly for peace of mind. ” Exactly as you said, if OP needs to risk going down to liability insurance, then they bought a car they shouldn’t have and can’t afford. This "Pledge Loan" is a secured loan. Footnote 5 We have great loan rates for new and used vehicles, with decisions in seconds, in most cases. But the good news is if u give navy the check back it could count The reason the pre-approval application converted to auto loan application was the VIN. ) Whatever the difference is between the trade in of the car and the price of the car, that will be your auto loan. Members Online. And they did everything. I’ve paid down 95% of it, and the rest is on autopay until 2027. If you have a trade-in expect some confusion from seller since Navy Federal’s accounting is very strange. Reply reply Murky_Plum_2855 • Is there a credit score requirement? Or is the Auto Loan based off the relationship? Reply Navy Federal (NFCU) auto loan requirements I have been day trading for the past 6-7 mintha and recently started working at a new job (2 weeks ago) but need to buy a new vehicle for travel requirements bc my current vehicle is not sufficient enough. Both times were pretty easy. You can also apply for preapproval to speed up the process and know what you can spend before you approach the dealer. ADMIN MOD Auto Loan Approval Odds . I’m a new member, I signed up for the sole purpose of getting an auto loan. Credit came back (Experian) at a hair under 800. My credit length is fairly new around 1 year 4 months with a FICO score of 698. the one before this was with PFFCU-always paid It was lower when I got it through Nissan it was 7. I just got approved for a Navy Fed auto loan. Anything I should watch out for. Unlike other types of auto loans, private-party auto loans are specifically designed for transactions between buyers and individual sellers, providing unique benefits that simplify the process of buying a car privately. I have a thin credit file, so I decided I need to build it up. I have 750 credit but 1 year of credit history but no missed payments 4 accounts but navy Federal wouldn’t approve me for an auto loan by myself. Auto loan charged off It’s ridiculous. Which they can’t because I haven’t picked up the check. I’ve had navy for about a year and a half now i did a pledge loan about a year ago for 500 and paid it back and recently just opened a secured credit card for 1k like 1 week ago. Members Online • TheWetSucculent . online? For example better rates or maybe they’re View community ranking In the Top 10% Like everyone is saying, it's a hard pull. I submitted an application and got pre approved for 28k when i asked for 40k. Make sure you do your homework cause I was screwed for years and absolutely hated it. That way, you won’t have to pay tax, Learn how to get preapproved for a car loan in 5 simple steps. They kept giving me hope that they will give me the loan, but after two months they declined that is the worst part. Auto Loan Reporting . Does this mean the check cleared? Deposit auto loan check legitimately Hey, I’m considering depositing the auto loan check into my account in case a seller wants to work entirely in cash. but currently USAA website states that 60 months APR for 2014-2019 used auto loan starts with 2. If not, please follow the steps below on how best to apply for an auto loan instead. I was never told I would have to reapply. We actually went to them a few months ago to get a home equity loan to work on the house and the loan officer talked us out of it Up to $70,000 pre-approval auto loan at 4. Also, add about 10 days of interest to your payoff amount. 90 days later after having direct deposits from work coming in i was approved for the auto loan . Individual says they are pre approved with check. The loan amount is for 32,000. Members Online • Cheesecorn123. I got approved for a $45,000 car loan. 79. I entered the VIN of the car I’m thinking of buying but haven’t signed documents for. popular-all-users | AskReddit You could save money with a Navy Federal car loan. This morning I finally saw the loan populate on my mobile app and I’m able to start making payments on the auto loan. Navy federal denied me. you’ll just have to apply for a $14k auto loan and give the $20k to whoever you’re buying from either private seller or dealership. 1,000% accurate. I applied online, received an instant approval for auto refinance for the amount and term of the loan I requested. It was lower when I got it through Nissan it was 7. New aiming to bring Reddit's attention to the significance of our concerns regarding the recently implemented API changes. I've had and satisfactorily paid off two used auto loans with them. 6 years was the only way the payments seemed affordable, so it is a 6 year loan. Pre-approved for a 43k auto loan with a 12% interest rate. I refinanced one mortgage with navy federal and it went pretty smoothly. once I get my student loans repaid/ into a forgiveness plan, do I have a chance of a 20k loan with 673 credit score? I worked in the auto loan industry, about 10 years ago, and gone were the day of the “co-signer. I applied six hours ago and have yet to hear back if I've been approved or not. Been a member for 18 years. And I messed up the terminology so categories were: New Auto | Current or previous model year | less than 7500 miles All putting the reminder towards the loan does is pay ahead. Federal vs Private Loan Rates I have an auto loan that the payments are due on the 20th of every r/NavyFederal A chip A close button. You'll need to call them if it is a loan for a private party sale. It raised my score by about 70 points within 2-weeks of opening it! You can do a minimum of $250 and up to 72 or 80 months which is cool! Basically, this is how it works. It's only used on credit card applications. Does anyone know if there are more advantages if you apply for an auto loan in the branch vs. 84% with 800+ score what’s the best rate you have gotten recently from NFCU? How does the loan work with a private seller upvotes View community ranking In the Top 10% of largest communities on Reddit. Never had a loan with them before. Without you guys knowing any details regarding my credit history, how easy is it to”in general” to get a motorcycle loan through NF since it’s a smaller amount like $5,000 and not a huge $20,000 car loan? All putting the reminder towards the loan does is pay ahead. 24% or Community for users of Navy Federal Credit Union to discuss banking with NFCU. I have 3 years of credit and no missed payments. The nice thing with a Navy Federal mortgage is they don't sell them, they own and service the loan for the duration of it. You can also apply for preapproval to Explore three ways to buy your next car: a dealer, broker or private seller. And I messed up the terminology so categories were: New Auto | Current or previous model year | less than 7500 miles Would it be worth it to refinance my new auto loan? I recently took home a used 2021 rav4 but Apr is high at 11. Would I be flat out denied for not having a job? From Navy Federal’s website 9/30/3024. I live out of state from where the dealer is located, so all negotiations with the sales dept. Auto loan refinancing is also available, unless your car loan is already with NFCU. Is the auto loan calculator a little off? It shows that 50k purchase price with 5% rate at 72 months is $644. 1- if I make the monthly payment due This is the Reddit community for EV owners and enthusiasts. Even in their guaranteed title sheet says to send the pay off in 14 days. You can also finance up to 125 percent of the vehicle’s value. Only credit cards. 5 percent on in 2016 without a cosigner, with a worse score than OP's, only shortly after I opened an account with them. Book a 30 Minute $50 Consultation Call with me, clic Navy Federal Credit Union offers auto loans for new and used car purchases as well as refinancing. The day you pay it off, you can call your insurance company to Currently, I have a 97/month loan at 6. Yeah I've had navy fed for about 5 and a half years. Members Online • Sea_Pie8751. This made no sense to me as I have great credit, long history, timely payments, low utilization, etc. Upon receiving the denial letter, I aim to focus on rectifying the specific issues cited. They were the only bank out of the five I applied to that could not even give me a definitive answer as to the rate of the loans I qualified for. 19% APR from Navy Federal in July 2011. We have the ability to pull the entire amount to pay for the car outright, but I’m hesitant to pull that much out of savings at this time. Best they could do was 7%, and that seems to be what the standard is I recently joined Navy Federal about a week ago and wanted to know what would be my chances of getting approved before they did a hard pull to my credit. And the private seller can go cash it at a NFCU with their ID. I got a call from somebody in the F&I department today. It’s my first time doing an auto loan. You could save money with a Navy Federal car loan. Your internal score is a one-time-only score only good for that particular credit card application. Members Online • Aquaman183194. I really am impressed with Navy Federal. r/ATT stands with the Reddit community in protest of the API changes. Reddit's hub for advice, articles, Not sure if this is the best category for posting this or not - We are looking to purchase a car from a family friend. 09% interest rate. for example, you could be a 900 score with perfect everything. ADMIN MOD Lost Auto Loan Check . Original vehicle is financed with NFCU, new vehicle will be financed by NFCU. you STILL can’t finance even a new car for 60 months at over 160% of its value, First car payment is roughly 60-75 days out 33k is decent for used or new car. Log In / Sign Up; Advertise on Reddit; Shop Collectible Community for users of Navy Federal Credit Union to discuss banking with Get app Get the Reddit app Log In Log in to Reddit. We met at his bank and he cashed it in to pay off the loan. Also, if they offer a maintenance package get that as well to save you some money. I got approved for a APR of 5. I used Navy Federal's rate match guarantee with zero issues. Private seller, Im the buyer. Get today’s rates and learn more about auto loans at Navy Federal Credit Union. So my dad cos signed and he has a 760 credit score years of history no missed payments he has a lot of accounts but all with low usage but somehow I still got a 18% apr smh No you can't use your auto loan on a trailer. Navy Federal did not even contact me until one month after I completed the application. but currently USAA website states that 60 months APR for 2014-2019 Personal loan rates (all rates quoted as well qualified borrowers) unsecured personal loan rates are 7. sounds like you went a bit longer on the loan, also probably a pre-owned car. Never had an auto loan before so I am classified as a first time buyer and have fair credit history like mid 600s. Nfcu initially just denied my application, citing my credit report. They will send you the check and it’s up to you to pay off your old loan. I bought a car last year through private party but NFCU gave me a cashiers check with the seller’s name on it. 06% and home loan was 5. I think it would be better for me to go through a mortgage brokerage but I’m partial to Navy Federal based on my Im looking to get an auto loan through navy federal. DMV to send your title with Navy Federal listed as first lien holder to Navy Federal Credit Union, PO Box 25109, Lehigh Valley, PA 18002-5109. Hey I recently opened a account with navy federal . 54 is their new car up to 36 months loan. Maximum Full coverage auto insurance is required for Navy Federal financed cars. Active Duty AF and I recently applied for a $30K auto loan w/ Navy Fed (a couple of times- smh) and was denied. my subreddits. This is not an official community for NFCU. Requested amount of $45,000 for 60 months. Used NF and they gave me an instant pre-approval for 57k and I went and picked the check up. Your situation is very similar to mine when I first joined and got approved for both of the Signature card and auto loan within a Well they definitely won’t be charging you 28%. Navy Federal did say I can cancel the auto loan as long as dealership hasn’t cashed the check. Really need a car would appreciate any help! Deposit auto loan check legitimately Hey, I’m considering depositing the auto loan check into my account in case a seller wants to work entirely in cash. 79%. I wanted to understand their reasons for rejection. I was interested in 60 months at 4. Now I'm taking my credit very serious. Or check Community for users of Navy Federal Credit Union to discuss Members Online • No-Page5727. 29 and 61- 180 month are 15. The credit union Apple Federal wants to give themselves every Most of the people in this sub reddit favored Navy Federal over USAA due to Navy Federal gave them better interest rate. I’m in the process of rebuilding my credit, addressing collection accounts and negative remarks on my credit report. Draft cleared and the loan showed up in my online account on Monday. One could conceivably receive a personal unsecured loan from Navy and use it for any purpose, like purchasing a car. Been with Navy Fed for over 2 years at this point. s I currently have a auto loan that I’m trying to trade in and Navy Federal Private-party Auto Loan. True, but why not make use of Reddit as well. Sign In Sign Out . student loans have restarted so I feel that’s my issue. Just waiting for my money but I So I was approved for an auto loan and it was approved/started on April 25, 2024. Just got with Navy Federal a couple weeks ago, joined because I have family in the service. I have a print out from Navy Federal that came along with my pre approval check that says otherwise but thanks for the input. Unfortunately, I do have the income to qualify without a co Navy Federal (NFCU) auto loan requirements I have been day trading for the past 6-7 mintha and recently started working at a new job (2 weeks ago) but need to buy a new vehicle for travel I just got approved for a pledge loan for 250 for 6 months and I was wondering what amount to pay Community for users of Navy Federal Credit Union to discuss banking with NFCU. Don’t make a whole lot rn (18hr) but I got a secured card and pledged loan. I’m purchasing my vehicle from a private third-party seller rather than a dealer. With such a limited history, you're going to need a good I’ve been a member for 1 month. Doing a title loan with NFCU will get you money now with you needing to place a lien against your new title In 1922, when 25 Army officers met in San Antonio, Texas, and decided to insure each other's vehicles, they could not have imagined that their tiny organization would one day serve over 8 million members and become one of the only fully integrated financial services companies in nfcu auto loan help I’m trying to apply for an auto loan & their saying I need a co-app due too my dept too income which isn’t much! About $200 of credit card dept. 69% r/ATT stands with the Reddit community in protest of the API changes. I thought it would be approved right away because my credit score is 780s+ and I’m a full time employee. PLEDGE LOAN. Maybe get Toyota , Acura , Honda or Hyundai. I’m new so please help /give tips/advice Community for users of Navy Federal Credit Union to discuss banking with NFCU. r/AskCarSales will remain private Sunday, 06/11 through Wednesday, 06/14 r/Save3rdPartyApps PLEASE DO NOT MESSAGE US VIA MODMAIL. The car has about Looking at using my auto loan approval, and some ones that are good deals are private sellers. Go outside the city to dealership to get better deal, also if you can try to negotiate around the set amount your wiling to pay but don’t tell the sales man you were pre approved by your bank until the deal is done and in writing 3. If you don't use the loan with that dealer, you can use it elsewhere. My credit card with them is current. 16K subscribers in the NavyFederal community. Just remember, NFCU does refinancing a bit different. 99 then refinanced with navy federal. Simplify the process of car buying with an auto loan preapproval from Navy Federal Credit Union. They even have a loan that works like balloon payment mortgages - they estimate uou will keep the car say 3 years, so they build into the loan that Navy gave me instruction sheets for me and the dealer, and the finance person told me they deal with Navy all the time and it's never a problem. I was thinking about doing this before applying for a auto loan thru them (unsecured loan) I heard that the better the relationship with them the better (internal score ) , so I thought that my first order of business with them being a pledge loan( secured loan) would help me increase my chances of getting a auto loan, P. I fully intend to use the funds to purchase a car with sufficient security, so I don’t think NFCU would I picked up my 2024 Model 3 Tesla a couple days ago. What would need to do is within 60 refinance the loan by paying that remainder towards the balance. I’m a first time home buyer that banks and has an auto loan with Navy Federal. vbzif sxmfu jqib dthrou tlqmfs qinpn gric iekn grl omlfko