PENFED Credit Union Information

[FirstCamaro2010]

I visited their site and they seem to have great rates, for those who have applied for a camaro loan there i was wondering:
1. If you were denied or accepted
2. how much of the percentage of msrp was your loan for
3. what is your general credit score
4. did you get approved for the loan
5. at what percent were you approved

thanks you much in advance

[DustinK]

I'll answer #5 for you: Penfed either accepts you or denies you -- they don't offer different rates for different levels of acceptance. So, assuming you're applying online for the loan if your application is accepted you'll get the 3.99% rate.

[shroomjohn]

I applied yesterday still waiting to hear back credit scores bout 800 w really good debt to income ratio so hopefully Ill get good news soon a couple of percentage pts can make a big difference well to me anyways!

[wullger]

With that high of a credit score, I'd think you could get a loan anywhere you wanted, heh.

[qdz21]

1. accepted
2. 30k
3. 750 score
4. yes
5. like dkikuchi said if accepted you get 3.9% for 0-60 months or less but 4.75% if higher than 60 months, which is what I chose.

[shroomjohn]

With that high of a credit score, I'd think you could get a loan anywhere you wanted, heh.

Well hopefully but I want as low as possible interest and have heard PenFed is starting to crack down lol I think cause of this website lol. I only asked for 30000 4 60 4 a ss/rs auto w stripes plan on taking care of the rest w the down payment.

[JDBeck23]

Im having issues with them and securing a "payment saver loan". My problem is not the approval process, but the timeframe. They've been lousy at communicating what they need from me after I submitted and showed approved on their website.

I called them back 5 days after I submitted my application only to find out that the new camaros werent in their system for payment saver loans and that they couldnt give me loan. My car landed today so im really pissed, I applied over a week ago and was instantly approved, but still no loan paperwork. I have to call them back again this morning to give them one last try to get off their butts and get the loan paperwork out to me... if not, im going to finance with the dealer and they'll lose my business!

[Sixtyniner]

Hi Guys, you can get 3.99% up to 72mos at CPM in S. Carolina, I did! Great people to deal with A++

http://www.cpmfed.com/

FIXED RATE - OPEN END - CONSUMER LOANS
Type Term Annual Percentage Rate
New Autos (New Vehicles Are Either Current or previous year auto with less that 12,000 miles.) Up to 72 months 3.99%

[tjbusa]

I'll have a boatload of finance options once my Camaro gets built

[DDustiNN]

Originally Posted by Sixtyniner

Hi Guys, you can get 3.99% up to 72mos at CPM in S. Carolina, I did! Great people to deal with A++

http://www.cpmfed.com/

FIXED RATE - OPEN END - CONSUMER LOANS
Type Term Annual Percentage Rate
New Autos (New Vehicles Are Either Current or previous year auto with less that 12,000 miles.) Up to 72 months 3.99%

Thanks for this. PenFed denied me, but Chase pre-approved me with no problem. I may try CPM though since it's a cheaper rate

[franknbeans]

1. If you were denied or accepted - Accepted
2. how much of the percentage of msrp was your loan for 30k (Paid 8k in cash)
3. what is your general credit score 750ish
4. did you get approved for the loan - same as question one? Aprroved
5. at what percent were you approved 3.99

[franknbeans]

also check out Capital One Auto Financing. . got a loan for my SRT that way.

[benjaminkeith]

1. If you were denied or accepted = Accepted
2. how much of the percentage of msrp was your loan for = Approved at $40,000
3. what is your general credit score = ~750
4. did you get approved for the loan = Approved instantly. Check arrived in the mail 3 days later.
5. at what percent were you approved = 4.75% (longer than 60 months for lower payments)

[nards444]

my credit is over 750 and i got accepted for 20. Great rates but so far a pain to work with