want 3.99% financing? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

diddiyo · 03-31-2009, 02:05 PM

I read this on another forum, maybe it will work for somebody on here as well:

Quote:

I was told even with my great credit (790+ FICO score), I am only going to get 6.99% APR. To me that was absolutely unacceptable! I have worked hard to keep my credit score where it is today and I deserve a better rate. So, I went to my nearest credit union and they told me I will get 5.74% APR from their financial institution. I was okay with it but not totally happy. So, I start researching how I can get a better rate. Then I found out about the Pentagon Federal Credit Union. They are offering 3.99% APR on all new car purchase!!! I was sold! But there was a problem. I am not in the Army, Coast Guard or Air Force. How can I get such rate? Well, answer is simple. You can pay $20 and become member of NMFA (National Military Family Association - Option 7) and you’ll get the loan with desired APR. I was surprised to see the knowledge of these customer service reps. I had a very good experience with them. Once you’re member, you’ll have to fill out a loan application ONLINE and you’ll instantly know if you’re approved or no for the 3.99% APR. Then they will FEDEX you check the next day or you can go pick it up at your nearest branch. I opted for the next day FEDEX.

Iwantone2 · 03-31-2009, 02:12 PM

3.99% on a new Camaro?! so far that is the best deal...unless 0% pops up somewhere...Thanks for the info

Embalmer · 03-31-2009, 03:20 PM

Yea, they required my last years W2's and last 2 pay stubs at Pentagon FCU...

Probably because I recently changed jobs.

They also wanted the vehicle VIN number.... So I'm surprised to hear from people that they are just sending checks after they are pre-approved.....

Yea, I was pre-approved in minutes but they required a lot more crap before they are sending any checks out...

Ant · 03-31-2009, 03:38 PM

Can you sign up on the website?

1_2Many · 03-31-2009, 04:27 PM

Man this is old news. I have a 719 credit score (not the best I know, but should be even better in a month) and got denied by Penfed for a loan. The problem was I have two auto loans on my credit score right now...I explained that one of the loans would come off when I traded the car in for the new one and the other loan is my wife's car who I am currently divorcing and she pays for.

They said I have to show proof of these things. I can show proof of the divorce, but how I do show proof that I'm trading my current car in?

So in the mean time I've put the other car in my ex-wife's name and hoping it comes off my record soon. When it does I will re-apply and hope they believe me about my trade!

camaro5 · 03-31-2009, 04:30 PM

I checked these guys out before, but gave up because I wasn't in the military.

Good info!

Quote:

You can pay $20 and become member of NMFA (National Military Family Association - Option 7) and you’ll get the loan with desired APR.

1_2Many · 03-31-2009, 04:45 PM

BTW you can also join if anyone in your family is military or ex-military.

I got in, but I'm not sure if it was because my grandpa is ex Air Force or perhaps my company was on their list of government contractors. I just gave all the info I could and they accepted me.

Ant · 03-31-2009, 04:47 PM

Quote:

Originally Posted by 1_2Many

BTW you can also join if anyone in your family is military or ex-military.

I got in, but I'm not sure if it was because my grandpa is ex Air Force or perhaps my company was on their list of government contractors. I just gave all the info I could and they accepted me.

Which option is it if you have a family member who was in the military?

trudawg660 · 03-31-2009, 05:06 PM

you dont have to be in the military to open a account with them, give me a minute and i will try to find the link.

trudawg660 · 03-31-2009, 05:08 PM

i found it

https://www.penfed.org/membershipApp.../2008/nmfa.asp

Supermans · 03-31-2009, 05:23 PM

I already have Penfed and yes it is the best out there...

Banshee · 03-31-2009, 09:11 PM

Can you join Pentagon Federal if you WERE in the Air Force and honorably discharged, but do not belong to any other eligible entity listed?

Ant · 03-31-2009, 09:16 PM

Quote:

Originally Posted by Banshee

Can you join Pentagon Federal if you WERE in the Air Force and honorably discharged, but do not belong to any other eligible entity listed?

I believe so.

Speed74SS · 04-01-2009, 12:00 AM

I just joined today - thanks for the heads up!!

03-31-2009, 02:12 PM	#2
Iwantone2 Voice Of The Voiceless Drives: CGM 1SS RS Join Date: Feb 2009 Location: OC Cali Posts: 9,617 View My Garage	3.99% on a new Camaro?! so far that is the best deal...unless 0% pops up somewhere...Thanks for the info __________________

03-31-2009, 04:27 PM	#5
1_2Many Drives: 2008 Suzuki SX4 Join Date: Oct 2008 Location: SoCal Posts: 785 View My Garage	Man this is old news. I have a 719 credit score (not the best I know, but should be even better in a month) and got denied by Penfed for a loan. The problem was I have two auto loans on my credit score right now...I explained that one of the loans would come off when I traded the car in for the new one and the other loan is my wife's car who I am currently divorcing and she pays for. They said I have to show proof of these things. I can show proof of the divorce, but how I do show proof that I'm trading my current car in? So in the mean time I've put the other car in my ex-wife's name and hoping it comes off my record soon. When it does I will re-apply and hope they believe me about my trade! __________________ We are the early orderers...we are GM's voluntary guinea pigs and their free source of feedback. How will we be thanked?

03-31-2009, 04:45 PM	#7
1_2Many Drives: 2008 Suzuki SX4 Join Date: Oct 2008 Location: SoCal Posts: 785 View My Garage	BTW you can also join if anyone in your family is military or ex-military. I got in, but I'm not sure if it was because my grandpa is ex Air Force or perhaps my company was on their list of government contractors. I just gave all the info I could and they accepted me. __________________ We are the early orderers...we are GM's voluntary guinea pigs and their free source of feedback. How will we be thanked?

03-31-2009, 05:23 PM	#11
Supermans Camaro & Stang Enthusiast Drives: 2011 Mustang 5.0 in Kona Blue Join Date: Mar 2008 Location: Miami Posts: 4,752 View My Garage	I already have Penfed and yes it is the best out there... __________________ Bought my Camaro from Eric Hall(817) 421-7266

03-31-2009, 09:11 PM	#12
Banshee Institutionally Insane Drives: 2013 IOM 2SS/RS 1LE Join Date: Feb 2009 Location: Detroit MI Posts: 2,115 View My Garage	Can you join Pentagon Federal if you WERE in the Air Force and honorably discharged, but do not belong to any other eligible entity listed? __________________ It's got a cop motor, a 440 cubic inch plant, it's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas. What do you say, is it the new Bluesmobile or what?

03-31-2009, 03:20 PM	#3
Embalmer 2G1FT1EWXA9103351 Drives: 2SS RS, SIM, 6pd, 20"Alum Join Date: Oct 2008 Location: Canton, Michigan Posts: 607 View My Garage	Yea, they required my last years W2's and last 2 pay stubs at Pentagon FCU... Probably because I recently changed jobs. They also wanted the vehicle VIN number.... So I'm surprised to hear from people that they are just sending checks after they are pre-approved..... Yea, I was pre-approved in minutes but they required a lot more crap before they are sending any checks out...

03-31-2009, 03:38 PM	#4
Ant Drives: 2017 Camaro 1LT/RS (V6) Join Date: Dec 2008 Location: Long Island, NY Posts: 911	Can you sign up on the website?

03-31-2009, 05:06 PM	#9
trudawg660 Drives: 2006 Dodge Charger / 2SS IOM Join Date: Dec 2008 Location: United Kingdom Posts: 1,640	you dont have to be in the military to open a account with them, give me a minute and i will try to find the link.

03-31-2009, 05:08 PM	#10
trudawg660 Drives: 2006 Dodge Charger / 2SS IOM Join Date: Dec 2008 Location: United Kingdom Posts: 1,640	i found it https://www.penfed.org/membershipApp.../2008/nmfa.asp

04-01-2009, 12:00 AM	#14
Speed74SS Drives: 2010 LPE 650+ CTS-V Join Date: Oct 2008 Location: Sioux Falls, SD Posts: 1,640	I just joined today - thanks for the heads up!!

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