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10-15-2012, 05:59 PM
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#1 |
 Drives: 2013 2SS Join Date: Sep 2012
Location: Minneapolis
Posts: 279
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Penfed loans, users, I have questions
At penfed's new car loan rates it appears on the surface to be a no brainer but I have a couple of questions for those who have used there service.
I could not find this information on the web site so instead I ask you fine folks. Is there any penalty for early payoff? I could not find this addressed anywhere on the site. Second I assume they are listed as lien holder on the title. How are they to deal with once you have paid off your loan? Lastly just in general how is penfed's service? Thanks in advance for your help and input. |
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10-15-2012, 06:23 PM
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#2 |
 
Drives: Chevrolet Malibu Join Date: Oct 2008
Location: MA
Posts: 121
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I dont think there are any early payoff penalties. I am paying more than is due and no issues.
I have not paid off yet, but they have excellent service so i bet they will get the title to you quickly once paid off |
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10-15-2012, 06:28 PM
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#3 |
 
Drives: 2015 ZL1 Join Date: May 2012
Location: Gastonia, N.C
Posts: 393
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I have paid off a few with penfed.No early penalties,and you get your title in no time.They are great to deal with.
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2013 Camaro ZL1,Victory Red # 441....SOLD
2013 Camaro ZL1, Summit White # 3071...SOLD 2015 Camaro ZL1, Summit White # 1325 Rotofab Cai,PCM cc,Kooks Headers,Cats delete,MF X pipe, ZLWin cam,upper/lower, Lingenfelter hx,715 rwhp,646 rwtq, BMR 1.25 Springs, Varro VD01 Wheels, |
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10-15-2012, 07:00 PM
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#4 |
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Drives: 2013 2SS Join Date: Sep 2012
Location: Minneapolis
Posts: 279
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Super thanks, I am always a bit skeptical when you have a under market type lender and the service. I have an excellent credit union right here in my backyard but they are at 4 percent and that is just too high of a premium to pay. I asked if they would match penfed's ate but no go.
Last edited by Minge; 10-15-2012 at 07:12 PM. |
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