PeopleFirst Loan
#21
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Originally posted by mbuxton
Well 'my car' is the G35 coupe and actually, it will be closer to, if not in, December rather than November. Unfortunately, we (G35c pre-orderers) don't have an actual pre-order process so we just have to wait and see if our dealer gets a car close to our expectations in their first couple allocations (no pre-ordering for 60 days).
Anyhow, this is off-topic. On topic - you can hold the peoplefirst check for 90 days and then, after contacting them, get a 45 day extension? I'm assuming you get approved for a certain amount and the 'blank check' is sent to you allowing you to specify exactly how much you want the loan to cover? I've obviously never done this before (usually settle for whatever the dealer tells me, doh!).
Matt
Well 'my car' is the G35 coupe and actually, it will be closer to, if not in, December rather than November. Unfortunately, we (G35c pre-orderers) don't have an actual pre-order process so we just have to wait and see if our dealer gets a car close to our expectations in their first couple allocations (no pre-ordering for 60 days).
Anyhow, this is off-topic. On topic - you can hold the peoplefirst check for 90 days and then, after contacting them, get a 45 day extension? I'm assuming you get approved for a certain amount and the 'blank check' is sent to you allowing you to specify exactly how much you want the loan to cover? I've obviously never done this before (usually settle for whatever the dealer tells me, doh!).
Matt
I forget exactly how many days the check is valid, but I do know that you can get an extension with the same rate locked in if your car comes in later than anticipated. I'm pretty sure they said 45 days, but don't hold me to it. I'll have the paperwork next week and I can give more exact details.
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Jeff
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Originally posted by jeffw
Just curious, was eloan.com advertising lower than 5.49 when you applied for a quote? The eloan site currently lists 5.49% for 60 month new car purchases with excellent credit. Wondering how you got lower than that!
BTW, you should try to apply for the PeopleFirst loan and see if they'll beat the eloan rate.
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Jeff
Just curious, was eloan.com advertising lower than 5.49 when you applied for a quote? The eloan site currently lists 5.49% for 60 month new car purchases with excellent credit. Wondering how you got lower than that!
BTW, you should try to apply for the PeopleFirst loan and see if they'll beat the eloan rate.
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Jeff
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how long...
does it take for peoplefirst or eloan or whoever to send the paperwork and check...is it something you should do and be ready when the car comes or could you wait until the car comes and you've talked with the dealer before you apply???
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Re: how long...
Originally posted by jacen2y
does it take for peoplefirst or eloan or whoever to send the paperwork and check...is it something you should do and be ready when the car comes or could you wait until the car comes and you've talked with the dealer before you apply???
does it take for peoplefirst or eloan or whoever to send the paperwork and check...is it something you should do and be ready when the car comes or could you wait until the car comes and you've talked with the dealer before you apply???
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Re: how long...
Originally posted by jacen2y
does it take for peoplefirst or eloan or whoever to send the paperwork and check...is it something you should do and be ready when the car comes or could you wait until the car comes and you've talked with the dealer before you apply???
does it take for peoplefirst or eloan or whoever to send the paperwork and check...is it something you should do and be ready when the car comes or could you wait until the car comes and you've talked with the dealer before you apply???
If you request that it be sent normal mail it takes a claimed 2-5 days. You can pay $15 for next day air.
You need to be prepared to fax in copies of your pay stubs.
It took 5 minutes for them to call me back and tell me if I was approved. It took another 5 minutes to email me back after I faxed my pay stubs to confirm everything is in place to write the check.
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Jeff
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Originally posted by westpak
and the dealer was saying that if they could beat it would I take it and they were already offering 5% so we'll see when I go in what happens.
and the dealer was saying that if they could beat it would I take it and they were already offering 5% so we'll see when I go in what happens.
Matt
#27
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I gotta agree with whoever said it, this is an excellent thread. I figured I'd throw in my secret, which is http://www.drivehome.com/calculator.asp ... it's an auto financing calculator that lets you play with different variables to find what works best for you. For instance, you can see how much your payments will be per month on a 48, 60, 72 month loans (or more), adjust things like interest rates and tax, lots of helpful stuff.
Also the equifax thing is awesome, I did that too, but BE WARNED! Every time you check your own credit, that shows up on your credit report. Repeated inquiries in a small timeframe, especially right before applying for a loan, will hurt your rating.
Also the equifax thing is awesome, I did that too, but BE WARNED! Every time you check your own credit, that shows up on your credit report. Repeated inquiries in a small timeframe, especially right before applying for a loan, will hurt your rating.
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Originally posted by mbuxton
Good point brought up here. If I get the loan through one of these companies (PeopleFirst, etc.), can I refuse to take the loan if the dealer counters with a lower rate?
Matt
Good point brought up here. If I get the loan through one of these companies (PeopleFirst, etc.), can I refuse to take the loan if the dealer counters with a lower rate?
Matt
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Originally posted by cheap
I gotta agree with whoever said it, this is an excellent thread. I figured I'd throw in my secret, which is [url]http://www.drivehome.com/calculator.asp.......
Also the equifax thing is awesome, I did that too, but BE WARNED! Every time you check your own credit, that shows up on your credit report. Repeated inquiries in a small timeframe, especially right before applying for a loan, will hurt your rating.
I gotta agree with whoever said it, this is an excellent thread. I figured I'd throw in my secret, which is [url]http://www.drivehome.com/calculator.asp.......
Also the equifax thing is awesome, I did that too, but BE WARNED! Every time you check your own credit, that shows up on your credit report. Repeated inquiries in a small timeframe, especially right before applying for a loan, will hurt your rating.
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I have'nt seen this posted yet, but if you go to DINKYTOWN.COM they have about 20 finacial calculators for auto loan, home equity, auto vs home equity, and on and on. They also have calculators that show Bi-Weekly payments. An excellent way to save on any loan.
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Originally posted by cheap
I think you're mistaken Westpak.
I think you're mistaken Westpak.
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Originally posted by mbuxton
Another question - What is a good credit score? Say for a single 20 year old male.
Matt
Another question - What is a good credit score? Say for a single 20 year old male.
Matt
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Originally posted by mbuxton
So the lower the better? As of 12:38pm today, mine came back as 689. So that's good?
So the lower the better? As of 12:38pm today, mine came back as 689. So that's good?