Author Topic: Car Buying  (Read 583 times)


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Car Buying
« on: January 30, 2017, 06:54:40 PM »
1a) Get a pre-approved Car Loan through Navy Federal - an unofficial check to hand the dealer.  Once dealer processes, NFCU will activate the loan for the amount dealer uses.  The check should be more (18.5 if value is 17).  NFCU pays up to 125% of the NADA value:

CALC:  COST / 100 * daily figure = monthly payment

Loan Type up to               36mo   37-60  61-72  73-84   85-96
APR as low as+                 
New Vehicle                      1.79% 1.99% 2.29% 3.69% 4.49%
Late Model Used Vehicle   1.79% 2.39% 3.09%
Used Vehicle                    3.59%  3.59% 4.89%

New = 2015-2017 w/ 7499mi or less (min loan amt $30k for terms of 85-96mo)
Late = 2015-2017 w/ 7500-30kmi
Used = Any year w/ 30,001mi or more

1b) Online application:

Auto Loan Application - This process is quick and easy, and in many cases, your loan can be approved instantly.  Before you get started - If you have already decided which vehicle you want to purchase, you need to know:
- The 17-character Vehicle Identification Number (VIN) for the vehicle
- The exact mileage on the vehicle
- The state where you will register the vehicle
As part of the loan agreement, you will need to provide Navy Federal a Certificate of Title or other proof of ownership reflecting Navy Federal as 1st lien holder and you as the registered owner. If this is not received within 3 months, Navy Federal will convert your loan's APR to the higher APR for personal expense loans with no collateral.

Get Started

Have you already selected a vehicle?

-Yes, I have decided on a vehicle and I'm ready to apply for a loan.
[ ] I am buying a vehicle from a dealership.
[ ] I am buying a vehicle from an individual.

-No, I'm not sure which vehicle I want, but I want to get pre-approved for a loan to buy a vehicle from a dealership.

How are you applying for this loan?

[ ] Individually - If you are unable to secure or pay for the loan yourself or would like to share responsibility with someone else, select the option below.

[ ] Jointly - I am applying with a co-applicant. - Both of our incomes and debts will be considered for the approval of this loan application. Both of us will be responsible for the repayment of the loan. *Co-applicant must be a Navy Federal member.

Please have the following information available:
- Loan amount
- Contact information (phone number and email)
- Current employment and income information
If you need to send your loan documents to an address other than your address of record or to a Navy Federal branch, please call 1-888-842-6328.

Co-applicants will also need the following:
- Personal employment information
- NFCU access number (The co-applicant must be a Navy Federal member)

You will receive a reference number if the application is completed in its entirety.

2) Optional Navy Federal Auto Buying Program
    Distance:  30 miles from 06340 (0-150)
    Price range:  $1k-$17k ($1k to $30k)
    Year range:  2011 to 2017
    Makes:  Honda CRV /Nissan Rouge
- Body Style: Crossover
  - Crossover Make: Honda
    - Year: 2013 Honda CR-V, 30Kmi, clean retail
      - Trim Levels:
        - Utility 4D LX 2WD I4    = $16,800
        - Utility 4D LX 4WD I4    = $17,050
        - Utility 4D EX 2WD I4    = $17,925
        - Utility 4D EX 4WD I4    = $18,475
        - Utility 4D EX-L 2WD I4 = $20,200
        - Utility 4D EX-L 4WD I4 = $20,800

$15,502 = Mileage: 59,743 Used 2013 Honda CR-V AWD LX
$15,879 = Mileage: 22,384 Used 2011 Honda CR-V LX
$17,000 = Mileage: 18,143 Used 2010 Honda CR-V EX-L
$18,594 = Mileage: 18,279 Used 2014 Honda CR-V AWD LX
- Body Style: Crossover
  - Crossover Make: Nissan
    - Year: 2013 Nissan Rogue, 30Kmi, clean retail
      - Trim Levels:
        - Utility 4D S 2WD I4   = $15,225
        - Utility 4D S AWD I4   = $16,275
        - Utility 4D SL 2WD I4 = $15,875
        - Utility 4D SL AWD I4 = $19,125
        - Utility 4D SV 2WD I4 = $16,300
        - Utility 4D SV AWD I4 = $17,450

$17,888 = Mileage: 16,325 Used 2016 Nissan Rogue S
$15,000 = Mileage: 29,734 Certified 2013 Nissan Rogue S

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« Last Edit: January 31, 2017, 12:51:14 PM by Richard »