don't take the first rate offer by the dealership, all I did was mentioned that the rate was little high, they immidately said call me back.. 10 mins later, it dropped 0.5 percent.

 

Do you have to be in the military to qualify for one of there auto loans. I tried to become a member on their website and I do not meet their critieria. I kept looking for a link to apply for a loan and couldn't find one.

 

The way I understand it, you definitely have to be in the military or a family member to qualify for USAA.

Another option is Pentagon Federal Credit Union. They have similar restrictions but you can pay a $20 membership fee to be eligible. Their rate is 5.29%. Very close to the 4.99% USAA offers.

 

Is this what you did VJ? Thanks for the reply I will look into it. I was also going to try e-loan or lendingtree but don't know which is better. I don't want to make too many inquiries if buying new doesn't happen and decide to wait on getting a used car instead.

 

Right now I'm looking into them. I actually have to get moving because I might have my car sat or sometime next week. People here have used Pentagon Federal Credit Union and have said everything went smooth.

Also, all the inquiries you make within a 30-60 day period (not sure of the exact period) count as 1 since you are shopping around. That goes for mortgages too.

Your Welcome.

Glad I could help

 

Pentagon is VERY smooth. We have financed 5 cars thru them. The G37 will be #6.

 

Hey guys, looking at the Pentagon Federal Credit Union but how can you sign up online? I don't see anything about a $20 membership fee if your are not in the Army.

 

Go Here:
https://www.penfed.org/membershipApp...elig10.1.2.asp

In order to get those rates you have to join the NMFA and Pentagon Federal and pay a Membership fee to National Military Family Association (NMFA) of $20. I'm not sure if its a one time fee or yearly.

After you join then you are eligible.

 

Thank you very much!

Now to find a deal.