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SuperCaptainJ
Jun 24, 2005



Butthole Prince posted:

How exactly do these loans like PenFed work? You go to the dealership and negotiate the price of the car after your down payment, the apply to PenFed for that amount, and if you are approved they send you a check? So then you just go into the dealership with the two checks, your personal check and the PenFed check, that equals out to the final price after all fees? I've never purchased this way before.

Also, PenFed's used car loan says this:

"For purchases of previously titled vehicles or refinances of original owner vehicles 2007 and older."

So what if I wanted to buy a used car that was 2008 or 2009?

Yes - you finalize a price through a dealer, apply at PenFed, get a check, and take it to the dealer when you sign your paperwork.

I refinanced a used auto through Penfed -- If your auto loan doesn't fit into their "used auto loan" or "new auto loan" categories, they put it in a "general auto loan" category at the exact same interest rate and term. In other words, Penfed really doesn't give a poo poo what the situation is, as long as you are borrowing money for a car and they get the title.

SuperCaptainJ fucked around with this message at 19:13 on Jan 20, 2010

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SuperCaptainJ
Jun 24, 2005



Butthole Prince posted:

Thanks for the info. Is there any way to pre-qualify? I'd rather avoid the chance that I finalize a price with a dealer, apply for the loan, and not be accepted. Also how long does it take to receive the check if you are accepted?

The first sounds like a question for PenFed to me. You can always ballpark a little under the final price and just pay the difference in your down payment.

When I applied, I had an option to expedite a check that would arrive in 2 business days.

SuperCaptainJ
Jun 24, 2005



cmears posted:

Where's the catch?

How many miles do you drive a year?

Edit:10k, missed that.

SuperCaptainJ fucked around with this message at 16:42 on Feb 10, 2010

SuperCaptainJ
Jun 24, 2005



If you're thinking in economic terms, hybrids just aren't worth it compared to vanilla gas-sipping sedans. Here's a handy chart on Corolla vs Prius, for instance:

SuperCaptainJ
Jun 24, 2005



Throatwarbler posted:

The vast majority of these comparisons seem to be done by ignorant Free Republic posters who seem to have some kind of axe to grind against unpatriotic left coast liberal radicals who want to use less fuel and not drive huge trucks.
Ok, well I'm a liberal left-coast radical and I think it's a fine comparison to make

Throatwarbler posted:

This one is pretty easy - the Prius is an EPA MIDSIZE car, similar in internal volume to a Toyota Camry or BMW 5 series
I could say something like "then why does Toyota make a hybrid Camry to compete with it's own sedan hybrid?", but instead I'll just talk numbers:

2010 Corolla EPA passenger volume (cu. ft.): 92.0
2010 Prius EPA passenger volume (cu. ft.): 93.7
2010 Camry EPA passenger volume (cu. ft.): 101.4

Cargo volume is larger for the Prius of course due to the hatchback, but obviously passenger volume is more comparable between the Corolla and Prius.

Throatwarbler posted:

The Prius is a great car, that's why it sells so well.
The Prius is a great car. But in terms of saving money on smaller sedans, the Corolla is better.
At any rate, Moana is talking about Civics and Corollas vs hybrids so this conversation is irrelevant

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SuperCaptainJ
Jun 24, 2005



Throatwarbler posted:

stuff

I disagree with pretty much everything you said but the topic is civics & corollas vs hybrids anyways so I think my chart is very helpful :)

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