Financing with no VIN? - Page 2 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

RRnold · 05-01-2012, 06:41 PM

1.79% through Navy Fed with a range 36-60 months. I've used Navy Fed and they issued the loan check not to exceed the amount.

For new car preapproval loans and if you are a member, they don't normally ask for the VIN.

dorkymork · 05-01-2012, 11:06 PM

Navy Fed and PenFed... How many here are government/military?

ayau · 05-01-2012, 11:12 PM

subaru currently finances from 0.9-1.9%. most banks won't be able to beat that. not sure why you're looking at other banks.

impreza wrx is currently at 1.9%. i'm sure the brz will be similar. with an excellent credit score, you shouldnt need to be paying more than 1.9% for a brand new car, especially not in this current economy.

joshua · 05-01-2012, 11:22 PM

Military here... Plan to use either Navy Fed or USAA... PenFed would come in a close third.

Indestruct · 05-02-2012, 01:02 AM

My retirement account is charging 1.875% paid to myself. Anyone consider taking some from their retirement??

Enemies · 05-02-2012, 02:44 AM

Quote:

Originally Posted by Indestruct

My retirement account is charging 1.875% paid to myself. Anyone consider taking some from their retirement??

Hell no. :P

Dadhawk · 05-02-2012, 08:55 AM

Quote:

Originally Posted by Indestruct

My retirement account is charging 1.875% paid to myself. Anyone consider taking some from their retirement??

No, but it is certainly a personal choice.

Remember that while that money is out of your account it is not growing at the same rate as your other investments, so the the actual effective interest rate will likely be higher. So, if for example your retirement fund is earning 5% over the period (as an example, likely it will be more), you really have an effective interest rate of 3.125% that is NOT paid back to you.

This gets compounded over many years as now you don't see growth on the growth you avoided by "paying yourself". It could literally be thousands of dollars over the life of your retirement fund.

Of course, the investment can go the "other way" in your retirement account.

Also, remember if this is a standard 401K and you lose your job, or you change jobs, the full amount becomes due immediately and you will get taxed on the distribution if you do not pay it back.

All that is too much risk for me.

05-01-2012, 06:41 PM	#15
RRnold 2 wheel member Join Date: Feb 2010 Drives: JZA80, 997.1, Taco Location: SoCal->NorCal Posts: 4,330 Thanks: 1,318 Thanked 938 Times in 480 Posts Mentioned: 9 Post(s)	1.79% through Navy Fed with a range 36-60 months. I've used Navy Fed and they issued the loan check not to exceed the amount. For new car preapproval loans and if you are a member, they don't normally ask for the VIN. __________________

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05-01-2012, 11:12 PM	#17
ayau Senior Member Join Date: Nov 2011 Drives: Some rust bucket Location: Polar ice cap Posts: 3,058 Thanks: 312 Thanked 1,046 Times in 556 Posts Mentioned: 37 Post(s)	subaru currently finances from 0.9-1.9%. most banks won't be able to beat that. not sure why you're looking at other banks. impreza wrx is currently at 1.9%. i'm sure the brz will be similar. with an excellent credit score, you shouldnt need to be paying more than 1.9% for a brand new car, especially not in this current economy.

05-01-2012, 11:22 PM	#18
joshua Member Join Date: Apr 2012 Drives: DGM BRZ LT MT Location: pensacola Posts: 82 Thanks: 38 Thanked 29 Times in 17 Posts Mentioned: 13 Post(s)	Military here... Plan to use either Navy Fed or USAA... PenFed would come in a close third.

05-02-2012, 01:02 AM	#19
Indestruct Senior Member Join Date: Mar 2012 Drives: 2013 SWP Limited BRZ, MT Location: Oakland, CA Posts: 252 Thanks: 52 Thanked 51 Times in 34 Posts Mentioned: 6 Post(s)	My retirement account is charging 1.875% paid to myself. Anyone consider taking some from their retirement??

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