Damn, PenFed raised to 4.75%.

[ulrichd]

Just noticed this am. My car is 4-5 weeks away, I'll have to call to see how early I can lock in.

[AchtungF80]

Holy crap am I glad I locked in at 4.5% a month ago!

[BeamerDreamer]

Over 60 months that extra 0.25% will only make about a $3-$5 increase in your monthly payments.

[AchtungF80]

Yeah but its an extra $300 I don't have to spend! :biggrin:

[thurst0509]

Originally Posted by AchtungE30

Holy crap am I glad I locked in at 4.5% a month ago!

Are you sure you are locked in?

Reason I ask is because I was unaware there was a way to lock in a specific rate while the car is being built. I secured my pre-approval loan check from Penfed in June when the rate was at 4.25%, but because the check was not exercised until July, I got hit with the 4.5% rate.

I called and asked about it afterwards and they said it was correct - my rate was 4.5% since that was the rate when I exercised the loan...

[ORIGIN M.]

Would you like some cheese with your whine?

[AchtungF80]

Originally Posted by thurst0509

Are you sure you are locked in?

Reason I ask is because I was unaware there was a way to lock in a specific rate while the car is being built. I secured my pre-approval loan check from Penfed in June when the rate was at 4.25%, but because the check was not exercised until July, I got hit with the 4.5% rate.

I called and asked about it afterwards and they said it was correct - my rate was 4.5% since that was the rate when I exercised the loan...

Wrong choice of words, my check was disbursed during the 4.5% term. The car was paid for over a week ago.

[thurst0509]

Originally Posted by AchtungE30

Wrong choice of words, my check was disbursed during the 4.5% term. The car was paid for over a week ago.

:w00t:

Good to hear. I just didn't want you to end up surprised like I was if your rate came in higher than expected.

You sure paid for your car awfully early for a September 15 ED though! I didn't pay for my car until about three days before I left.