When I have purchased cars through my local CU, they always required an inpsection first. They quickly walk around the car, note the mileage, and document the VIN. I guess it would be a hassle with an out-of-town owner though.
PenFed is a great option, but make sure to stay on top of the paperwork they need.
I leased a Lexus before. When I contacted LFS to check on buying the car out, I was told I would need to pay taxes on the portion of the car I had not paid for yet. The residual + the remaining payments.
Your nephew could definitely coordinate this easier, but the dealership will probably charge you nearly $500 for the transaction. If your nephew can keep the cost of the deal down, and you have a trade-in, it may be worth it (if you use dealer financing options). If you stick with a credit union for financing, you will still have to meet their financing criteria, negating the benefit of running through a dealership.
On a side note, if you use your nephew's dealership to run this through, you can have a CPO warranty put on the car and get any special CPO financing options from IFS. I believe Infiniti CPO certifications costs $895. You may have to pay for any services/parts they say are required to certify the car.
PenFed is a great option, but make sure to stay on top of the paperwork they need.
I leased a Lexus before. When I contacted LFS to check on buying the car out, I was told I would need to pay taxes on the portion of the car I had not paid for yet. The residual + the remaining payments.
Your nephew could definitely coordinate this easier, but the dealership will probably charge you nearly $500 for the transaction. If your nephew can keep the cost of the deal down, and you have a trade-in, it may be worth it (if you use dealer financing options). If you stick with a credit union for financing, you will still have to meet their financing criteria, negating the benefit of running through a dealership.
On a side note, if you use your nephew's dealership to run this through, you can have a CPO warranty put on the car and get any special CPO financing options from IFS. I believe Infiniti CPO certifications costs $895. You may have to pay for any services/parts they say are required to certify the car.