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PenFed....i love it!

Q

qtnguyen87

Senior member
I just joined penfed, $20 to be a part of and fund the account. They have a Liberty Mutual auto insurance section where I can save money, I wanted to check a quote and now I save $40 on auto insurance so really my account to penfed was really free!@!
 
hmmm i am using geico right now for insurance and i wonder if i switch to liberty mutual, since i also have a penfed account, if i could save money.
 
I was with Allstate for years. Switched to Liberty Mutual back in February. Couldn't be happier. Didn't do it through PenFed (whatever that is), though.
 
My favorite benefit of being a Pentagon Federal Credit Union member is when I go buy a car and the sales guy starts talking about financing I tell him "no thanks, I have my own financing." They always respond "what rate did you get?" to which I respond with the incredible auto loan rate.

"Who are you financing with?" they ask.

"Pentagon Federal Credit Union," I say.

"Do you work for the government?"

"If I told you, I'd have to kill you."
 
Geico is 40 dollars a month cheaper for me according to the quote I just pulled. Good for you guys who saved though.
 
child of wonder said:
My favorite benefit of being a Pentagon Federal Credit Union member is when I go buy a car and the sales guy starts talking about financing I tell him "no thanks, I have my own financing." They always respond "what rate did you get?" to which I respond with the incredible auto loan rate.

"Who are you financing with?" they ask.

"Pentagon Federal Credit Union," I say.

"Do you work for the government?"

"If I told you, I'd have to kill you."
Click to expand...

when i purchased my car 2 aprils ago, i told them i was going to finance it with penfed instead of through them. they immediately matched it, no questions asked lol.
 
child of wonder said:
My favorite benefit of being a Pentagon Federal Credit Union member is when I go buy a car and the sales guy starts talking about financing I tell him "no thanks, I have my own financing." They always respond "what rate did you get?" to which I respond with the incredible auto loan rate.

"Who are you financing with?" they ask.

"Pentagon Federal Credit Union," I say.

"Do you work for the government?"

"If I told you, I'd have to kill you."
Click to expand...

How incredible is the rate?
 
child of wonder said:
It was 1.74% for 60 months at the end of July. Up to 2.24% now. If you use their car buying service to buy from a dealer in their network you could get as low as 0.49%.
Click to expand...

Not bad. When I bought my Altima, first time ever buying a car, I was getting rejected left and right by all the banks due to lack of credit until I just financed through Nissan themselves at 0.9%.
 
drbrock said:
Geico is 40 dollars a month cheaper for me according to the quote I just pulled. Good for you guys who saved though.
Click to expand...

I had Gieco for 2 years paying 69.70 for 2 cars liability only. I joined PenFed and joined Liberty under penfed and am only paying 42.xx a month.
 
drbrock said:
Geico is 40 dollars a month cheaper for me according to the quote I just pulled. Good for you guys who saved though.
Click to expand...


Since I can save $XXX by switching to Geico, $XXX by switching to AllState, $XXX by switching to Esurance, and so on, I'm just going to change insurance companies about 6 or 7 times until eventually they owe me money for having a policy.
 
I just switched over to Liberty Mutual and saving me about $150/yr from my previous noname insurer. LM gave me additional 8% off for being an university alumni. Geico was even $180/yr cheaper than LM, but they have this weird 6months premium thingy, not sure if they would raise it after the first 6 months, kinda like a teaser rate, so I didn't go with them.
 
child of wonder said:
It was 1.74% for 60 months at the end of July. Up to 2.24% now. If you use their car buying service to buy from a dealer in their network you could get as low as 0.49%.
Click to expand...

Yup Honda matched that rate for me on my Accord. As far as insurance, I do the whole Geico-Navy Federal bit and have auto and home insurance (actually Travelers) through them for max savings (haven't really checked).

Penfed customer service is usually really slow and they have very few branches. I prefer NFCUs service..very quick, phone or online
 
child of wonder said:
My favorite benefit of being a Pentagon Federal Credit Union member is when I go buy a car and the sales guy starts talking about financing I tell him "no thanks, I have my own financing." They always respond "what rate did you get?" to which I respond with the incredible auto loan rate.

"Who are you financing with?" they ask.

"Pentagon Federal Credit Union," I say.

"Do you work for the government?"

"If I told you, I'd have to kill you."
Click to expand...

doubtful


and if you spoke to the finance guy you lost.

State Farm bank beat PenFed (I am a member there) with nearly the same rate + GAP included.

I drive a ton. My mileage tends to beat my financing. At the end of the loan I still profit. though...I don't wreck much.
 
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