Like carguy19 said, with rates this low, it really doesn't make much difference once you're below 3%.
UNDER 1% financing is F U C K I N G bananas. Don't hesitate, get a check now and pay it when the car comes in.
I am so excited for you Marc!!
If you use their car buying service, it is (was) 1.49%. That's how I found my car was using this free service. You fill out an online form with them stating the model, color and options. And they put dealers in contact with you. Then they will finance for 1.49%.
Actually just checked again and now it is .49% if you use the service. 1.49% is their standard rate now!
Pen Fed Car Buying Service
PenFed just lowered thei rates today. 1.49% for 60 months up to 70k. If you use their service to help you find a car, you can get it at 0.49%!
I am on the phone with the right now since I just did my loan 2 days ago at 1.99%. Am trying to see if they can lower it to 1.49.
BAM! 5 minute phone call, and they changed my loan to 1.49%.
PenFed rules.
I got the Senior Enlisted Discout through the Navy Federal Credit Union.
For 5 years, .79%
For 6 years, .99%
Although I haven't purchased it yet (working on that now), I do have the check at my house ready to spend.