Have you applied for your loan as well? I spoke to someone today about their incomplete instructions, and she said she couldn't do anything about membership, but it sounded like the loan processor/officer might be able to push things through if membership is the hold-up. But who knows?
I have applied for the loan yes. I’m conditionally approved at the moment but they won’t process anything until I have a member number and I keep getting the runaround from the membership department. So it’s two different applications that I’m basically waiting for. I’m hoping my rate is locked but I’m not sure until I get my final loan paperwork.
My preapproval email listed the 2.99% rate, and they sent it today (after the increase), so my belief is that we’ll get the rate. I also got a Parsons preapproval at 4% so hope that one works out.
I am preapproved for the same two rates 3% at tower and 4% at Parsons. I honestly was just going to pay cash but given I can get 4% on a high-yield savings account. If I can get the tower rate, I can actually make money on my loan.
I have similar logic, but we do have to recognize that the interest or dividend received on the high yield savings account is taxable, so the net yield is still 15-40% less than the car loan’s interest rate, depending upon your tax bracket. But having the cash on hand reduces my stress level, which can’t really be quantified.
True, its more about having the cash on hand than giving it to someone else - I am fortunate where I could pay cash, but don’t see a reason I need to with a rate of 3%.
2.24? That's lower than they were even advertising when I applied.
i really hope this isnt just a scam to get my 35 donation dollars lol
this is my approval email
i did the cc payment option worked asap and I got online login within 15 minutes
Interesting. I think this is because I wanted to link external accounts, not due to payment. But if I don't see the test deposits tomorrow, I'll give a call.
