Just wanted to give a bump to Alliant Credit Union, who've approved me for virtually the entire amount of my $93,000 85kWh S. Penfed did approve me, but only for $50,000. So, I re-applied, only to get the same result. At that point I decided to look elsewhere. Saw the posts about Alliant, and thought I'd give them a try.
I'm self-employed, so I anticipated some trouble, as is usually the case when it comes to such matters. I supplied each ACU & Penfed with PFD copies of my 2010 & 2011 tax returns (over 100 pages each!) in lieu of paystubs. They of course ran my credit, which Equifax reported as 749 (Grade A). Still Penfed wouldn't give me the entire amount, which meant I would've had to get an additional loan for the remainder. Too messy.
So, I'm not a member of Alliant, and don't have a relative who is, and I don't live in Chicago, or belong to any of the professional organizations listed on their site. So, easy-peasy, I donated $10 to Foster Care via Alliant's site, which qualified me to become a member. Alliant then automatically deposited five of their dollars in my newly formed savings account. For confirmation of identity, I had to further supply them with copies of my driver's license, passport, and a digital copy of a utility bill - in my case it was a Verizon Wireless bill.
Confirmation of my new account was very quick - within one day - and I immediately called and talked to loan consultant Jon Sipich. GREAT work on his part! His knowledge and communication were superb. He then expedited my loan application, and I was pre-approved while on hold for 4-5 minutes. He gave it to the underwriters for a final look-see, and I heard via email the following day that I'd been approved for the entire amount. Actually, they required me to make a 10% down payment, which took into account the $5000 I'd already placed on my original reservation a year ago. So, my down payment is approximately $4300, with around $84,000 actually being financed. Oh, almost forgot - 1.49% over 72 months! GREAT!! A year longer than Penfed.
So, I guess the moral is...SHOP AROUND.
Kyle in Madison
85kWh - Blue - Black - 19" - Tech - Sound - Air
Late April Delivery