If I'm planning to order a '24 from a TX dealer, which may take 9 months for delivery, when should I get a financing quote from a credit union? Do I wait until I can get some confirmation that my vehicle is almost ready or do it before I put in the order?
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When to get a Credit Union financing quote?
- Thread author GlenL
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TellmeyourWHAT?
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You can pre-qualify with various lenders ahead of time, but you don't lock anything in until you actually buy the car.
You say 9 months? Figure on two months. KIA has really stepped up production for the Telly.
Deb in Bailey
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I waited until I had a delivery date and it was pretty set and not changing. About two weeks before it was expected, I contacted my credit union.
Actually I contacted my dealer finance office and asked for their best and then also told them of my credit union offer. They'd rather me finance through them, so they met (and beat) my credit union offer.
When someone pulls your credit for a car loan, you have several weeks where others pulling your credit for the same reason does not count against you.
Since rates change and I couldn't really lock in anything till the end, anyway, I just waited to do it all.
Worked out really well!
That would be great and hopefully true for the Jungle Green/Sage config that we're aiming for.
Thanks for the tip! Will give that a go!
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RobinGill
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It's a good idea to start exploring financing options early, even before you place the order. Contacting a credit union now can help you get a sense of their rates and terms. When your vehicle is nearing delivery, you can finalize the financing details. This way, you'll be prepared and can secure a competitive rate when the time comes.
