Approved for auto loan 6 mos. post discharge!

[mom2three09]

We found an awesome deal on a 2007 Mazda6 i sport hatchback and applied for financing thru our local credit union (which we had just became members of about 3 mos. ago). We were approved for $10,000 @ 9.9% interest and they were willing to go 60 months on the loan (but we chose 4 yrs instead). We had a small amount of equity in our trade in so that $$ was rolled into the new car making the total financed only $10K. The car is still like brand new and has 30K miles on it !! I love it !!

I would definitely recommend becoming a member of your local credit union if at all possible

[nerves]

I agree with the credit union. We were able to get financing a couple days after discharge. I haven't used it yet - still fighting with the bank that is holding our truck hostage from the business loan collateral. We really want to keep the truck but I am not going to give them book value. They refused my offer so I am waiting for a reply on what exactly they do want for it. We will be doing something probably before the week is over. I have another vehicle in mind if we can't keep the truck for a reasonable price.

[aces67]

We joined a CU after our discharge but their rules are they don't loan money until your 1 year post discharge. Not too bad though it's been almost a year already for us.

Congrats!