Auto Loan closing timeline | FerrariChat

Auto Loan closing timeline

Discussion in 'Other Off Topic Forum' started by lor2435, Jun 7, 2013.

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  1. lor2435

    lor2435 Formula 3

    Joined:
    Nov 6, 2005
    Messages:
    1,009
    Location:
    NYC
    Hi guys, I am in the process of getting a loan through Key Bank for a used car and the process has been BEYOND bad.

    As of this coming Tuesday it will have been 3 weeks since I initially applied. Any reason this should take so long? I knew my interest rate the day after application (an unreal 3.25% which is the only reason I haven't walked) but the documentation side of things has held this whole thing up.

    Any advice on how to speed this along or any ideas of a company with a low interest rate for used cars like this? Penfed was suggested to me but thier rate was would have been 4% for me.
     
  2. FerrariF50lover

    FerrariF50lover Formula 3

    Joined:
    Aug 12, 2005
    Messages:
    2,383
    Location:
    Ohio
    Full Name:
    Nate
    What year and model of car are you trying to buy? How many years? If they cant get it done within 2 days they don't want your business that bad.
     

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