Join Date: Feb 2018
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Probably dont need to post, but my process was almost the exact same as most in here. My truck is financed with a CU that I have been a member of for about 5 years now. I just called, told my banker that I was going to purchase a new truck, and I wanted him to finance it. (I wasn't too adamant about letting some monkey at a dealership play with my credit lol) Told him what I was looking for roughly. He asked for a couple things to prove my income (the last thing they had on file was about 3 years old from my boat loan) and told me to pick a truck and send him the deal sheet from the dealer.
This worked out better for me in the long run because I kept everything separate until I was ready. Meaning that the dealer thought I was paying cash, so I had more push in the negotiations. Once I squeezed the dealer for everything I thought he would offer, I took my proposal to my banker and walked out the same day with a cashiers check for $59,xxx. Walked into the dealer, they called my banker to verify the check was good, signed papers, and drove away happy (for the most part) Sitting in the finance office always seems to piss me off somehow. I walked in there with "cash" told them I wanted that truck and nothing else, but the finance guy just kept on pushing the extended warranty, wheels and tires, aftermarket accessories, etc... I finally got up and said "when you're ready to sign papers call me" and started walking out. He printed those papers rather quickly and there wasn't much talking after that. I'm young, and this would be my first new purchase auto loan, so I didn't get my banks most favorable 3.09% interest, but I'm happy with my 4.9% at 21y/o with a $70k platinum lol.
Congrats on the new truck in the future, and good luck loan shopping, just remember every pre-approval could be an inquiry on your credit report, make sure you know if and when they will pull your credit.
2018 F-250 Platinum Ultimate 6.7 PSD