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Buying a car in Pensacola

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PeacoatMan

Registered User
I have a 91 Explorer that died on me yesterday -- transmission. I'm going to get it fixed and drive to Pcola for OCS (12 July). I'll probably buy something in Pcola once I'm commissioned.

Can anyone recommend a dealership I should visit? Does anyone know of some deals for Navy folks? I've seen a few people menion Sandy Sandsing. I'll probably buy used.

Thanks for any tips.

Joey
 
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jaerose

Registered User
I've not been down there, but I've been told that if you go through USAA you can get 0.0-3.9% financing for newly commissioned ensigns. www.usaa.com

JR
 
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Dave Shutter

Registered User
NavyFed also has a career starter loan, 18k for 1.75, or something like that, for a four year term. Lot's of guys get new cars with it.
 
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jaerose

Registered User
Or, if you could handle the payments, you could take that 18k at 1.75 and invest it elsewhere at a higher interest rate...or pay off CC debt etc. I would maybe use it to invest (if I didn't have other debts at higher interest to pay off)...but that's just me.

At 1.75% you end up paying about $18,650. If you invest it at just 5% interest for the same 4 years you end up with about $21,880 for a difference of about $3,230 of free money (pre-tax). That's not too shabby...and you could probably at least double that return, which would leave you with $26,354, or a profit of about $7,704! Then, take a nice vacation, keep it invested, or buy some toys.

JR
 
EODDave

EODDave

The pastures are greener!
pilot
Super Moderator
I would look on EBAY. No kidding, I just bought a 2001 Excursion Limited for $20,250.00. The sticker on it new was $44,000. I so I got a car a year and a half old with a little under 40K miles and saved 24K. I also got a warranty that goes to 100K miles. So... I'd look at what you want and go from there. I saved a bunch of $$ and got a great car. I got the loan through Navy Federal and it was apporved in minutes.

Dave
 
Dunedan

Dunedan

Picture Clean!
None
Odd...

I've a '99 Exploder whose transmission just took a crap 2 weeks ago. My extended warranty (glad I bought it!) covered it, though...still, maybe the next ride won't be an Exploder...

See you there, Joey!
-A

Ummm...yeah
 
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