Better Than a Lease? A Balloon Loan Primer

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Are you getting the new rate even though you are refinancing?

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Any CU’s that don’t require Pay stubs?

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Throwing this back out here. Any suggestions for the BL program that is good for sports cars (sedans, preferably). I haven’t been able to find any. Used or new, doesn’t matter. I have yet to find one that really sticks out to me yet. I think the only one that came back solid was the Camaro 2SS, but not a big fan of the new looks/design language.

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Bumping this. Gonna call a CU tomorrow & see what they say but in case anyones experienced this

Found a ‘23 palisade in stock @ msrp I want to finance via balloon loan but afg doesn’t have rates on them. On their ‘22 values, $5k down / 24 month balloon loan lands me at $187/mo

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I’ve had no success getting AFG to offer a program for the Ford Lightning so far… YMMV.

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Let us know what you find out on buying 23’s. I’m also looking at a new Palisade. Thanks!

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Paystubs? I’ve never had a CU or anyone on a loan ask for paystubs. That is only if you have average credit.

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Is that actually true? How are they verifying income then…?

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I haven’t had an income verification on Santander (CCAP), BofA (Volvo), BMWFS, or Chase (LRFG)

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I swear someone on this forum told me they want pay stubs. That’s why I was hesitant on using a CU, since my W2 doesn’t show like 80% of my income

You’ve only done big banks though. they never ask. Might be different for CU?

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Americu has it as part of the loan application. Before they even run credit.

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NWFCU also asks for paystubs.

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I have never been asked that’s crazy. I don’t care that they ask for one but I don’t even know how to find them haha

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You don’t know how to get your paystubs?

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No one knows these days.

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why? nobody works? or they all self employed?

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No one receives them in the mail like 25 years go.

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What are people using then? First time i heard this

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Just log into your company’s Workday and get them there (yes, I know that means your company uses Workday :grin:).

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Stubs have gone the way of personal check registers.