Hello,

I am not sure this is right post here, but my question is belong to 2008 MCS with Pentagon federal credit union, so I think it will be OK

I've got the loan amount from Pentagon federal credit union for my 2008 MCS. And today I went Irvine MINI, my dealer said that they already report to DMV as a cash (paid off) buyer, so I am going to be receiving the title and I have to sign the title and sent it to Pentagon federal credit union. I am not sure this sounds is right or not.

I am living Orange County CA. Does anyone who living in CA and already work through with Pentagon federal credit union? I would like to know your experience.

Thanks in advance.

 

PFCU sent me a check for the car, and the dealer treated it as a cash sale. The check itself says that the dealer must send the title to the bank. The process was very smooth with PFCU and I even got one of their cash reward credit cards (5% back on gas purchases, 2% supermarket, and 1.25% everything else). I'm not sure if the rates are lower now, but at the time 4.99% was a good deal. Good luck

 

Got my loan check though PFCU too. Bought my MINI from South Bay MINI in L.A. They never mentioned the title, so I assume they sent it to PFCU.

 

Thanks for the reply and sorry to bring this post top again.

When I bought my MCS, I did not have the check with me, so the dealer said I need to bring the check them within 2 weeks. After 1 week later I went to dealer to give them the check, and they said they already reported to DMV with out PENFED as a lien holder. I was told I will be receiving the title and once I get the title I need to sign and send the title to PENFED. They said there will be no problem and it will simple and easy