DO This BEFORE Your Navy Federal Auto Loan CHECK EXPIRES...🚗 📝? - YouTube

Hey Credit Cousins,

Were you just approved for an auto loan at  Navy Federal but still searching for your car  

and afraid your loan expires  before you can find a car ? If so,  

keep watching to learn what to do if your auto  loan check has expired or is expiring soon.  

But first, let me introduce myself. I'm a Designer  Soapbox and we talk about how to build credit,  

get high limit credit cards, how to make money  online, and so much more. If you find this  

channel of any value, please subscribe, leave  a like, and comment down “Hey Credit Cousin”,  

and I’ll make sure to say hey  back to all my credit cousins.

So, let's chat about what you can do if  your auto loan check is expiring soon . 

When you receive your check from navy  federal for your vehicle purchase,  

it will have a void date on the check. The date  should say something like 30,60, or 90 days.

If the date expires, you can try to call  or visit a branch and ask if they can do  

a covid extension on your check, or you will  need to reapply again for your auto loan  

and you will need to return the voided check.

If you get a no from a rep by phone for the  covid extension, I would try to message them  

on the navy federal app portal and you can also  visit the branch and they write you a new check.

Here are some tips to note when trying to purchase  

a vehicle during these times  with a navy federal check:

Keep in mind I've read that some dealers  won’t take your navy federal check if it  

is over 30 days old even if your expiration  date is not expired yet. If that happens,  

try just getting another from the bank.

Usually the NFCU checks expire in 60 days but Navy  federal will add an extra 30 days, due to Covid.

Don’t let the dealerships backdoor you into using  their financing to make the same day purchase  

due to them not taking your check  because its “30 days late”...

They will use this tactic in their favor if you  try to purchase with your credit union or bank  

because there is barely commission  when you have your own financing.

Also, some dealerships will take the 30 days past  late check but as a buyer, if you have a set in  

stone price with that dealership make sure to get  a buyer invoice or bill of sale with the price  

then go to the bank and get an updated check. Keep in mind, you may really have a hard time  

finding a new or used vehicle during  these times that is not over 5-15k  

MSRP price. So you may either have to look out of  state or have some really good negotiation skills.

So you may want to find a vehicle  before you apply for a car loan or  

when you are approved, try to not waste no time.

So, credit cousins, I hope this gave  you better insight on what to do if your  

auto loan check is expiring  . Make sure you leave a like  

on this video & that will help tell me that  you are picking up what I’m putting down!

& Let me know in the comments if you have any more  questions or if you have any other tips & tricks  

on how to handle a situation like this, it  could help other credit cousins learn more  

about it. This channel is all about learning from  each other. I look forward to your feedback!