This is true for other lenders offering this perk as well. While Navy Federal offers same-day funding, it’s not a guarantee you’ll receive your loan funds the same day you’re approved. It also indicates that many borrowers receive loan decisions within minutes of submitting applications, but some email follow-up may be required in certain instances. In some cases, Navy Federal offers same-day funding once you’re approved for an auto loan. It also doesn’t do lease buyouts or cash-out refinances. But it doesn’t offer private party car loans, so you’ll need to look elsewhere if you intend to buy a car from a private seller. You can also get financing through Navy Federal if you’re planning to purchase a new motorcycle or RV. Types of Auto Loans Offered by Navy Federal Credit Unionīorrowers can get new and used vehicle loans from Navy Federal, and it also offers refinancing for existing car loans.
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