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Refinance my car loan

Discussion in 'Credit Talk' started by tmeda, Apr 26, 2004.

  1. Apr 26, 2004 #1
    tmeda

    tmeda Well-Known Member

    Does anyone have a suggestion on how I can refinance my car loan. I currently have a 24% interest rate. All suggestions are welcome.
     
  3. Apr 26, 2004 #2
    bopem

    bopem Well-Known Member

    I want to do that too. My rate is 20%. I got the loan when my scores were awful. They're in the mid-upper 600 range now. I think I'm gonna try my credit union, but any suggestions are welcome.
     
  4. Apr 26, 2004 #3
    dacoldest

    dacoldest Well-Known Member

    Well I went out to lending tree and 3 offers came up
    Household...Roadloans and Capital One. Unfortunately I was denied by all 3 probably because I gave a car back in my bk 12/02 and it's only been 1 yr since I had this car. Hopefully you guys will have better luck. Oh yes I forgot my friend did the same thing and Roadloans approved her she went from 21% to 13.99%.
     
  5. Apr 26, 2004 #4
    jenz

    jenz Well-Known Member

    credit unions are your best bet for the best rates. i just refi'd my vehicle at a rate of 4.25%.
     
  6. Apr 26, 2004 #5
    Hedwig

    Hedwig Well-Known Member

    I agree that credit unions are a good place to start. Pentagon Federal has 3.49% on new and used cars right now. I may refinance my oldest loan with them, I'm at 5.75% on that one.

    jlynn, I have you slightly beat. I just got a loan approved from a different credit union (I won't mention, because it has a very narrow membership eligibility) for 4.24%.
     

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