Auto loan refi rates lately

Cornflakes

Active member
Any suggestions on refi rates for auto loans? I have 3.25% on my cars, and would love to lower the borrowing costs if better rates are out there.
 
Cornflakes said:
Any suggestions on refi rates for auto loans? I have 3.25% on my cars, and would love to lower the borrowing costs if better rates are out there.

Cash out refi your home at 2.875% and buy your car in cash!

Write off the "car loan" interest and also have it amortized over 30 years instead of over 5-7 years!
 
Cares said:
Cornflakes said:
Any suggestions on refi rates for auto loans? I have 3.25% on my cars, and would love to lower the borrowing costs if better rates are out there.

Cash out refi your home at 2.875% and buy your car in cash!

Write off the "car loan" interest and also have it amortized over 30 years instead of over 5-7 years!

I thought there was a limit on the mortgage interest deduction.
 
HMart said:
Cares said:
Cornflakes said:
Any suggestions on refi rates for auto loans? I have 3.25% on my cars, and would love to lower the borrowing costs if better rates are out there.

Cash out refi your home at 2.875% and buy your car in cash!

Write off the "car loan" interest and also have it amortized over 30 years instead of over 5-7 years!

I thought there was a limit on the mortgage interest deduction.

Up to a loan down of $750k if you are doing a cash out refi.  I'm not sure I'd have my mortgage rate increase by 1/4% to 3/8% to pay for a car loan, I'd just take the PenFed rate.
 
Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them.

Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.
 
Cornflakes said:
Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them.

Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.

This rate seems.....too good to be true? What's the catch?
 
HMart said:
Cornflakes said:
Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them.

Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.

This rate seems.....too good to be true? What's the catch?
Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!
 
paperboyNC said:
HMart said:
Cornflakes said:
Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them.

Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.

This rate seems.....too good to be true? What's the catch?
Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!

Was it easy to join to get the refi?
 
USCTrojanCPA said:
paperboyNC said:
HMart said:
Cornflakes said:
Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them.

Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.

This rate seems.....too good to be true? What's the catch?
Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!

Was it easy to join to get the refi?

Haven't had time yet to send in all the paperwork, but they say it's easy. Just an $11 member fee.
 
Super easy process. 2017 Model S refie'd at 1.3%!

After applying, talked to the processor over the phone while my tesla was charging at new Irvine supercharger. Within minutes got approval and was passed on to the funding specialist. Sent in all the docs and loan is approved for funding. Then came the holidays and new year. Waiting for the disbursement this week.
 
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