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.
iacrenter said:You can try PenFed:
https://www.penfed.org/auto/refinance
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.
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!
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.
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.
Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!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?
paperboyNC said:Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!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?
USCTrojanCPA said:paperboyNC said:Thanks. Just applied with them and they said I qualified to refi my Tesla at the 1.3% rate!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?
Was it easy to join to get the refi?