Sup ppl i was thinking about refinancing my g to lower the interest rate and hopefully the monthly payment. Has anyone done this recently with their g ?Please any info will help. I have an 8%rate suggestions are helpfull to.

 

yeah i did mine on lendingtree.com ! i got a great deal on mine !~

 

join a local credit union... they usually have the best rates around.

 

i am already with tampa bay federal credit union. I set an appointment for Sat and see how much convenient it will be.

 

how'd that go with lendingtree hydro? was it a complicated process? did u get any lower than 7.5%?

 

how much is the pay off if i may ask?

 

25,000 is wut i owe

 

WOZers. I got my G 35 for 15,000. Used

 

Car loan rates don't seem to be as low as mortgage rates right now.

 

go to there website fill in the app and you will get a few companies that will fight for your business then you choose whoever got the best deal its really simple !

 

[I]'ll let u guys know on Sat. Gilley u know more about refinancing car loans?

 

i need to do the same a.s.a.p

 

I think my interest rate on my loan is 7.2 though I figured I could do better than that since my credit is pretty good. lol I've only made one payment, would be funny to refinance already haha.

 

Tighten up your credit as much as you can the month (or two) before you apply for a refi/loan, and you'll get a better rate. That's the big factor. But of course, shopping around is really important too. Credit unions are awesome. My last two car loans were with credit unions.

 

I've worked in banking for several years and I am a mortgage banker for a larger bank and I can tell you the best thing to do is:

1) go to myfico.com and pull your credit report with 3 scores from all 3 bureaus. search google for a coupon code first you'll prolly find like $10 bucks off. This is a soft inquiry and will not effect your credit. If you just start having banks pull your credit each one will be a hard inquiry and can drop you score slightly.

2) then check with multiple places and ask them what credit bureau they use when checking credit. Then tell them the amount you are trying to refi and what your credit score is with that credit bureau and they will be able to tell you the rates and terms available. If you have a score below 750 you'll want to ask them how much higher your score would need to be to get the next best rate b/c if you are only a point or two away you could wait a month and you score might bump up enough to save you some money in the long run.

3) Credit unions are almost always the best for rates. The bank I work for doesn't offer that great of car rates otherwise I could help you out. Capital one seemed pretty competitive when I was looking earlier this year but I am not sure if they will be as competitive for refi's. The lender is going to compare how much you owe versus the vehicles estimated value and they might have some restriction and the more your "loan-to-value" the worse the rate might be depending on their guidelines. Don't let online sites confuse you b/c until they actually underwrite the loan you won't know exactly what you are getting. Some sites are smart enough to have software set up to when you submit the application it will automatically run credit and take into account the details of the vehicle all at once.

Lastly don't pay off your auto loan with an equity loan or conventional mortgage unless you are either hurting for cash flow or you are going to use a short term equity loan and are disciplined enough to pay it off in what you would have with the auto loan. Even though the interest is tax deductible for primary homes (I am not a tax adviser ) and the rate will be lower, in the long run it will cost you a lot more as well as reduce your home equity position.