Buying out our Mercedes lease in the next month. Credit is above 750. Any recommendations on banks to finance through? Trying to find below 3% for 48-60 month.
Vehicle is a 2018 GLC
DCU is great and always has awesome auto ratesā¦ so easy to deal with too.
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I donāt know your buyout but hereās Lightstreams rates for 40k
2.84 / 2.99
The good part of lightstream is that theyāre usually unsecured, no lien on title.
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Whatās the benefit of an unsecured loan to us when we want to sell the vehicle in the future? Dealing in cash only? Less paperwork?
Less title issues when you sell it
You should be able to get to 2% or lower at a credit Union.
Check out http://www.withclutch.com. They plug directly into several CUs on refinances and from what I have seen should be an outstanding and simple experience.
Scratch thatā¦ I donāt think they are consumer facing anymore. But they list the CUs that work with them.
Unless Iām not checking it correctly, lightstream is showing over 3.8% for āauto lease buyoutā at $28k
Iām seeing the same as you are. The example posted above is for a āused auto purchase from dealerā, thus the difference
USAA Bank has used auto loan rates as low as 2.79%. Theyāre very easy to deal with, but must qualify for membership.
Ugh looks like so many peeps did the buyout and payoff they raised the rates to make a couple of $
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I know a few folks that got their cars totaled and used this option to not get hosed by the leinholder.
Lol neat! After all the doomsayers here keep saying thatās illegal.
But I do believe the flippers are way out doing the insurance āfraudersā hehe
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