TX ONLY
ballon loan but abysmal rates 8.49%
Hi- i am looking to do my lease buyout in couple of days. If any promotional rates going on with any lenders, please do share.
Navy Federal will do a lease buyout under their refinance program. They are offering a $200 bonus and 4.99%/60m 5.29%/72m. Not the easiest CU to join.
5 Likes
A post was merged into an existing topic: Spammers - [report them here]
Anyone have recommendations for credit unions in the Northeast that do not require any affiliations to join?
I just got pre-approved by Capital One at a rate of 6.35% for 60/72 months on either a new or used car. A couple of local credit unions have rates hovering around 6.99% for up to 60 months (US Alliance Financial), and 6.625% for up to 60 months (Homefield Credit Union).
I am hoping to be closer to 5%. I am not in a rush to buy, but these rates are insane right now.
EDIT: DCU is at 6.74% for up to 65 months. Yikes.
Why are affiliations an issue? Many credit unions have back door’s to entry such as joining the American Consumer Council or some such organization. Have to research the particular credit union in question to ultimately find out if there’s a way in.
1 Like
I’m in the same boat. I don’t know if I wanna drop $25k on this Bolt but 7% interest on a car is stupid. I haven’t found anything remotely competitive yet.
1 Like
I am not opposed to joining via affiliation. I am a member of 3 credit unions (Penfed, Homefield CU, and US Alliance). I am just trying to find a CU with the best rate right now, if that is even possible.
Here’s Penfed rate right now. Everyone seems to be in the mid to high 6s.
they all kind of suck at the moment. best rates on the market right now are special promotions from the car manufacturers themselves.
2 Likes
Other than Navy Federal, USSFCU has decent rates for this market;
Some other option in NY and NJ for residents but that won’t help here.
2 Likes
I just got 5.49%/72 used from RVA CU. Join ACC, but I somehow joined without even joining ACC. But you need to hit the right person because one rep did not quote me without running my credit. I called right back and got everything sorted out in 2 days.
7 Likes
Any recommendations for an Illinois credit union?
Did RVA require POI or was it stated income?
Stated income, I think.
What’s best credit union right now for CA without specific requirements to apply for loan?
Hey all, does anyone have a suggestion for a CU or bank for an auto-refinance that isn’t insane? I couldn’t imagine it would be so hard to refi a loan that a top-tier auto financing company already approved me for and disbursed.
Credit score is well above top-tier by any metric, plenty of closed lease accounts in good standing, BMWFS approved my current loan (which I am attempting to refi) instantly, no manual underwriting required, but now when trying to refi you’d think I was a 500 with a repo, no CU seems to want to touch me (I’ve tried NFCU, DCU, and one other thats acronym escapes me)
What rate are you trying to beat with BMWFS?
Edit: what term as well?
It’s a bad rate, I took it last year when my score was temporarily lower than usual because BMWFS instantly approved me. For the time being, I’ve been making double the monthly payment to keep the interest low, but would like to refi if I can, if not, I’ll just keep making double payments or payoff large chunks to avoid the interest.
It’s not a BMW so it wasn’t a subvented rate
I’d be fine with 6.5-7.5 to refi, I’m still going to make extra/early payments, I just like the flexibility.
I believe you can get close to 5% on 36m. What term are you looking at?
48 would be fine, again, my issue is finding someone who will approve me, because for whatever reason that seems to be a problem on refi.