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@elzgarland wrote:Just a word of advice, when you refinance you are owed a refund on your GAP insurance. Go back to the dealership and pursue it, if not that is just money lost!
Are you sure?
What about the extended warranty that was purchased? Can that be transferred, when we refinance?
Is this a law for North Carolina?
I live in South Carolina and the GAP insurance is not transferable, I am not sure about the extended warranty. I'm sure the dealership could answer those questions for you. I refinanced my car after 6 months and got $500 back from the GAP insurance. Definitely something to check in to.
@casmith1980 wrote:YEAR OF VEHICLE: 2011MAKE: NissanMODEL: Murano LE AWD
AMOUNT OF LOAN: 49,000
TERM CONTRACTED: 72MOS
APR/LEASE RATE: 1.9%
MONTHLY PAYMENT: $731ANNUAL INCOME: $76500
MISCELLANEOUS COMMENTARY: I traded in my 2008 Maxima and was able to get my payment the same. The best part of the experience is realizing that my credit is finally good enough for good financing rates I finally feel like a big girl having my car loan in my name (not my husbands) LOL (And the dealership we went to was AMAZING. Second time we've purchased from them)
$50,000 for a Nissan Murano!? That is insane...
That car was worth, at best, $37K (assuming fully loaded ) the day you bought it. Thats almost $12,000 of negative equity in that loan. You NEED gap and an extended warranty because you might very well be upsidedown in that car for 6 years of the loan unless you plan on rolling that negative equity into yet another loan.
You feel like nothing has changed because your payment is the same. The reality is that you're paying for 2 cars and you don't own one of them. I hate to be cruel, but the sheer idea of that notion is insane.
But hey, if you love the car, drive it in health and enjoy...
@Kayo wrote:That car was worth, at best, $37K (assuming fully loaded ) yes, the vehicle is fully loaded the day you bought it yes, i understand depriciation, etc.. Thats almost $12,000 of negative equity in that loan the negative equity you assume includes GAP, extended warranties, etc. You NEED gap and an extended warranty because you might very well be upsidedown in that car for 6 years of the loan unless you plan on rolling that negative equity into yet another loan.
You feel like nothing has changed because your payment is the same. The reality is that you're paying for 2 cars and you don't own one of them. I hate to be cruel, but the sheer idea of that notion is insane.
But hey, if you love the car, drive it in health and enjoy...
These posts will most likely be deleted, so I may as well speak my piece. I personally don't understand how my car buying habits are even your concern. The point of this topic is for people to list their loan approvals as a celebration. It was an exciting event for me to be approved for a car loan after the mess I crawled out of. So, follow the rule most of our mothers taught us at a very young age "if you don't have anything nice to say, don't say anything at all".
@casmith1980 wrote:
@Kayo wrote:That car was worth, at best, $37K (assuming fully loaded ) yes, the vehicle is fully loaded the day you bought it yes, i understand depriciation, etc.. Thats almost $12,000 of negative equity in that loan the negative equity you assume includes GAP, extended warranties, etc. You NEED gap and an extended warranty because you might very well be upsidedown in that car for 6 years of the loan unless you plan on rolling that negative equity into yet another loan.
You feel like nothing has changed because your payment is the same. The reality is that you're paying for 2 cars and you don't own one of them. I hate to be cruel, but the sheer idea of that notion is insane.
But hey, if you love the car, drive it in health and enjoy...
These posts will most likely be deleted, so I may as well speak my piece. I personally don't understand how my car buying habits are even your concern. The point of this topic is for people to list their loan approvals as a celebration. It was an exciting event for me to be approved for a car loan after the mess I crawled out of. So, follow the rule most of our mothers taught us at a very young age "if you don't have anything nice to say, don't say anything at all".
Casmith: I'd be pretty peeved if somebody said crap to me about my new car, too. Just let it roll off your back.
Everyone has had their say. Time to move on to the next topic.
APPROVING BANK: USAA
BUREAU PULLED: No Idea
CREDIT SCORE: EX:705, EQ:700: TR:705
CUSTOMER STATE OF RESIDENCE:
Florida NEW/USED: Used
YEAR OF VEHICLE: 2008
MAKE: Honda
MODEL: Civic
MILEAGE: 40000
RETAIL/LEASE: Retail
AMOUNT OF LOAN: 15,000
TERM CONTRACTED: 46 Months
APR/LEASE RATE: 4.25
MONTHLY PAYMENT: 353
ANNUAL INCOME: 36,000
MISCELLANEOUS COMMENTARY: Carried over 3k from pervious car (07 mustang, what a gas hog). I work at Carmax so I was able to get this car for 11k with the employee discount. Plan on paying it off sooner than 46 months. This is my 3rd auto loan with usaa (Im only 22