08-16-2012 05:43 AM
Is there a bank in existance in anyones opinion who could refi a 2011 Nissan Rogue SL that has a LTV of 120% and do better than 7.99%.
I currently have this car financed thru PSECU with a 7.99% rate for 84 months. The short story is my wife bought her first car and got ripped off, so she needed
a new car and we had to carry the negative equity to the new loan.
Currently the rate is 7.99%. Payment is $589.06. Credit score is about 750. Any ideas?
08-16-2012 05:46 AM
If you can qualify for membership, RBFCU.org 1.9% with that credit score, no matter the year or make. Good luck!!
08-16-2012 06:03 AM
Her Grandpa is a member there I think. He lives in Texas. Do you know what their LTV requirement is? This is the main issue. We have a 120% LTV in the vehicle currently.
08-16-2012 06:30 AM
Do you know how they are about asking of paystubs, are they doc friendly or do they ask for everything?
08-16-2012 07:08 AM
08-18-2012 11:22 PM
I think most everyone will ask for paystubs for auto loans assuming you're W-2 employed. I'd be awfully surprised if they didn't these days.
08-30-2012 11:44 PM
Just a thanks to AusTex. We applied for the loan with RBFCU and were approved. We did not get the 1.9% but instead got 2.4% on the refi which was fine with me.
Going from 7.99% to 2.40% is great in my book. Thanks and kudos for the great tip. We cut 8 months off our previous loan and saved $30.00 a month.
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