Auto Loan Refi Question

MrCredit · ‎11-13-2008

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?

PSECU Visa $20,000, PSECU LOC $20,000, BOA Amex $18,500,
Fidelity Rewards Amex $10,000, Fidelity Rewards Visa Sig $7,500
Citi Diamond Preferred MC $8,300, WF Plat $10,000, Chase Sapphire Preferred $19,000, Lowes $10,000 (For the life of me they wont go above this), Amazon CC $2,500, Kohls Charge $1,000

AusTex512 · ‎08-16-2012

If you can qualify for membership, RBFCU.org 1.9% with that credit score, no matter the year or make. Good luck!!

Zync NPSL, Chase Sapphire, CITI AA Plat, Disover More, BOA Accel Reward Amex, Cap 1 Plat

MrCredit · ‎11-13-2008

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.

PSECU Visa $20,000, PSECU LOC $20,000, BOA Amex $18,500,
Fidelity Rewards Amex $10,000, Fidelity Rewards Visa Sig $7,500
Citi Diamond Preferred MC $8,300, WF Plat $10,000, Chase Sapphire Preferred $19,000, Lowes $10,000 (For the life of me they wont go above this), Amazon CC $2,500, Kohls Charge $1,000

MrCredit · ‎11-13-2008

Do you know how they are about asking of paystubs, are they doc friendly or do they ask for everything?

PSECU Visa $20,000, PSECU LOC $20,000, BOA Amex $18,500,
Fidelity Rewards Amex $10,000, Fidelity Rewards Visa Sig $7,500
Citi Diamond Preferred MC $8,300, WF Plat $10,000, Chase Sapphire Preferred $19,000, Lowes $10,000 (For the life of me they wont go above this), Amazon CC $2,500, Kohls Charge $1,000

MrCredit · ‎11-13-2008

How are they on asking for docs? Paystubs and that?

PSECU Visa $20,000, PSECU LOC $20,000, BOA Amex $18,500,
Fidelity Rewards Amex $10,000, Fidelity Rewards Visa Sig $7,500
Citi Diamond Preferred MC $8,300, WF Plat $10,000, Chase Sapphire Preferred $19,000, Lowes $10,000 (For the life of me they wont go above this), Amazon CC $2,500, Kohls Charge $1,000

Revelate · ‎12-30-2011

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.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 648, Wally TU 673, EX 687 (06/15/13)
Goal Score: 680 in all three (01/01/14)

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MrCredit · ‎11-13-2008

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.

Cheers!

PSECU Visa $20,000, PSECU LOC $20,000, BOA Amex $18,500,
Fidelity Rewards Amex $10,000, Fidelity Rewards Visa Sig $7,500
Citi Diamond Preferred MC $8,300, WF Plat $10,000, Chase Sapphire Preferred $19,000, Lowes $10,000 (For the life of me they wont go above this), Amazon CC $2,500, Kohls Charge $1,000

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Just a Thanks!