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New Member
Posts: 12
Registered: ‎03-16-2012
0

Has anyone here ever....?

I purchased a car 2 years ago and took a bad apr 22.5% becuse of no history. I owe 9k and the car is worth 7.5k trade in value. My question is has anyone ever gone back to the place where they recieved a bad loan and were able to negotiate a more resonable rate on another loan from them.

 

To make it short and sweet i was to trade in my current car, roll over the -1.5k into a new loan while lowering my apr to a more reasonable 5-6%. 2 years history, no baddies, all payment on time and 3 revolving account. 705 avg. score.

New Contributor
Posts: 72
Registered: ‎11-19-2012
0

Re: Has anyone here ever....?

With a 705 score you should be able to get 1.9 from a credit union..DCU offers it and its super easy.
New Member
Posts: 12
Registered: ‎03-16-2012
0

Re: Has anyone here ever....?

Thanks. I'm pretty sure I can get a low apr somewhere else but i'm trying to see if i can circumvent another HP by using the same lender. So i'd like to comtinue my relationship wit them. I just want to know if anyone had sucessfully done this.

Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
0

Re: Has anyone here ever....?

Your current lender is going to do a hard pull for the new loan...no way around that so it is better to take the hard pull from a better lender.
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