cancel
Showing results for 
Search instead for 
Did you mean: 

Just refinanced my car loan!!!!!

tag
Anonymous
Not applicable

Just refinanced my car loan!!!!!

Started with payments of $621 @ 19.25%...just refinanced for $444 @ 6.39%!!!!!!  6.39% may seem high to you, but it's way better than 19.25%.....

Message 1 of 8
7 REPLIES 7
CreditCuriosity
Moderator Emeritus

Re: Just refinanced my car loan!!!!!

A heck of alot better rate than you had!  Big congrats to you!  That will save you a ton of cash!

Message 2 of 8
Anonymous
Not applicable

Re: Just refinanced my car loan!!!!!


@Anonymous wrote:

@Started with payments of $621 @ 19.25%...just refinanced for $444 @ 6.39%!!!!!!  6.39% may seem high to you, but it's way better than 19.25%.....


Nice.. 19.25% is a lousy rate so good job!!

Message 3 of 8
TRC_WA
Senior Contributor

Re: Just refinanced my car loan!!!!!

I'm paying $625 on a 4.49% loan... Smiley Wink  I plan to refi to 1.99% this fall with my home CU once my TU report is clear which should drop my payment to $500 or so.

 

Grats OP!

FICO8 current as of : ----- EQ: --- TU: --- EX: ---
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
Verizon Visa $6500 Amex Delta Platinum $10,000 Care Credit $12,000
NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - balance $31k/6.94%
Total CL: $45,000 --- Total CC UTI: --% --- AAoA: 5.5 years --- Income: $200k
Last app: 11-30-23
Message 4 of 8
Anonymous
Not applicable

Re: Just refinanced my car loan!!!!!

Awesome!  I am hoping to be able to refi my car loan as well this year, I have a 15.95 with a payment of $481, I would be thrilled to go to 6.39!!

Message 5 of 8
Anonymous
Not applicable

Re: Just refinanced my car loan!!!!!

Congrats! I currently have a $366 with 10.7% at my local CU. It just reported to my credit reports and I got a 50pt boast to 2 of them so far. Planning on refi in about 6 months. I hope I can get a rate like that! 

Message 6 of 8
surferchris
Valued Contributor

Re: Just refinanced my car loan!!!!!

Congrats!

Current Cards:
AmEx Hilton Honors Surpass//AmEx Platinum Card//Ann Taylor Rewards Mastercard//Capital One Platinum Card//Credit One AmEx//Credit One Platinum VISA//Fingerhut//Navy More Rewards AmEx//TruWest Platinum VISA//Aspire VISA//Costco Anywhere VISA//Lowes Advantage//Apple Card
Loans:
1 Mortgage/////Navy FCU Auto Loan (2020 Jaguar I-Pace)//Capital One Auto (2016 BMW i3)
Next Cards (4th QTR 2022):
Navy Flagship Rewards VISA//Chase Sapphire Preferred
Stats:
Scores: 700's // Inq's: 1 for mortgage // Util: 1% // AoOA: 21 yrs

Message 7 of 8
04Cobra
Frequent Contributor

Re: Just refinanced my car loan!!!!!


@Anonymous wrote:

@Started with payments of $621 @ 19.25%...just refinanced for $444 @ 6.39%!!!!!!  6.39% may seem high to you, but it's way better than 19.25%.....


That's what I'm talking about. More cash flow in your pocket instantly. Great job!

Discover $21k | Venture $20k | Quicksilver $15k | NICU Rewards MC $13.5k | Costco $14.5k | Citi Costco $12.5k | Chase Sapphire Reserve $10k | Barclay Apple $9.6k | Best Buy MC $10k | Merrick Bank Visa (formerly Hooters) $2.6k |
Message 8 of 8
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.