I'm 2 for 3 batting with NFCU. After my recent approvals for NFCU cashRewards and NavCheck, Friday night I decided to App for an auto loan with them. I've been wanting to refinance my Wells Fargo, 14.90% loan and figured a credit union would offer me something competitive. After submitting the application, I did not get an immediate decision. Next morning I received a text saying that the loan was still under review and asking me to call for additional information.
When I called, I was surprised to hear that NFCU was offering me 16% for a 4-year loan. Of course, I withdrew the loan request and will try again later. My goal is to lower my $540 car payment by $150-200 or refi at ~10%.
I'd appreciate any advice from anyone here with experience with NFCU car loans.
The NADA listed retail price is $21,825. My loan app was for $20K payable over 48 months.
@Remember0 wrote:What's NADA Retail on your car and how much do you currently owe on it?
Honestly, NFCU is just one financial institution. No need to be hung up on them. You could try maybe a local CU/bank?