Toyota Financial- credit score 604 and 624- 12.5% APR
11-14-2012 03:11 PM
We bought a new van from Toyota. My former Chrysler had a serious issue with the brakes and we had been ping-ponging back and forth with corporate. Not worth my family's safety. Bought a Toyota. With credit scores of 604 and 624 we fell in "tier 7" to be financed at 12.5%. Our payment is $674. HIGH!!! (Of course, we made the choice...so please no one be ugly)...with our scores, should we press our luck to have it refinanced like at our local credit union? Toyota runs a deal that in 12 months, we can trade in our van and get tier 4 automatic financing for 2.9% after 12 successful payments. Should we wait our year out or refi? Anyone have a recommendation who to refi with? Anything would be appreciated.