topic Re: LOL @ CU refi offer in Auto Loans

LOL @ CU refi offer

CreditCuriosity — Tue, 05 May 2015 21:06:26 GMT

So got a OP in/out snail mail from a local CU in town, they must of pulled my old car loan that I no longer have and they knew my current interest rate on it was 10.88% apr or something, they were so generous and offered me due to my good credit a 8.18 apr%... LOL, shows you CU's can be greedy as well and just hope you byte for better then what you have... My new Lexus is @ 3% apr%.. CU can be scummy as well, granted they would of saved me money if I had the same car and loan, but they certainly weren't giving me the best rate they could, just wanting a piece of the interest at a hefty rate as well.. I know one CU that I will never do business in town with cause of that sleezy tactic.

Re: LOL @ CU refi offer

Anonymous — Wed, 06 May 2015 06:22:56 GMT

It is likely that they would offer a better rate with an official look at your credit and income.

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 12:47:38 GMT

@Anonymous wrote:
It is likely that they would offer a better rate with an official look at your credit and income.

Could be, just took it as an insult as they simply got a sp from my credit somehow and figured as I stated they wanted a piece of the pie and asve me a wopping 2.5$ or whatever... It just appears to think they thought I was uneducated about my current credit which most people probably are.. Just seems like they were trying to help out and yet take advantage (make the most profit they can) at the same time.. As stated just from those tactics I would never consider this CU.. It is a local one, never ever even been on their website let alone applied for anything from them.

Re: LOL @ CU refi offer

Anonymous — Wed, 06 May 2015 16:51:37 GMT

My scores average 750 and I still get offers for secured credit cards and predatory loans. Most of those SP credit offers are very outdated, especially for people who like us, who go on forums to maximize their potential for obtaining credit. They offered you a better deal than what they *THOUGHT you had, trying to obtain your business.

I think you should not be so full of yourself. Every bank has to do marketing and they don't do a hard pull to check your amazing credit minute by minute.

And who cares anyways? If you have Good Credit your in control of the ship, not them. You don't like it throw the offer in trash. That is much better than coming online and trashing them about the CU "Appears to think you were uneducated about your current credit" These are businesses, and one who made you a better offer than what they thought you had. Give it a rest!

Re: LOL @ CU refi offer

Luscher — Wed, 06 May 2015 16:57:51 GMT

With any decent score you can get 0% at a dealer that is offering it or 1.49% at DCU. I always lough at these kind of offers. But I guess a lot of people just don't know and fall for it.

Re: LOL @ CU refi offer

Anonymous — Wed, 06 May 2015 17:01:00 GMT

Yeah, most of the general public just walk right into a dealership without knowing their credit score, or what current interest rates are. Just knowing they want a car and how much they think they can pay per month.

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 17:52:10 GMT

@Anonymous wrote:
My scores average 750 and I still get offers for secured credit cards and predatory loans. Most of those SP credit offers are very outdated, especially for people who like us, who go on forums to maximize their potential for obtaining credit. They offered you a better deal than what they *THOUGHT you had, trying to obtain your business.

I think you should not be so full of yourself. Every bank has to do marketing and they don't do a hard pull to check your amazing credit minute by minute.

And who cares anyways? If you have Good Credit your in control of the ship, not them. You don't like it throw the offer in trash. That is much better than coming online and trashing them about the CU "Appears to think you were uneducated about your current credit" These are businesses, and one who made you a better offer than what they thought you had. Give it a rest!

@Not full of myself, just not dumb either..I am probably one of the most honest people and down to earth people you know if you were to know me personally. Still preditory imo.. Also notice I didn't mention said CU as no real point if people find what works for them great and I agree they are a business anod who knows when that SP came from, but most CU even @ 620-640's will destroy that rate they provided. Anyways have a great day, just thought I would share it with others is all.

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 17:38:42 GMT

@Luscher wrote:
With any decent score you can get 0% at a dealer that is offering it or 1.49% at DCU. I always lough at these kind of offers. But I guess a lot of people just don't know and fall for it.

On a lease this cannot happen or would of gone through DCU on my current car.. Since it is a lease had to use lexus, but by knowing the money factor is how I can up with the 3% apr.. Not to bad on a RC 350 F Sport that has no promotional leases being offered at this time.

@I agree most cars can get 1.49% apr at DCU if you buy or all that is.. Dealerships probably not so much depending on the car.. Tier a++ on this car @ lexus would of been 3% as well, so DCU woud of been the route if I would of bought it. But due to my past mistakes that have since been fixed or mostly fixed I had to wrap my negative equity for the nice 10.88 percent loan into the lease.. This is the way I choose to get rid of 8k in negative equity over 36 months at a cheaper payment than I had and a more expensive car than what I had.. It worked for me. The more you know obviously is the more power you have.

Re: LOL @ CU refi offer

Luscher — Wed, 06 May 2015 17:54:12 GMT

Yupp^^^^ My first new car was a lease and I ended up buying it. Either way I am glad I leased a car, and I would do it again in the future even though a lot of people are against it.

BTW the new RCF is so NICE! how much are lease payments on them? I have been considering it, but have a feeling its going to be like 1,000,000 a month since its so new

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 18:34:22 GMT

@Luscher wrote:
Yupp^^^^ My first new car was a lease and I ended up buying it. Either way I am glad I leased a car, and I would do it again in the future even though a lot of people are against it.

BTW the new RCF is so NICE! how much are lease payments on them? I have been considering it, but have a feeling its going to be like 1,000,000 a month since its so new

Thanks.. Ya it is controversial to say the least on what I did, but IMO it is the best way to flush out negative equity... I LOVE the car, I have yet to see another one in Nashville imagine that, you just don't see them on the roads or least I haven't yet and the comment I get are daily and the looks I get also are daily lol.. Kinda weird, but whatever since I have really one of the only ones on the road at least where I live..

@Keep in mind I wrapped 8k negative equity in from my Infiniti into this lease.. The least is at 36 months as well so that negative equtity will be done when I walk away in another 33 months? I put 0 down and my payments are @928 month. So really not that bad considering my G37s Coupe was @ 935 a month @ 72 months @ 10.88 interest... I think I came out pretty dang good out of this deal.. Although it is a HIGH payment by anyones standard I still think I got a good deal to get out of a bad situation, obviously the Tier 1 financing helped alot to since I have turned my credit around. Hope this helps

Also as you stated since their is a shortage of them and such a new car they aren't doing any lease promos what-so-ever.. So best you can do is around 3% apr lease w/0 down for 720+ credit.

Re: LOL @ CU refi offer

Luscher — Wed, 06 May 2015 19:22:26 GMT

NO WAY! only 928 with 8k more into it, thats awesome, I was expected that much for a normal lease.

Re: LOL @ CU refi offer

Luscher — Wed, 06 May 2015 19:25:40 GMT

All the calculations I'm doing are putting me way of 1K a month.....IDK if I am doing it wrong, or if we are talking about two different variations of the RC lol

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 20:24:07 GMT

@Luscher wrote:
All the calculations I'm doing are putting me way of 1K a month.....IDK if I am doing it wrong, or if we are talking about two different variations of the RC lol

LOL we could be talking about two different iterations of the RC.. I have the RC 350 F Sport package fully loaded.. Think the purchase price without my negative equity rolled into it was 53,500 before tax and the negative stuff so around 60kish when all was said and done.. Pretty much every option known to man.. Then their is the beast which you might be referring to which is the RC-F which is the V-8 version vs. the V-6 version.. 310 horse power vs. 470ish horse power lol... Those start around 62kish I believe, but by time said and done you are probably closer to 70ishk or so... Look pretty much exact same between the RC 350 F sport and the RC-F, with exception of the engine and seats slightly differ along with a scoupe in the hood for the RC-F which the RC 350 Sport doesn't have.. Everything else I believe is pretty much the same.. Sorry if I confused you at all, but hopefully that clears it up. So net difference at least a 10k difference between the RC 350 F Sport and the RC-F in price... When I bought mine it was the only one on the lot.

Below is pictures of my exact car... Stock images, but same color, interior etc..

Re: LOL @ CU refi offer

Luscher — Wed, 06 May 2015 20:27:57 GMT

YEAH I was talking about the RC-F. I want that beast haha. Either way they are pretty much the same. Other then price

Re: LOL @ CU refi offer

CreditCuriosity — Wed, 06 May 2015 20:54:14 GMT

Ya the RC-F is a beast! 0-60 in like 4.x seconds I believe... honestly thank god they didn't have that on the lot or I would probably be driving that as well and my payments would be past the 1k+ mark... Same thing happened when I had my mercedes they had the regular CLK 550, of course they had the AMG right next to it.. Guess which one I ended up buying and having a car payment of 1200+ a month on... So probably a good thing the RC-F wasn't there

I have a nasty habbit with cars, that is why I made myself do a lease so I will be more inclinced to keep it for the term and not loose my arse on early trade=ins!

Re: LOL @ CU refi offer

04Cobra — Wed, 06 May 2015 22:18:58 GMT

Sweet car CC! Saw one last week on my way to work and had to do a double take. Almost got in an accident lol. Lexus nailed it.

Re: LOL @ CU refi offer

EddieK — Thu, 07 May 2015 00:47:57 GMT

@Anonymous wrote:
I think you should not be so full of yourself. Every bank has to do marketing and they don't do a hard pull to check your amazing credit minute by minute.

I'm not sure where in the original post he is making this out to be a "I'm better than this" argument. I thought it was funny, nothing more, nothing less. Now, if you want to read into things go ahead, but stop reaching for things that clearly aren't there.

Re: LOL @ CU refi offer

EddieK — Thu, 07 May 2015 01:01:57 GMT

@CreditCuriousity wrote:

I'm not a huge Lexus fan, but that interior is NICE!! I saw a bright orange RC F outside at a restaurant I was at early this year and it had to be one of the first ones they sold. They are definitely going after a much edgier look across their entire model line up.

Re: LOL @ CU refi offer

CreditCuriosity — Thu, 07 May 2015 01:57:02 GMT

@EddieK wrote:
@CreditCuriousity wrote:

I'm not a huge Lexus fan, but that interior is NICE!! I saw a bright orange RC F outside at a restaurant I was at early this year and it had to be one of the first ones they sold. They are definitely going after a much edgier look across their entire model line up.

I agree.. I actually think this is suppose to basically take the place of the ole Supra that toyota use to have, but put it under the Lexus badge..

Re: LOL @ CU refi offer

CreditCuriosity — Thu, 07 May 2015 01:57:33 GMT

@04Cobra wrote:
Sweet car CC! Saw one last week on my way to work and had to do a double take. Almost got in an accident lol. Lexus nailed it.

Thanks... I think they nailed it too.. sold me lol