topic Re: Need advice regarding refinance in Auto Loans

Need advice regarding refinance

changeworthy — Thu, 18 Jun 2015 14:11:27 GMT

I have 45 months left and owe a little more than $18,000 on a loan that's at 4.99%. I'd like to refinance as my scores are quite a bit higher than in 2013 when I took out the loan. I have no idea where to look for refinancing. It's currently with Wells Fargo Dealer Financing.

Any suggestions?

FICO scores: EQ: 725, TU: 745, EXP: 743.

Re: Need advice regarding refinance

TRC_WA — Thu, 18 Jun 2015 14:16:03 GMT

I hear DCU is good. NFCU if you are a member... or any other CU is a good place to start.

I'm in a similar boat... will be refinancing my 4.49% loan this fall once the Ch 13 derogs fall off my report and I meet the 700+ TU to get BECU's 1.99% rate. I also plan to look into DCU at that time.

Re: Need advice regarding refinance

changeworthy — Thu, 18 Jun 2015 14:20:32 GMT

Thank you for the response. I'm looking at the DCU website right now, and I'm confused as what to put down as the branch that's most convenient. Since I'm in Kansas, non of them are. Lol. Also, do you know if you have to be a member of DCU before you apply?

Re: Need advice regarding refinance

TRC_WA — Thu, 18 Jun 2015 14:22:40 GMT

@changeworthy wrote:
Thank you for the response. I'm looking at the DCU website right now, and I'm confused as what to put down as the branch that's most convenient. Since I'm in Kansas, non of them are. Lol. Also, do you know if you have to be a member of DCU before you apply?

Not sure. Best thing to do is call them. I believe they pull EQ and be prepared for a HP for membership and another HP for the car loan.

Re: Need advice regarding refinance

changeworthy — Thu, 18 Jun 2015 14:25:47 GMT

I'll do that. Thanks again, and good luck on your boat refinance.

Re: Need advice regarding refinance

TRC_WA — Thu, 18 Jun 2015 14:30:51 GMT

@changeworthy wrote:
I'll do that. Thanks again, and good luck on your boat refinance.

I had to think about that one for a minute...

I said I was in a similar boat as you... but it's a car I'm talking about. It's a 2015 Dodge Challenger... and at 4,400 or so lbs it can definitely be classified as a boat.

Still pretty fast though...

Re: Need advice regarding refinance

changeworthy — Thu, 18 Jun 2015 14:41:06 GMT

OMG. Off to get another cup of coffee! Good luck on the car refinance.