https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6147873#M92991 <P>I bought a 2016 Mazda CX-3 in late August 2017, a trade-in at a Tucson Honda dealer with only 18k miles. They were asking $18,500 when I first looked at it &amp; test drove it in early August and wouldn't take my offer of $17,500 so I walked away. I kept watching it online, they lowered the price to $18k a week or so later and then when they lowered it down to $17,500 I drove back in and got it for $17k with a pre-approved loan from DCU, which ticked off the finance guy - I didn't mention my pre-approved loan until after I got the price I wanted and got to finance. <img id="smileywink" class="emoticon emoticon-smileywink" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-wink.gif" alt="Smiley Wink" title="Smiley Wink" /></P><P>&nbsp;</P><P>I love the car, and it now only has 50k miles as I'm single and drive my 2003 Kia Sorento SUV (bought new) to work &amp; errands, saving the miles on the Mazda as it's a keeper. Well, last week my local credit union, Vantage West, emailed me a "sale" on car loans "as low as 1.99%". It took a little haggering but I refi'd the 2016 Mazda loan for 51 months at 2.49%. And they valued the Mazda at $16k, only $1k less than I paid for it 3 years ago, so they agreed to a loan amount of $10k.</P><P>The thing is I only owed DCU $7k. The payoff just posted today, DCU paid off the loan and posted the $3,017 'surplus' to my savings account. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /> My thinking? I'll take all the $$$$ they want to send my way at 2.49% for 4+ years, and it lowered my payment from $250 to $200. No shopping sprees, I do bank account bonuses.&nbsp;</P> Mon, 28 Sep 2020 19:21:52 GMT DaveInAZ 2020-09-28T19:21:52Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6147873#M92991 <P>I bought a 2016 Mazda CX-3 in late August 2017, a trade-in at a Tucson Honda dealer with only 18k miles. They were asking $18,500 when I first looked at it &amp; test drove it in early August and wouldn't take my offer of $17,500 so I walked away. I kept watching it online, they lowered the price to $18k a week or so later and then when they lowered it down to $17,500 I drove back in and got it for $17k with a pre-approved loan from DCU, which ticked off the finance guy - I didn't mention my pre-approved loan until after I got the price I wanted and got to finance. <img id="smileywink" class="emoticon emoticon-smileywink" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-wink.gif" alt="Smiley Wink" title="Smiley Wink" /></P><P>&nbsp;</P><P>I love the car, and it now only has 50k miles as I'm single and drive my 2003 Kia Sorento SUV (bought new) to work &amp; errands, saving the miles on the Mazda as it's a keeper. Well, last week my local credit union, Vantage West, emailed me a "sale" on car loans "as low as 1.99%". It took a little haggering but I refi'd the 2016 Mazda loan for 51 months at 2.49%. And they valued the Mazda at $16k, only $1k less than I paid for it 3 years ago, so they agreed to a loan amount of $10k.</P><P>The thing is I only owed DCU $7k. The payoff just posted today, DCU paid off the loan and posted the $3,017 'surplus' to my savings account. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /> My thinking? I'll take all the $$$$ they want to send my way at 2.49% for 4+ years, and it lowered my payment from $250 to $200. No shopping sprees, I do bank account bonuses.&nbsp;</P> Mon, 28 Sep 2020 19:21:52 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6147873#M92991 DaveInAZ 2020-09-28T19:21:52Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6147928#M92997 <P>Congrats on the refi!!! It pays to be credit savvy!!!</P><P><BR /><img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></P> Mon, 28 Sep 2020 20:10:35 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6147928#M92997 blindambition 2020-09-28T20:10:35Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148282#M93012 <P>Congratulations on your success! Thank you for sharing the information.</P> Tue, 29 Sep 2020 02:52:23 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148282#M93012 AllZero 2020-09-29T02:52:23Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148287#M93013 <P>Congrats, nicely done! <SPAN class="emoji">🤑</SPAN></P> Tue, 29 Sep 2020 02:59:46 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148287#M93013 CYBERSAM 2020-09-29T02:59:46Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148332#M93015 <P>Very nice!</P> Tue, 29 Sep 2020 04:30:06 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148332#M93015 OmarGB9 2020-09-29T04:30:06Z https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148416#M93019 <P>Savy and a wise one you are,&nbsp; says the Jedi Master!</P><P>&nbsp;</P><P>Congratulations on the very nice approvals👍😎</P> Tue, 29 Sep 2020 12:20:17 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-a-Refi-from-DCU/m-p/6148416#M93019 Credit4Growth 2020-09-29T12:20:17Z