topic Re: NFCU Refinance Approval! in Auto Loans

NFCU Refinance Approval!

wantitgone — Thu, 29 Apr 2021 14:40:28 GMT

My previous loan was through Carvana (serviced by Bridgecrest), just shy of 20k with an APR of 11.57% for 72 months. I got this loan in October 2019, a few months after my bankruptcy was discharged in July 2019.

NFCU just approved me for 16.7k with an APR of 4.79% for 48 months. I only had 54 months left on my current loan, so my payments remain around the same, but will save a lot of interest and pay off sooner! (I plan to make biweekly payments as well.) It is a 2016 Mazda CX-5 with just shy of 70k miles on it.

I was so worried they wouldn't approve me, so I'm thrilled! They pulled TU, I don't know the score & haven't seen anything telling me what it was, but my auto loan score on TU from 04/02/2021 is 727. And my annual gross income is 40k.

Re: NFCU Refinance Approval!

Loquat — Thu, 29 Apr 2021 17:19:22 GMT

Very nice! You cut your rate by more than half. That is some nice savings there. Happy to read that NFCU was able to take care of you. Enjoy the savings!!!

Re: NFCU Refinance Approval!

wantitgone — Fri, 30 Apr 2021 11:16:35 GMT

@Loquat Thank you! I calculated it and with just paying on schedule, no extra, I'm saving over $9k in interest. Terrific indeed

Re: NFCU Refinance Approval!

mthurman — Sun, 17 Oct 2021 18:26:19 GMT

Nice!! I'm looking to refinance my truck as well. Leaning towards NFCU, but I'm going to look into USAA as well.

Re: NFCU Refinance Approval!

Rebuild2019 — Sun, 17 Oct 2021 18:28:25 GMT

Congratulations 🎊🎈🎉 on your approval.

Re: NFCU Refinance Approval!

Loquat — Mon, 18 Oct 2021 02:33:37 GMT

@mthurman wrote:
Nice!! I'm looking to refinance my truck as well. Leaning towards NFCU, but I'm going to look into USAA as well.

I don't think you can go wrong with either. Here's to you being able to cut rate and put the savings back into your pocket.