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2nd auto loan post BK13 DC

Jlgab345
Established Contributor

2nd auto loan post BK13 DC

Just closed on my 2nd auto loan post BK 13 DC in March 2017. First was a 2016 E550 Benz Cabriolet for $40k from Cap One at 4.95%, which I refi thru PenFed at 3.75% after 1 mo. Total purchase was $63K, so I had a large downpayment.

This weekend closed on loaded 2014 Audi A8L a 2.99% $40k loan with my employer CU. Was a $53K total price, so again had a decent down payment. The dealer couldn't believe I got that interest rate on a 2014 model. Even in their highest tier score the rate would have been 3.5% with them.

We have a college student that we gave our 8 year old car to and want to keep miles down on our 9 year old SUV that we use to tow our boat.

We've never had a true luxury car before. Both were steals at 90pct of NADA pre- downpayment. After going this route, I'll never buy new again. These are both cars we could never afford new.



RBFCU Premier $25K, Sam’s Club MC $25K, Citi Exec WEMC $34K, Alliant Signature $20K, SSFCU $20K, Cap1 Venture $20K, Employer CU LOC $20K, Navy GoRewards $18K, 2nd NFCU Plat $14.7K, Citi Simplicity $18.2K, PenFed Power Cash $10K, PenFed PLOC $10k, Navy Platinum $12.7K, SMG $10K, PenFed Promise $12K, Total Rewards $8.5K, Discover It $2.5K, Discover It $2K, Cap One QS1 $850, Overstock $32K
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