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Auto Loan Refi Question

Established Contributor

Auto Loan Refi Question

Is there a bank in existance in anyones opinion who could refi a 2011 Nissan Rogue SL that has a LTV of 120% and do better than 7.99%.


I currently have this car financed thru PSECU with a 7.99% rate for 84 months. The short story is my wife bought her first car and got ripped off, so she needed

a new car and we had to carry the negative equity to the new loan.


Currently the rate is 7.99%. Payment is $589.06. Credit score is about 750. Any ideas?


Message 1 of 7
New Member

Re: Auto Loan Refi Question

If you can qualify for membership, 1.9% with that credit score, no matter the year or make. Good luck!! 

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Message 2 of 7
Established Contributor

Re: Auto Loan Refi Question

Her Grandpa is a member there I think. He lives in Texas. Do you know what their LTV requirement is? This is the main issue. We have a 120% LTV in the vehicle currently.

Message 3 of 7
Established Contributor

Re: Auto Loan Refi Question

Do you know how they are about asking of paystubs, are they doc friendly or do they ask for everything?

Message 4 of 7
Established Contributor

Re: Auto Loan Refi Question

How are they on asking for docs? Paystubs and that?
Message 5 of 7

Re: Auto Loan Refi Question

I think most everyone will ask for paystubs for auto loans assuming you're W-2 employed.  I'd be awfully surprised if they didn't  these days.


Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 697, TU 4 741, EX 2 735, EQ 8 729, TU 8 713, EX 8 732 (6/29/18)
Goal Score:    EQ 5 700, TU 4 700, EX 2 700, EQ 8 740, TU 8 720, EX 8 740 (01/01/19)

Take the myFICO Fitness Challenge
Message 6 of 7
Established Contributor

Just a Thanks!

Just a thanks to AusTex. We applied for the loan with RBFCU and were approved. We did not get the 1.9% but instead got 2.4% on the refi which was fine with me.

Going from 7.99% to 2.40% is great in my book.  Thanks and kudos for the great tip. We cut 8 months off our previous loan and saved $30.00 a month.



Message 7 of 7