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Auto Refinance Tier 2 or Tier 3 Rate ?

Mdowning30
Regular Contributor

Auto Refinance Tier 2 or Tier 3 Rate ?

I will be re financing my car soon from Capital One to either Bank Of America or local credit union, my current Auto scores are roughly 620-630.

(CLOSED) Capital One Platinum Secured (5/2021): $300 | Chase Freedom Unlimited (1/2022): $500 | Discover It Chrome (5/2022): $2000 | Charles Schwab Investor Card AmEx (5/2022): $6000 | Chase Sapphire Preferred (6/2022): $5000
Total Credit Limit : $13800
As of 4/2022: Experian FICO 8 : 657 | Experian Vantage : 690 | Equifax FICO 8 : 622 | MyEquifax : 630 | TransUnion FICO 8 : 650 | TransUnion Vantage : 674
Starting Score: 512
Current Score: 657
Goal Score: 670+

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4 REPLIES 4
Cowboys4Life
Regular Contributor

Re: Auto Refinance Tier 2 or Tier 3 Rate ?


@Mdowning30 wrote:

I will be re financing my car soon from Capital One to either Bank Of America or local credit union, my current Auto scores are roughly 620-630.


That would be Tier 3 credit.

Message 2 of 5
Mdowning30
Regular Contributor

Re: Auto Refinance Tier 2 or Tier 3 Rate ?

So around 5-7% APR ?

(CLOSED) Capital One Platinum Secured (5/2021): $300 | Chase Freedom Unlimited (1/2022): $500 | Discover It Chrome (5/2022): $2000 | Charles Schwab Investor Card AmEx (5/2022): $6000 | Chase Sapphire Preferred (6/2022): $5000
Total Credit Limit : $13800
As of 4/2022: Experian FICO 8 : 657 | Experian Vantage : 690 | Equifax FICO 8 : 622 | MyEquifax : 630 | TransUnion FICO 8 : 650 | TransUnion Vantage : 674
Starting Score: 512
Current Score: 657
Goal Score: 670+

Take the myFICO Fitness Challenge
Message 3 of 5
Cowboys4Life
Regular Contributor

Re: Auto Refinance Tier 2 or Tier 3 Rate ?


@Mdowning30 wrote:

So around 5-7% APR ?


More like 7-12%

Message 4 of 5
Jnbmom
Community Leader
Super Contributor

Re: Auto Refinance Tier 2 or Tier 3 Rate ?


@Mdowning30 wrote:

So around 5-7% APR ?


It would be higher than that 

EXP 778 TU790 EQ 752
Message 5 of 5
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