I applied for auto loan refinance with DCU. I was approved for 3.24% for 48 months or 2.74% if I bank with them. Not sure if i am going to take their offer but thought to share my approval.
@Loquat wrote: Congrats on the refinance approval. If you don't mind me asking, what is your current rate on your auto loan? I 2.74 and 3.24 are decent rates.
Also, what is the current terms of your auto loan?
Currently my loan is withe PenFed 3.89% for 60 months. I have 52 payments remaining. I bank with PenFed and they gave me the Pathfinder card at no annual fee. They also give me .50% extra cash back on my Cash rewards card. PenFed has treated me good don't feel like leaving them unless it was approved for 1.99%+ the 0.50% discount.
Very nice. I’ve financed several vehicles with PenFed and will probably be doing so again really soon. I do appreciate their straightforward approach to auto loans and being as though I don’t care for Santander which is the captive for Chrysler, I’m almost certain to go with PenFed again.
@Loquat wrote: Very nice. I’ve financed several vehicles with PenFed and will probably be doing so again really soon. I do appreciate their straightforward approach to auto loans and being as though I don’t care for Santander which is the captive for Chrysler, I’m almost certain to go with PenFed again.
Penfed is awesome. Original loan was with Capital one for 72 months. I refinanced with Penfed when 60 payments were remaining so i kept the terms same. Gap insurance is way cheaper with credit unions also.
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