The 3.5% might be hard to beat as interest rates are rising. Penfed may be a little lower depending on the term. However in my experience all the CUs require the $500 deductible on your insurance.
Hello. Can anyone recommend a bank with a low interest car refinance rate? I’m currently paying 3.5% at my local credit union but they make me keep a $500 deductible on my car insurance which I don’t want. I have 750 credit scores. I’m a member of DCU but I see their rates are currently at 3.74% so I was seeing if anyone had other suggestions. Thanks!
In my experience almost all lenders will require that you carry comprehenisve insurance with a low deductable in order to protect their lein/security interest in the vehicle. In much the same way, most mortgage lenders require that you have homeowners insurance.