@bsal wrote:
@I don't know what DTV is I'm sorry but my prior auto loan witch was first with navy fed in 2009 (7.99) before I refinanced with penfed @ 3.99%
I have a few paid lates from 2013 but all paid off now
My current utilization is .06% I have 1 cap1 credit card with a 1k limit and I had a closed navy fed flagship card for 20k but it was closed but I paid them off fully
My current scors now are 679 equifax 684 trans and 673 ex looking to refinance with dcu for 2.49 but they use the equifax common mortgage score mine were 631 when I checked couple weeks ago
I cetainly don't have a direct link to DCU's underwriting department, but I think if your only current credit referance is a $1000 CL Cap-1 card and a "few lates from 2013" you are not going to be successful getting refinanced for a $40,000 plus used car note right away. Of course your auto loan history will help, but if they take a detailed look I'm not sure they'll like the fact that the NFCU card was "closed by lender".
Bottom line is that you got the car of your dreams at an okay APR, not great, but not that bad considering your limited credit profile - perhaps in 6 months or a year you'll have a better shot through DCU, but right now I don't think I'd waste the hard pull for a quick refi.
BTW, the A8 L is a very sweet ride, sure hope its still under warranty because out of pocket repairs on that sweet ride are brutal.
