This incident I am about to describe was just made known to me less than an hour ago so I'm still quite peeved. I am really looking for some advice guys, it's quite astonishing how much I'm depending on my MyFico forum people to help me out 
Capital One Auto Navigator pre-qual app was done 2/20.
I played with number and cars (almost always using the VIN for accurate numbers).
Go car shopping Saturday. Cap 1 came back with a 6.44% APR as opposed to the 5.76% I saw on my screen thru the auto navigator. I shrugged my shoulders because it was almost 9pm and I just wanted to get out of there and figured heck, I'm at 13.99% with Ally right now for a 2011 Ford Fiesta and I'm walking out today with a 2016 Toyota Corolla with no DP, so I couldn't complain.
That's the issue. No DP. Had I put in just a $120 DP, I would have walked away with a 5.76% APR saving me AT LEAST $670 thru the life of the loan (might not seem much to some but to me it's def worth it because I was already going to round up my payments and pay twice a month instead of once).
So, I confirmed that the DP is what would have caused the higher APR with a Cap1 rep over the phone Monday night. When I called on Tues., the loan officer I worked with wasn't there. Explained the situation to two people (salesman and the CS manager). Today, after making an appt yesterday, I go in to see him. He tells me they can't do anything because it's a new month and they've mailed off payments for my title, etc etc already.
He proceeds to tell me that he didn't end up processing it with Cap 1, he pushed it thru with PNC. (**bleep**!!!!) States PNC offered me 6.14% (which yes, is lower than Cap1's original 6.44%) but here are my issues
1) it shouldn't have been 6.44% had I put the DP like I kept telling them I wanted to put down which they negated as being too small of an amount to "make a difference"
2) I didn't ask for my credit to be ran with PNC
3) I signed off with Cap1 on my paperwork on Saturday!
The loan officer tells me I can attempt to re-fi with Cap1 -_-
Says it would appear good on the CRA reports if it got re-fi'd because it would show as another (I've paid off other car loans) car loan paid off. "Build [my] credit score" states the stupid loan rep.
UGH! My question is, should or shouldn't I attempt to re-fi with Cap1? Obviously I'll be a HP.
I'm on the verge of tears guys.
Capital One Auto Navigator pre-qual app was done 2/20.
I played with number and cars (almost always using the VIN for accurate numbers).
Go car shopping Saturday. Cap 1 came back with a 6.44% APR as opposed to the 5.76% I saw on my screen thru the auto navigator. I shrugged my shoulders because it was almost 9pm and I just wanted to get out of there and figured heck, I'm at 13.99% with Ally right now for a 2011 Ford Fiesta and I'm walking out today with a 2016 Toyota Corolla with no DP, so I couldn't complain.
That's the issue. No DP. Had I put in just a $120 DP, I would have walked away with a 5.76% APR saving me AT LEAST $670 thru the life of the loan (might not seem much to some but to me it's def worth it because I was already going to round up my payments and pay twice a month instead of once).
So, I confirmed that the DP is what would have caused the higher APR with a Cap1 rep over the phone Monday night. When I called on Tues., the loan officer I worked with wasn't there. Explained the situation to two people (salesman and the CS manager). Today, after making an appt yesterday, I go in to see him. He tells me they can't do anything because it's a new month and they've mailed off payments for my title, etc etc already.
He proceeds to tell me that he didn't end up processing it with Cap 1, he pushed it thru with PNC. (**bleep**!!!!) States PNC offered me 6.14% (which yes, is lower than Cap1's original 6.44%) but here are my issues
1) it shouldn't have been 6.44% had I put the DP like I kept telling them I wanted to put down which they negated as being too small of an amount to "make a difference"
2) I didn't ask for my credit to be ran with PNC
3) I signed off with Cap1 on my paperwork on Saturday!
The loan officer tells me I can attempt to re-fi with Cap1 -_-
Says it would appear good on the CRA reports if it got re-fi'd because it would show as another (I've paid off other car loans) car loan paid off. "Build [my] credit score" states the stupid loan rep.
UGH! My question is, should or shouldn't I attempt to re-fi with Cap1? Obviously I'll be a HP.
I'm on the verge of tears guys.
