Question about refinancing

[bsal]

I just got approved for 5.2% through carmax financing 66 months I think I can get a better rate when I refy my question how long do I have to wait before I can refinance for a better rate with DCU , PENFED OR NFCU

[Gmood1]

You may be able to get your own financing now. Doesn't make sense to buy a car through the dealership knowing you can get a better rate from the start..I hate to see people allow themselves to be taken advantage of. The truth is you could be sitting as low as 1.74% on the length of that loan. That's a substantial savings over the life of the loan.

[bsal]

Gmood do you know the difference between your auto fico score and your regular fico 8 score ? Because you keep saying I got ripped off and I don't even know what actual scores were pulled on my credit until I get what scores were pulled you can't say I got ripped off?

[Gmood1]

Do you understand when you go through the dealer. They can tack on to your original rate. They make money off this as well as when you buy gap or extra warranties. You can get an extra 100,000 mile warranty bumper to bumper thru PenFed for around $1000. That's on top of what originally comes from the manufacturer. Do not purchase any extra products from the dealer.

[mariposa7678]

penfed for used car is giving 2.99%, they are giving 1.74% only for new car

[bsal]

Well how long do you typically have to wait before you refinance if I just brought the car 2 weeks ago

[Gmood1]

If the vehicle is two years or newer, you get the new car rate.

[Gmood1]

Let the first statement cut then go refinance.

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@bsal wrote:
Well how long do you typically have to wait before you refinance if I just brought the car 2 weeks ago

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[mariposa7678]

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@Gmood1 wrote:

If the vehicle is two years or newer, you get the new car rate.

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Thanks, Penfed dont like me then

[bsal]

The car is a 2013