@Anonymous wrote:
I recently purchased a car from a local Ford dealer in February and am financing through Ford Motor Company. They gave me a pretty stellar deal at 5% interest. However at some point, I would like to consider refinancing through DCU (if possible) because I've heard of people getting rates as low at 1.25%.
How long should I wait before attempting to take the plunge? My credit score is roughly 660's TU and EQ.
Congrats with getting in with DCU and the refi - I think the lowest current rate is 1.74% as shown on their site and I believe you need a 720 Equifax for that (older version too, not FICO 8 mine shows as 733 on DCU and 769 on Fico 8). I've got one loan taken out 12/2014 at 1.49% 60 month and a more recent one taken out 3/2016 at 1.99% 65 month (right after the rates went up and my score dipped for a single month to 718).
Either way, 5% FORD to 3% DCU is a pretty happy day !
