About to purchase- Finance questions
Hey all, I have a downpayment on a new travel trailer and just sold my pop up last night. Thursday I will go to sign papers. They were touting 4.99% finance rates until I got the deal. Then it ju...
Forum Discussion
Good news and bad news.
I called the local credit union that our Local Electricians support. They can do 4.49% for 6 years and knock another .25% off for auto payment (which I do on everything). So... 4.24%.
My score through her was 710. I get another .25% savings if my score was 720+. Well, my old car loan is still shown as open which is why my score is so low. I told her it was not open and that I should be eligible for another .25% because it is incorrect and I can show them the car payoff stuff from when I got the new car. She didn't seem too receptive to that.
Either rate, .25% at that loan is only $100 difference in interest paid over the life of the loan which is minimal. I will pick up about $800 over the life of the loan in interest savings vs what the dealers bank offered me. I may refinance when the car note is off and pick up another couple dollar savings.
I called the local credit union that our Local Electricians support. They can do 4.49% for 6 years and knock another .25% off for auto payment (which I do on everything). So... 4.24%.
My score through her was 710. I get another .25% savings if my score was 720+. Well, my old car loan is still shown as open which is why my score is so low. I told her it was not open and that I should be eligible for another .25% because it is incorrect and I can show them the car payoff stuff from when I got the new car. She didn't seem too receptive to that.
Either rate, .25% at that loan is only $100 difference in interest paid over the life of the loan which is minimal. I will pick up about $800 over the life of the loan in interest savings vs what the dealers bank offered me. I may refinance when the car note is off and pick up another couple dollar savings.
