Hatteroo

iTrader: (25)

well im considering to refi my car if its worth it and if i can get my interest rate lower and overall cost lower of course...i bought my 01 RS for $11,996 last march with an 8.95% interest rate (no co-signer, just myself) when i was 19 with little credit, but no bad credit thankfully and my score at the time was around 730+/- . My credit has only gone up, I havent missed any payments or screwed up anything between a couple of my cards and my car loan. Even if the refi is only for a few hundred dollars I think I'll go for it so i can save what i can plus...carmax (i got the loan through the dealer) didnt have gap insurance and neither does AAA, but a local credit union (Travis Credit Union) offers it and I was going to call them up for details. For those who have refi'd their car please let me know how it went, how the process was, and how long it took overall.

ps - i owe $4150 left on my car...the loan was originally for 36mo but is getting paid off faster and faster from what i can see lol oh and my payment each month is $222.68

subie OCD

iTrader: (11)

I dont know your credit history, but Im sure you can do better than 8%.

Check out this place, its got tons of info.

http://www.fatwallet.com/c/52/

I got a loan through provident credit union in march 2004 for 60 months @ 4%. I always check when I go in, and I think they are around 5.5-6% right now since rates are rising.

Hatteroo

iTrader: (25)

thanks man...im going to call the credit union and find out and i was planning to get a loan through them later on for my STi and wanted to build some history with them too...my cards are pretty good, 3 total, 1 visa, 1 mastercard(subaru of course ), 1 chevron ive had my MC for less than a year I'd say, my chevron for almost a year...and my visa for 3yrs now and never had one blemish so im pretty sure i could get something better than 8.95% considering their rates for 36/48 mo are 5.58-15%
http://www.traviscu.org/main/rates/i...t_autoloan.asp

Kevin M

iTrader: (12)

Go and talk to TCU, VVCU (on Monte Vista in Vacaville), Golden 1, and any other vv/ff area credit unions I've forgotten about. Who is your current bank? That's the best place to start. However, you're not going to save more than a few bucks a month at this point unless you get a WAY low rate, like 3-4%. You've already paid down the principal so far that it may not really be worth a refi to simply lower your monthly payment... but that's beside the point, because you have enough equity to borrow against to almost pay for a complete swap.

Hatteroo

iTrader: (25)

haha i wish i could swap the car...id do an entire sti swap drive train and all with a GC body but thats waaaay too much $$$ invested for my liking lol
i figure whats the harm if i could lower it a little, its worth a shot...my current back is BofA and their rates are SH1TTY to begin with so i wouldnt consider them at all

Kevin M

iTrader: (12)

Swapping is probably cheaper than buying an STi when you factor in insurance.

Hatteroo

iTrader: (25)

definently...but stop putting thoughts in my head!!! i want an sti lol
id want the sti motor/tranny axles, etc on my car though thats the thing..and then the parts would cost 12-13k then labor for another 4-6k, and id only swap the car at LIC anyways

subie OCD

iTrader: (11)

hehe, I just changed ins companies yesterday, and in the contract there was a "no" box checked for "is the vehicle modified? if yes do not bind" lol

kuleinc

iTrader: (1)

My interest Rate is 15% through wells fargo credit union, I couldn't go through a dealer for my car, is there any way to make my $375 a month car payment go down? I've had the car since decemeber my first car payment was January 28th :-/

subie OCD

iTrader: (11)

ouch! 15% is not good, most any credit union or bank would be better. Do you have a bad credit history or were you bamboozled in the paperwork? Those are the only reasons I can see for it being that high.

kuleinc

iTrader: (1)

the other loan offered to me was at 18%, those were the only two companies that would finance me, I'm not sure why, maybe it is because this is my first credit besides a credit card I paid off, I dunno how my credit is... Any advice for getting a lower interest rate?