For those who have done refi or financed their cars through a credit union and have done so in the fairfield/vacaville area...please tell me which one, your expierence, and overall general satisfaction from the beginning to how it is currently....im trying to find a credit union to see how much i can refi my car for...01 RS $4150 is owed on the car, its just me with 8.95% financing on it for 36mo and just about paid off. also whats one of those sites where you enter info and the banks compete for u? thanks!

 

lendingtree is the site where the banks compete for you. I don't know how good or bad that is though.

 

ive had great service from travis credit union. when i was trying to get my loan they tried every possible way to get me approved. Since i didnt have any credit back then it was kind of had to get a approved for $13,000. The lady worked at if for an hour and a half and got me the loan with a 4% interest.

 

damn dude
well i think ill head on over to travis and see how it goes then
shouldnt be too bad with only 4k owed and 36mo is the lowest i probably can go

 

that has to be a rare occation.

 

I've had two car loans through Travis CU. No complaints.

 

you're down to $4150 and you want to refi?

What was your original loan amount?

When did you originally get the loan?

Chances are you have paid a lot of your interest as less principle is being paid and more interest is being paid when you first get your loan.

If you refinance your car you're gonna start all over...

 

i actually owe 4600...i got it to 7.14% for the refi...i just wanted to start over with a credit union i wanted to go for when i get my sti loan and have some history with them

 

nevAr deal with GOLDEN 1NE!
they sux like darrell and html.


we had my wife's car financed thru them and had two bank accounts (main checking & savings) and we got rid of them ALL!
fees suck, customer service is aweful!
if you are lucky enough, a cool teller will give you the inside scoop on how much they suck!
(it's pretty bad when the people that work there tell you how much their company policies suck right there at the counter!)

steer clear of Golden One!

i've heard good things about Schools CU (my mom financed her Audi thru there and my sisters tahoe).

 

you decided to start over on your interest just to build history when you were down to pretty much mostly principle on your current loan?

 

He's not taking out equity, just moving the loan to a new bank with a lower rate.

 

right, but in the begining of a loan you are paying more interest and less principle

Towards the end you are paying more principal and less interest.

By refinancing he is back to square 1 and back to paying more interest and less principal.

 

If he keeps the same number of payments, doesn't borrow any extra, and gets a lower interest rate, how do you figure he's losing money?

 

you are starting to pay the interest all over again. After a few years of a loan payment, you have paid off most of the interest and your money is going more towards the principle

when you move over to a new bank, you start this process over again. After you have paid a few years of a loan to a bank, you are paying mostly the principle now

 

I say again... if his number opf payments stays the same, and his payment goes down... where is he losing money?