Auto refinance rates

[uscgbeachbum]

I've got a loan through Honda Financial at 7.99% and I'd like to see what refinance rates are out there. I've got about $11k and approx 50 months left on the loan. Current payment is $275. FICO scores are 820+. My sister works for a credit union and she was saying that with my credit scores she can get me rates of 5.05% and 5.14% for 36 months and 48 months, respectively. I'm finding it very difficult to compare these rates to any other lender since many don't publish their rates. I'm in the military if that makes any difference. I've called USAA (who I have all of my insurance, retirement accounts, etc through) and the best they told me I could get is just over 7%. I've gone into a few banks and they all want to run my credit before they even want to talk rates. I don't mind a higher payment, but I can't handle a refinance of less than 36 months since the payments start getting pretty high.

[MarvBear]

On behalf of CreditBoards Admin, MarvBear would like to extend a sincere and warm welcome to the Automotive Forum. We have an Automotive FAQ (Frequently Asked Questions) section that should prove to be very helpful in your automotive knowledge quest.In the Reading and Resource Section of this forum, which is a read only forum, you can look up information regarding Sales Tax by State, Lemon Laws by State, along with a number of industry specific topics very relevant from the dealership's perspective.In the main section of this forum, there are two pinned topics both of which are read only topics. The first concerns Bank and Credit Union rates and tiers. You might find this useful in predicting an interest rate on your next vehicle purchase. The second is a general purpose credit application that you can use to get an idea if you might qualify for an automotive product loan based on an insider's perspective of the information you provide.You, as a consumer, have a unique advantage to "pick my brain"as I have been in the Automotive Industry since 1972. I will endeavor my utmost to give you up to the minute information and explain any insider workings you may question.Due to time constraints on my part, I may not always be available to answer your question right away. Don't be discouraged, this is a very busy board. If some extended time goes by without a reply, feel free to reply to your own post by typing the word *bump*. This will *bump* your post back up to the top of the forum where it is more easily seen.We make every effort to maintain a warm and friendly, and particularly non-judgmental attitude here on CreditBoards. If you find someone is discourteous to you, use the REPORT button located at the bottom of every post-that will ensure that either I or another moderator or Admin looks at the post and decides if it is against our TOS.Off-topic posts should go in the General Forum. And if you are a credit newbie, take a glance at our Newbies Section.Come get your new keys!HAPPY MOTORINGCB Admin: LKH, Pam, radi8, breezeCB Mods: CargoJon, Chris in CA, cotterpin, CramItCCCAs, Cristy, fla-tan, hardpull, MarvBear, pryan67, psp, stealthmidget, Stryker, yourguide, ZeRo_C0oLForum Leads: Brian B The Loan Professor, cedski, DallasLoanGuy, four20nik, hoapres, hurricanesfans27, Lighthouse84, Linx04, Neen, orangecrush, Peekaboo, TeeSharice

[hektik02]

If I were you I would definetely try Navy Federal Credit Union (5% ish) and/or Pentagon Federal Credit Union (4.25%)

[MarvBear]

Yes, I believe credit unions would be a good place to start.

[lakbum]

Just thought I'd add that PenFed is now at 4.75...it's been going up steadily.