Jump to content

Sign in to follow this  
Genie

Which company to refinance auto loan with?

Recommended Posts

I’ve had my auto loan with Santander Consumer for 6+ months. I want to refinance like the dealer suggested to lower my payments. I pay $650 monthly and it’s $612 due every month.

 

I have to confirm this information but I think the apr is at 17.05% & CL is $27,292.08

 

Who should I refinance with?

Share this post


Link to post
Share on other sites

Have you done any research on Loan to Value?   Do you know your new prospective lender's way of calculating Loan To Value?

Share this post


Link to post
Share on other sites

Who you should refinance with is about as open-ended as it gets.  Sometimes a bank will be the best option and sometimes a CU will be the best option.  YMMV is NOT just a car-related thing...

Share this post


Link to post
Share on other sites

Try Capital One auto navigator , it's a soft pull,  as a starting point and look I to CUs from there. Depends heavily on LTV if you can refinance. 

Share this post


Link to post
Share on other sites
13 hours ago, Genie said:

I’ve had my auto loan with Santander Consumer for 6+ months. I want to refinance like the dealer suggested to lower my payments. I pay $650 monthly and it’s $612 due every month.

 

I have to confirm this information but I think the apr is at 17.05% & CL is $27,292.08

 

Who should I refinance with?

For future reference, this is a lie to get you to accept terms that aren't in your best interest (no pun intended).

 

DCU has a reputation for decent terms for less-then-decent credit.

 

Where are your scores today?  Is your credit better now than it was when you took this loan?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

  • Member Statistics

    • Total Members
      177,756
    • Most Online
      1,528

    Newest Member
    trulife2019
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines