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Old 04-09-2017, 06:28 AM   #1
IneedAZ


 
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Interest rates for April on a 2017, need your help

Curious to what you guys were able to get for interest rates for 48 or 60 month. I know most lenders have the same rate for 48 and 60 months. Went to get my car yesterday and even though my credit # is 830, the dealer said the lowest was 2.5% for 60 months. I tried a google search and not seeing any less, yet i know i have seen post people getting 1.x %. Please post your percent and from where if you are 48 or 60 months. I will see about refinancing the loan plus this may help someone else.

thanks
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Old 04-09-2017, 09:57 AM   #2
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Usaa and credit unions are the regular lenders under 2% it seems
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Old 04-09-2017, 10:17 AM   #3
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Those low rates people have been quoting have been USAA.....
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Old 04-09-2017, 10:37 AM   #4
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When I ckd USAA this morning the website was 2.5 also. I don't see anything below that or I'm looking in the wrong spot.
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Sold 2012 2LT RS 12.3@112 old setup

Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS.

2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17
2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47**

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Old 04-09-2017, 12:19 PM   #5
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I got 1.98 for 72 just last week... (local CU)
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Old 04-09-2017, 01:13 PM   #6
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I ckd my credit union (USF) and 2.49. Wonder if region plays a part.
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Sold 2012 2LT RS 12.3@112 old setup

Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS.

2017 HyperBlue ZL1 A10 ** Born 3/17/17**Delivered 4/08/17
2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. **807hp/762tq on 93 gas** and **848hp/792tq on e47**

Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver

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Old 04-09-2017, 03:28 PM   #7
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Refinanced this week (bought the bought the car about 3 weeks ago) - went from 3.89% with GM Financial (so I could take advantage of all incentives) to 1.6% at my a local Credit Union. (60 months both times)
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Old 04-09-2017, 03:57 PM   #8
TripleB
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I'll be going through my work credit union, Chevron Federal Credit Union. They've got 2.09% for 36-60 months. If I do auto payments from my paycheck I save another 0.50%.
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Old 04-09-2017, 03:57 PM   #9
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Quote:
Originally Posted by Red Devil's Rebel View Post
Refinanced this week (bought the bought the car about 3 weeks ago) - went from 3.89% with GM Financial (so I could take advantage of all incentives) to 1.6% at my a local Credit Union. (60 months both times)
Didn't you have to pay all the interest off of the GM loan, making your CU loan principle larger than your GM loan Principle was?
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Old 04-09-2017, 07:49 PM   #10
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Quote:
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Didn't you have to pay all the interest off of the GM loan, making your CU loan principle larger than your GM loan Principle was?
Nope. The CU just paid off the whole amount to GM & and I now have a loan with them for the same principal amount but at a lower interest rate.
This is how it was explained to me and it is reflected the paperwork.
This is my first time doing this and I'm definitely no financial expert or anything anyway so this is a serious (aka not wise-ass) question so feel free to educate me (hopefully in the same manner, lol). But, if it was the other way, that you mentioned, why would any one ever bother doing it? As in, wouldn't that defeat the purpose of refinancing - that being to get a better interest rate/term/etc in order to end up owing less money in total?
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