- 1 refinancing car with credit union
- 2 I have 3 vehicles financed by a credit union. If late on one of the vehicles the credit union stating it can repo all three cars. Is this legal?
- 3 What dealership will finance a car if you have bad credit?
- 4 Can you get financing for a car if you have bad credit?
- 5 Does your credit have to be good to be financed for a car?
- 6 How can you finance a car loan if you have bad credit?
- 7 Is it better to build credit by financing a car in one name or two and will it build your spouse and your credit faster to cosign?
- 8 What are the credit requirements for car financing?
- 9 Where can one get bad credit or no credit loans for car financing?
- 10 Where can one obtain car financing with no credit check?
- 11 How can one obtain car financing if they have bad credit?
- 12 Where can one find car finance with zero interest on credit?
- 13 How can one get car finance assistance with poor credit?
- 14 Where can one read how to finance a car with bad credit?
- 15 How might one finance a car if you have an adverse credit rating?
- 16 Where can one find out more about car financing with bad credit history?
refinancing car with credit union
Credit Union Refinance
An online auto refinancing question from the
I have about $6500 in my auto loan outstanding and the current rate I am paying is 9.24% with 34 months remaining with my current lender. I have excellent credit too. I feel that at $224 a month, I am paying way too much.
What do you think would be better, refinancing online or a credit union refinance and could you please provide some online sources?
Many of the online refinance sources I used to recommend have not been very effective or competitive in today's economy and I'm no longer recommending them. But recently, I have found Money Aisle which has worked quite well for many visitors looking to refinance.
They run a very unique Reverse Rate Auction that has lenders compete for your business by lowering your rates right in front of your eyes. As of now they work with nearly 200 lenders nationwide. Check them out here: Money Aisle Online Auto Refinancing.
I would say that a credit union refinance will typically be the best option for refinancing as their refi rates will usually be the same as purchase rates (you'll find quite a few through Money Aisle).
Banks oftentimes have higher rates for a refi vs. a new purchase. In addition, bank rates tend to become less and less competitive vs. credit unions for each year older the vehicle is.
If you are not able to find a lender on Money Aisle and if you're not already a member of a credit you can visit the Credit Union National Association (CUNA) to find one or more in your area. Visit CUNA here.
You should, with excellent credit, be able to do much better than your current APR and monthly payments. Even with simply above average credit I'd still think you'd be inline to knock off a couple of points from where you are at now.