Best place for auto loan
06-13-2022, 03:47 PM
#61
06-13-2022, 06:16 PM
#63
06-13-2022, 06:22 PM
#64
4th Gear
Join Date: Jun 2022
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Only San Mateo county or San Francisco residents can join SMCU.
https://www.smcu.org/Access/Membership/Join
https://www.smcu.org/Access/Membership/Join
06-13-2022, 09:20 PM
#65
FYI just went through this with BofA, Chase and some local CU's. Rates have spiked significantly recently. Similar to above, Chase was well over 4% (4.59%? Can't remember exactly) and BofA was similar. I am in San Diego so talked to SDCCU which did not want to loan money at all and ended up with Mission Fed CU at 2.99%. This is all with excellent credit scores and a very low backend ratio. Banks are getting weird right now.
As a side note I heard a rumor last week that MBS bonds went zero bid for the first time since 2008. With interest rates moving so quickly I don't think banks are real interested in taking on new loans which may end up not being very profitable by the time they are funded and sold.
As a side note I heard a rumor last week that MBS bonds went zero bid for the first time since 2008. With interest rates moving so quickly I don't think banks are real interested in taking on new loans which may end up not being very profitable by the time they are funded and sold.
06-13-2022, 10:27 PM
#66
Originally Posted by IORR
Ally
06-14-2022, 10:40 PM
#67
Hot off the press. Ad in June Panorama magazine from XCEL FCU for 1.99% rates for PCA members for new Porsches.
I have used them several times, all reasonably successfully. They are super small, which means you get highly personalized service. For example, if I wanted to speak with someone about my loan, I would call Antoinette. And if wanted to speaking with the lady who handles titles, I would call another lady who's name I could find easily (but can't recall now).
(Sorry I couldn't get photo turned.)
I have used them several times, all reasonably successfully. They are super small, which means you get highly personalized service. For example, if I wanted to speak with someone about my loan, I would call Antoinette. And if wanted to speaking with the lady who handles titles, I would call another lady who's name I could find easily (but can't recall now).
(Sorry I couldn't get photo turned.)
The following 2 users liked this post by HelpMeHelpU:
shrimp money (06-15-2022),
usctrojanGT3 (06-14-2022)
06-15-2022, 04:16 AM
#68
Rennlist Member
I used First Tech Credit Union for all my loans. Locked in at 2% in December. To me, that’s basically free money. They are fantastic to work with and have a great self service web interface.
06-16-2022, 07:53 PM
#69
Burning Brakes
06-16-2022, 10:49 PM
#70
Three Wheelin'
Well, lock in the rates now because in a few months they could be double.........
06-17-2022, 09:36 AM
#71
Originally Posted by DodoBrd
06-17-2022, 07:05 PM
#72
Three Wheelin'
Thread Starter
most places can do $150k with dispensations. With a long business relationship and excellent credit, you can get $200k from a regular auto loan at a credit union or major bank. That does take some extra approvals.
Generally the over $200k loans are specialty places like Woodside that charge a lot extra. Portfolio loans are infinitely better in that bracket. All the major brokerages and many of the minor ones are extremely happy to help folks spend their pre-tax investment profits.
Generally the over $200k loans are specialty places like Woodside that charge a lot extra. Portfolio loans are infinitely better in that bracket. All the major brokerages and many of the minor ones are extremely happy to help folks spend their pre-tax investment profits.
06-17-2022, 10:24 PM
#73
Burning Brakes
06-17-2022, 11:13 PM
#74
Three Wheelin'
Thread Starter
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Samanta Fox (04-22-2023)
06-17-2022, 11:20 PM
#75
Burning Brakes