Refinance Loan

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Dec 8, 2021 | 08:11 PM

Mrkhanna16

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Joined: May 2020

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Refinance Loan

Anyone refinance their auto loan for their 992? I'm currently at 2.99% with PFS and was wondering if there are other providers that are cheaper. Have had the car for 1-year so obviously now under the 80% LTV mark (hopefully since I financed tax as a part of the purchase)

would love to understand if anyone is getting better rates!

Dec 8, 2021 | 09:24 PM

ollies

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Joined: Aug 2021

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From: Scottsdale

1.9% 60 months from USBank in August. Had my dealer push through a couple banks when I bought.

Dec 8, 2021 | 09:34 PM

AlexCeres

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PenFed is pretty aggressive at 0.99% but a credit union (not sure if it requires membership) https://www.penfed.org/auto

A lot of options around 2%

Dec 8, 2021 | 11:01 PM

detansinn

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From: Doylestown, PA

Quote:

Originally Posted by Mrkhanna16

would love to understand if anyone is getting better rates!

I’ve investigated it. Unfortunately, refi rates for cars are in line with the rates for used cars — kind of makes sense. If you’re already under 3%, you’ll be hard-pressed to beat it with the available refi rates. Unless you’ve got a long loan term like 72, 84, 96 months, you’re not going realize much savings if you got a great rate in the first place.

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