Refinancing loan?
Thread Starter
Advanced
Joined: Jun 2002
Posts: 68
Likes: 0
From: FLA
Refinancing loan?
From dealership I have been paying 7.25% loan for financing balance of car 2002TT.
I know there are better rates (5.65%), however most of these "online" companies dont do financing over $60,000, even if I put down $40K on purchase.
Does anyone recommend any companies that do deals with these types of $$?
As always all insights appreciated
I know there are better rates (5.65%), however most of these "online" companies dont do financing over $60,000, even if I put down $40K on purchase.
Does anyone recommend any companies that do deals with these types of $$?
As always all insights appreciated
Burning Brakes
Joined: Mar 2003
Posts: 853
Likes: 0
From: Orange County, CA
I got 98,500 financed through my credit union for 5.49%.
If you belong to a credit union, check with them. If you do not belong to one, you can easily join one in your area. Many of them have very basic membership criteria (ie. be a resident of a certain city).
Also check peoplefirst.com - they have awesome rates and they finance up to 75K.
<img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
If you belong to a credit union, check with them. If you do not belong to one, you can easily join one in your area. Many of them have very basic membership criteria (ie. be a resident of a certain city).
Also check peoplefirst.com - they have awesome rates and they finance up to 75K.
<img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
Instructor
Joined: Sep 2002
Posts: 155
Likes: 0
From: Hollywood Hills, CA.
check out <a href="http://www.leasecompare.com" target="_blank">www.leasecompare.com</a>
513.527.7700 800.223.4882
They do leases and loans, nice people, very efficient.
2001 PORSCHE 911 TURBO, 2d Cpe
Term 48 Months
Interest Rate 5.99%
Purchase Price $95,000
Cap Cost Reduction $0
Payment $2,234
This is for an Auto Loan, not a lease. The above rate applies if you have excellent and substantial credit. Payment includes ACS inspection fees. Payment Does NOT include sales taxes bank VSI/Processing fees or license fees. Payments, rates are subject to change depending on region, availability, selected vehicle equipment and credit.
513.527.7700 800.223.4882
They do leases and loans, nice people, very efficient.
2001 PORSCHE 911 TURBO, 2d Cpe
Term 48 Months
Interest Rate 5.99%
Purchase Price $95,000
Cap Cost Reduction $0
Payment $2,234
This is for an Auto Loan, not a lease. The above rate applies if you have excellent and substantial credit. Payment includes ACS inspection fees. Payment Does NOT include sales taxes bank VSI/Processing fees or license fees. Payments, rates are subject to change depending on region, availability, selected vehicle equipment and credit.
Pro
Joined: Feb 2003
Posts: 666
Likes: 166
From: Central coast, California
Another smart option would be to get a home line of credit and be able to write off the interest at the end of the year. I'm a mortgage broker in California, contact me if you need information.
Advanced
Joined: Mar 2003
Posts: 90
Likes: 4
From: Pacific Northwest
Agreed, I just got a home line of credit while I refinanced my regular mortage for prime + 1% (~5%) on $80,000 for my GT3 order. Line of credit does fluctuate but the fact that I can tax deduct 30% of the interest makes the loan actually around 3.5%. Nice.
