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Discussion Starter · #1 · (Edited)
I went to my bank today about refinancing my car through them. Right now, I have a loan through Toyota Financial paying 477/month at 12 % APR. My bank just approved me for a new loan at 347/month at 7.5% APR for 42 months!!! AND, they approved me for a 1500 loan. Now, I have an extra 300/month from refinancing and my new insurance!!
 

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holy shiet 12%?!?!?! :AF: that was f'ing crazy.....so, by those #'s you still owe about 12-13K on your ride? that's not bad.....later I might try to refinance my car with my credit union so I can freaking have more ownership of it....
 

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bank of america will refinance 80% of your cars value so the only thing you'd need would be a small down payment, but that's just with bank of america. i'm sure credit unions are different.
 

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oh yeah, we are totally different, hell for a used car they will finance 100% of the purchase price and for a new one 110% of MSRP. If I was to get a new car loan and could afford monthly payments of 36 mos, I could get it at 3.9%.....
 

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Discussion Starter · #7 ·
I didn't do anything at all....no downpayment or anything. I just called and asked and they said sure. My car is actually worth more than I owe. I refinanced 13,897....And they said it's worth like 14,200
 

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PhatCellyGT said:
That's just cause your old and have money!!! :)
hey now i'm not old and i have no money but i 3.9% for 60 months on my suv
 
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