Hi, My current auto loan rate with Hyundai Motor Finance is 6.8. My credit score is 740+. They gave me rebates and bumped up the APR. Any suggestion of credit unions/banks for refinancing to lower my APR?
Never refinance an auto loan. Let alone a Hyundai. You took a bad deal from the beginning. Just pay it off and lesson learned.
I got a good deal on the car. The APR was high and I was aware of it. I accepted it since I knew that I can always refinance it.
You know you have to finance the payoff amount, right? You’re just adding interest to interest.
I know. Looking for some names of credit unions offering lower rates. Previously threads had DCU. They are currently offering 3.74 provided my paycheck is deposited directly into the checking account of their bank.
DCU
That's super high. Go find some credit union to refinance.