Time to REFINANCE the Cobra!! Need suggestions...

[anteros511]

After being RAPED by DiBlasi Ford in Queens when trading in my '01 GT and putting $8800 down on the '03 Cobra @ 8.75% interest. I am finally deciding to refinance. (Also, I need to lower my $760/mo payment!!) I've never refinanced before so I'm looking for recommendations of where to go... I checked eLoan but I'd like to here frm you guys before I make any moves.

TIA!!

 

[03DOHC]

I refinanced with my credit union but I also got the loan from them to begin with.

 

[RDSZ]

See USBANK I got 5.4% from a 6.85% i had with some other bank, phone # 1 800 872 2657 or www.usbank.com .
Hope that helps

 

[Cobra10thaniv]

Ask the orginal lender if they know your leaving they might work somthing out.

I know as my vehicles get older I always refinanced every year to a lower intrest becasue i was going for a shorter term get it
You have 2 yrs left but paying interest on a 5 yr loan refinance over the phone for a 2 yr at lower intrest usually save me 1 month payment > Normaly they never say you can do that but you can just no one ever says so

Good luck

 

[rmoreau]

$760/mo. Whats your term???

My payments were $560/mo, nothing down, MSRP, 6yrs. Its now paid off, but OMG nowhere near as bad as yours.

Randy

 

[Cobra10th Anniv]

Peoplefirst.com, hands down the best service along with the lowest rates. Everything is available online and you really don't get any better than this.

Current rate for 36mo = 4.25%

Check it out.

Good luck.

 

[Zinc03Cobra]

wow... my rate was 4.9, they want 8.9 to start with!! I told them no, if they wanted to sell the car, they'd give me a HELL of an interest rate. Best bet, just hook up with a credit union, and get a better rate.. I'm looking to refinance within a year or two

 

[philip]

went from 7.7 with wells fargo, to 6.2 with my insurance (state farm) for being 19 I think that rate is pretty decent.

 

[bbp42d]

AMTRUST bank 60 months at 3.95% and 72 at 4.9% if you are a 720 or better on your beacon

 

[Wiked03]

My credit union did 4.49% for 60 months on a USED car.

 

[anteros511]

AMTRUST sounds like a decent deal. I went to their website but found nothing about auto. Do they serve customers in New York State? I was redirected to Ohio Savings Bank.

Originally posted by bbp42d
AMTRUST bank 60 months at 3.95% and 72 at 4.9% if you are a 720 or better on your beacon

 

[sLOWDOHC]

lendingtree.com

Ive gotten loans for my past 2 cars (both have been from roadloans tho)...

Check it out.

 

[Poisonous Mods]

:cryying: I guess im the only Ding Dong paying more :bash: :cuss:

 

[97whitecobra]

Do Not give your SS # online. They are going to turn you into a lead and fire your number off to 50 places who are then going to contact you after pulling your credit report. Lots of inquires on your credit report in a short time are not good for your score.

The real truth about the old "when lenders compete you win"
As stated already, it's tough to beat a credit union rate if you qualify for it.

 

[nj7703]

I got 4.9 thru Ford. I know what those 700+ payments are like, mine is 755. I only put down 500 bucks so my own fault. Try all the major banks too, Chase, Fleet, Wicovia. If you have the payment electronically taken out, sometimes you get a lower rate too. Good luck man:beer:

 

[FoMoCoDave]

Try your credit union if you are a member. My CC finance me a 4.45%. I bought mine staight out from a friend who was fixing to trade it in for a 10th ann. car.

I ended up making payments on my 03 and the 99 Cobra that I was trying to sell in prep to buy the 03 for a couple of months. Not to mention insurance on both. Came out good on the 99 when it sold so it worked out well.

 

[monkeyspunk79]

As a first timer I got an 8.5% loan last year at my credit union, and now they are refinancing new customers at 4.49%...Exisiting customers don't qualify. SON of a...

I am looking into this too!

 

[ZincDude]

Damn you must have really wanted that car bad. You definately need to lower that %. Goodluck to ya!!

 

[bbp42d]

Originally posted by anteros511
AMTRUST sounds like a decent deal. I went to their website but found nothing about auto. Do they serve customers in New York State? I was redirected to Ohio Savings Bank.

my bad it is ohio savings bank. good luck