I Got RIPPED OFF

[dosle]

yeah when they give you the option of X amount back or X% interest over N months do the math and see what will get you the better deal. for me the interest rate saved more.

 

[msp03.5]

Damn 4.9% 3.2% I am at 8.2% through my credit union.

 

[dulog]

Damn 4.9% 3.2% I am at 8.2% through my credit union.

Well look at it as motivation to pay the car down faster if you can, if you can't at least keep making payments on time to keep establishing good history. If you do this you'll get more competitive rates next time or you may even be able to refinance your existing loan on better terms at some point.

 

[Da 6]

after how long do you usualy wait to refinance...?

 

[goldwing2000]

after how long do you usualy wait to refinance...?

As soon as you can get a better rate!! Some lenders won't do it before a year, though.

 

[Da 6]

cool i'm in a similar boat...Had a trade in that was more than its worth. Didn't help that I drove the car 4 days before financing it either!