Refinanced after 11 months... - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Tujin · 06-12-2013, 11:48 AM

I was paying 8.25% apr through Toyota Financial, refinanced through my credit union (navy federal) and they gave me 2.09%! I'll have it paid off like 6 months sooner and my payment is ~50 per month lower

Code:Red · 06-12-2013, 12:08 PM

This is good info for now. I'm thinkin of doin this, too. My APR is pretty low, but of course it never hurts for it to be lower. Hey, i'll take all the help i can get.

#87 · 06-12-2013, 12:09 PM

Damn how old are you? I'm 24 and my APR is like 3.XX (low 3s) through some random bank my dealer found paying ~450 with tax and 2k down. Subaru offered i think 3.9

zaptorque · 06-12-2013, 12:11 PM

8.25?!?! DAMN. I'm 25, and my rate is 3.2 through toyota financial services, on a 5 year note.

leon78 · 06-12-2013, 12:14 PM

Navyfed here aswell....1.99% for 72 months...$0 down....Im 22.

marky · 06-12-2013, 12:27 PM

Quote:

Originally Posted by zaptorque

8.25?!?! DAMN. I'm 25, and my rate is 3.2 through toyota financial services, on a 5 year note.

Yeah same here.. Holy cow 8.25% that's crazy..must have very low down payment or non..not sure what type of payment plan OP signed up for..

I'm doing 6 years but I'll have it paid off 4/5 years

Mikem53 · 06-12-2013, 01:41 PM

Quote:

Originally Posted by Tujin

I was paying 8.25% apr through Toyota Financial, refinanced through my credit union (navy federal) and they gave me 2.09%! I'll have it paid off like 6 months sooner and my payment is ~50 per month lower

Good for you. :happy0180: Makes the car more fun knowing it costs less...

Tt3Sheppard · 06-12-2013, 01:46 PM

Yea I think I will be refinancing after about 1 year of payments. 4.9% through toyota but I took off $1000 from removing my warranty and I want my loan readjusted.

Noob4Life · 06-12-2013, 01:48 PM

Congrats, can't wait to refinance mine! lol think I'm paying 6% at 455 a month. I'm 21.

jonbonazza · 06-12-2013, 02:13 PM

Damn.. I am 25 and my APR is just over 2%! It's not through Toyota, but instead through the bank that the dealer deals with (Huntington Bank). Oddly enough, before approaching the dealer, I went to Huntington directly and they wanted to get me 4.9% XD

KGFRS86 · 06-12-2013, 02:32 PM

I tried to refinance with my bank (USAA) and the offer was piss poor. Double the interest rate, $50 MORE expensive payments. I was surprised.

Currently: 21 years old, $2,100 down, 6% Interest Rate, $545/mo payments.

suaveflooder · 06-12-2013, 02:39 PM

holy hell!!! You actually originally financed a car at 8.25%!!!

Glad you got it lowered, but DAMN, I wouldn't have touched a car payment with that much interest!!

Tujin · 06-12-2013, 03:58 PM

My debt/income ratio was fine but I had a lot of maxed out revolving credit lines and some other negative-ish stuff. Originally put 3k down, 72 months. Also worth noting that I traded in my wife's SUV, which we were about 4.5k underwater on. So that probably has a lot to do with it.

autobrz · 06-12-2013, 04:37 PM

Banks usually suck. Credit unions will give you good rates. I also got 1.99% 0 down loan from local credit union buying mine used.

06-12-2013, 11:48 AM	#1
Tujin ALWAYS CONNECTED!! Join Date: Jul 2012 Drives: 13 FR-S PINK 6MT Location: Tempe, AZ Posts: 361 Thanks: 248 Thanked 174 Times in 89 Posts Mentioned: 5 Post(s) Tagged: 0 Thread(s)	Refinanced after 11 months... I was paying 8.25% apr through Toyota Financial, refinanced through my credit union (navy federal) and they gave me 2.09%! I'll have it paid off like 6 months sooner and my payment is ~50 per month lower

06-12-2013, 12:14 PM	#5
leon78 Senior Member Join Date: Jan 2013 Drives: 13 Whiteout Location: Niceville FL Posts: 666 Thanks: 307 Thanked 241 Times in 142 Posts Mentioned: 23 Post(s) Tagged: 1 Thread(s)	Navyfed here aswell....1.99% for 72 months...$0 down....Im 22. __________________ 2013 Scion FR-S (Whiteout) GunMetal 16x8+25 Enkei CompE_Cusco OCC_ Kartboy Crank Pulley_Kartboy TMM insert_Koni Yellows_RCE Springs_K&N Drop-In_Eibach FSB_J2 Catless FP_WhiteLine Camber Bolts_NameLess Track Pipe_RBF600_Ferodo DS2500_PTUNING Tuned. Less parking more racing Last edited by leon78; 06-15-2013 at 10:37 PM.

06-12-2013, 01:48 PM	#9
Noob4Life 86 Noob Join Date: Dec 2012 Drives: Firestorm FR-S Location: Yuba City, CA Posts: 596 Thanks: 153 Thanked 189 Times in 97 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	Congrats, can't wait to refinance mine! lol think I'm paying 6% at 455 a month. I'm 21. __________________

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06-12-2013, 12:08 PM	#2
Code:Red Senior Member Join Date: Apr 2013 Drives: 2013 Firestorm 6MT Location: Grovetown, GA Posts: 117 Thanks: 27 Thanked 36 Times in 36 Posts Mentioned: 3 Post(s) Tagged: 0 Thread(s)	This is good info for now. I'm thinkin of doin this, too. My APR is pretty low, but of course it never hurts for it to be lower. Hey, i'll take all the help i can get.

06-12-2013, 12:09 PM	#3
#87 I usually post drunk Join Date: Oct 2009 Drives: BRZ Location: NY Posts: 1,487 Thanks: 15 Thanked 490 Times in 231 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Damn how old are you? I'm 24 and my APR is like 3.XX (low 3s) through some random bank my dealer found paying ~450 with tax and 2k down. Subaru offered i think 3.9

06-12-2013, 12:11 PM	#4
zaptorque Senior Member Join Date: Sep 2012 Drives: 2013 Asphalt FR-S Location: Austin, TX Posts: 425 Thanks: 645 Thanked 264 Times in 90 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	8.25?!?! DAMN. I'm 25, and my rate is 3.2 through toyota financial services, on a 5 year note.

06-12-2013, 02:39 PM	#12
suaveflooder Senior Member Join Date: Feb 2013 Drives: 2013 FR-S Location: San Diego Posts: 2,295 Thanks: 2,708 Thanked 1,052 Times in 664 Posts Mentioned: 29 Post(s) Tagged: 0 Thread(s)	holy hell!!! You actually originally financed a car at 8.25%!!! Glad you got it lowered, but DAMN, I wouldn't have touched a car payment with that much interest!!

06-12-2013, 03:58 PM	#13
Tujin ALWAYS CONNECTED!! Join Date: Jul 2012 Drives: 13 FR-S PINK 6MT Location: Tempe, AZ Posts: 361 Thanks: 248 Thanked 174 Times in 89 Posts Mentioned: 5 Post(s) Tagged: 0 Thread(s)	My debt/income ratio was fine but I had a lot of maxed out revolving credit lines and some other negative-ish stuff. Originally put 3k down, 72 months. Also worth noting that I traded in my wife's SUV, which we were about 4.5k underwater on. So that probably has a lot to do with it.

06-12-2013, 04:37 PM	#14
autobrz Senior Member Join Date: May 2013 Drives: Mazda 3 Location: round rock, tx Posts: 413 Thanks: 487 Thanked 108 Times in 74 Posts Mentioned: 4 Post(s) Tagged: 0 Thread(s)	Banks usually suck. Credit unions will give you good rates. I also got 1.99% 0 down loan from local credit union buying mine used.

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