Are there any fees, closing costs, etc when refinancing autos?
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What folks are saying is:
Day 1-maybe Day 60: get -$1000 and pay higher FCA interest rate (only for 1-2 months)
Day 61: refinance with a bank of your choice for the better loan and interest rate.
This way you get best of both worlds. Have to decide the value of your time.
For my deal, it’s only $500 for FCA financing. I’m not bothering.
For $1000 I might consider it.
For over $1000 I’d definitely consider it.
If the FCA rate was 0% I’d do it. Anything higher I would not, even if it was still less than the 2.49% I’m getting at a local credit union.
I prefer to deal with a local bank/credit union.