Refinancing my car has been a little more difficult than I expected. The bank I planned on going with declined my application, which kinda surprised me. After that it was like screw it, I'll just go with my own bank then. I'm still waiting to hear back from my bank, but in the meantime I figured why not call that other bank again. I give em a call, get this nice lady on the phone, and she's looking at my application like, I'm not an analyst so I can't approve a loan or not, but I'm really not understanding why they declined your loan. She decided to go through the process with me again. We filled out another application, but this time as soon as the application was completed she called an analyst on the other line and got someone to approve it for me right away.
I'm still gonna wait to see what kind of rate my bank is gonna give me, but it'll probably be 3% apr with a $200 fee, and this other new bank is offering 2.75% with a $160 fee, so I'll probably go with the new bank.
Payments will go from about $515 with 62 months left to $434 and 60 months.