The Itty Bitty NOVA VW Committee

[Jake]

Yeah, the 4.5% is definitely a lot better. Taylor, take a look at Apple FCU and PenFed for your actual banking, and see what either one could do about a refi in the next few months. You may also be hit with the "lack of credit history" bug that hit me when I tried to buy the FoST. Had never had a car loan before and nobody wanted to lend me any money. Best I could do alone was some bank offering about 4.5% with a limit of $20k OTD car cost... because apparently a first-time car buyer can't handle more than that? The Ford dealer got me a loan through SunTrust at... 4%? and had I kept the car longer, I'd have refi'd it.

Once you get a few years of auto loan history on your credit report, it's super easy to get low rates.