The $$$ Thread - Financial Advice

Page 2 of I thought I would open a new thread for those of us who want to discuss boring stuff like money. For starters, I have joined the Acorns app but am stil... 94 comments | 3839 Views | Go to page 1 →

  1. #16
    Wireman's Avatar
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    4 Phone Calls That Will Save You Money

    1. The cable company - this is next on my list of things to evaluate as TWC has once again raised their rates and I'm now spending over $160 a month for TV and Internet.

    2. The mortgage company


    3. The credit card company


    4. The insurance company - I already did this one...and I saved $43 per month by going with State Farm and dropping Progressive.

    4 Phone Calls That Will Save You Big Every Month
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  2. #17

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    Quote Originally Posted by Wireman View Post
    What is a good interest rate range for a car loan?

    My rate is 3.82%

    Is that good, bad, average?
    That's roughly what I'm paying on my two car loans.

  3. #18
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    Quote Originally Posted by Wireman View Post
    What is a good interest rate range for a car loan?

    My rate is 3.82%

    Is that good, bad, average?
    I think that's on the higher end, but nothing crazy. You could possibly look at refinancing it.

  4. #19
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    Quote Originally Posted by HammerTime View Post
    I think that's on the higher end, but nothing crazy. You could possibly look at refinancing it.
    That was through the dealership. If it seems a little high, I'm going to look at refinancing it with my local credit union.

  5. #20

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    Quote Originally Posted by Wireman View Post
    That was through the dealership. If it seems a little high, I'm going to look at refinancing it with my local credit union.
    High based on what? Interest rates are based on your FICO score. Do you know what yours is?

    Was it on a new car or used car? You're now asking a bank to loan you money on a used car. As a rule interest rates on used cars are higher than on new cars.

  6. #21
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    Quote Originally Posted by Clyde View Post
    High based on what? Interest rates are based on your FICO score. Do you know what yours is?

    Was it on a new car or used car? You're now asking a bank to loan you money on a used car. As a rule interest rates on used cars are higher than on new cars.
    It is a 2013 SUV and my FICO score is 792.

  7. #22

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    Quote Originally Posted by Wireman View Post
    It is a 2013 SUV and my FICO score is 792.
    1. Strong FICO score. Well done.
    2. My guess is you bought that 2013 new?
    3. I doubt you'll get a much better, if better at all, rate for a re-fi of a 3-yr-old asset.

  8. #23
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    Quote Originally Posted by Clyde View Post
    1. Strong FICO score. Well done.
    2. My guess is you bought that 2013 new?
    3. I doubt you'll get a much better, if better at all, rate for a re-fi of a 3-yr-old asset.
    Actually, I just bought it 2 weeks ago, so it's used.

  9. #24

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    Quote Originally Posted by Clyde View Post
    1. Strong FICO score. Well done.
    2. My guess is you bought that 2013 new?
    3. I doubt you'll get a much better, if better at all, rate for a re-fi of a 3-yr-old asset.
    Dead on. I would be surprised if you get anything below 3.99 on a used car.

  10. #25

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    Quote Originally Posted by Wireman View Post
    Actually, I just bought it 2 weeks ago, so it's used.
    Gotcha. You should check into the re-fi options but I doubt you'll get much lower. I'll be curious to see what you find.

  11. #26
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    Quote Originally Posted by Clyde View Post
    Gotcha. You should check into the re-fi options but I doubt you'll get much lower. I'll be curious to see what you find.
    I've never done a car refi, but don't you have to be a year into it?

  12. #27
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    Quote Originally Posted by HammerTime View Post
    I've never done a car refi, but don't you have to be a year into it?
    I don't think so. I needed a new car back in 2009 after I totaled mine. Got the loan through Huntington. Got my insurance money that I used to make a large payment on it for the first payment and then turned around and refinanced it through State Farm at a much lower rate. Whole process was within the 1st 2 months I owned it.

  13. #28

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    Quote Originally Posted by Wireman View Post
    What is a good interest rate range for a car loan?

    My rate is 3.82%

    Is that good, bad, average?
    00%, pay cash and don't worry......haven't had a car payment in over 20 years.

  14. #29
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    Quote Originally Posted by Lawnboy13 View Post
    00%, pay cash and don't worry......haven't had a car payment in over 20 years.
    I wish

  15. #30
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    I'm losing money on the Acorns app

    I'm down $0.41 in 2 days!!!

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