[TimMullen]

Am I the first to refinance my Elise?

When I bought my Elise, I put a lot down and financed the rest through my Credit Union. I got a good rate of 3.99% Last week, I got a "promo" card from my Credit Union offering my 3.74% on a new car loan. So I went in and "refinanced" it for the lower rate.

Anyone get a lower rate than that?

 

[MJC123]

curious what term they gave you. that's pretty cheap money.

 

[TimMullen]

curious what term they gave you. that's pretty cheap money.

Four years (that's what I wanted). It could have been for six years, but that's too long to pay for a car...

It's a good Employee's Credit Union...

 

[Dan]

I got 2.99 from Capital One, but it was only a 3 year loan. But I could have gotten 3.49 from a local credit union for a 37-60 month loan.

If you want to shop local credit union rates, here is a good site that will give you links to websites of credit unions in your area:

http://www.howtojoinacu.org/