Saturday, July 11, 2009

Are there any army discounts for car loans/ refinancing an existing car loan?

I have an 06 RSX that I bought with a 625 credit score and pay like 500 a month w/ 9-11% interest I think. When I bought it I had 3,000 in credit card debt and had only had a credit history of 2 years. Now that I am 21 and have 3 years of credit history, and have paid off all my debt down to 0, plus made payments on this car for 1 year, I was planning on refinancing the car this year. I am doing this mainly so I can afford the car when I am in the army this year, however I was wondering if the army can provide any discount (like a credit union) for re-financing if I sign an allotment or something so the creditor is sure they will get their money.



Anyone have any info on this?



Are there any army discounts for car loans/ refinancing an existing car loan?

check out www.military.com as they have a huge list of Servicemen entitlements.



Good Luck



Are there any army discounts for car loans/ refinancing an existing car loan?

Credit Unions always have cheaper apr%26#039;s for most people.



But they don%26#039;t always let you have one, unless you can prove your credit is good. (and they like 750 or better) you can try refinancing the car, but don%26#039;t be surprised if the interest isn%26#039;t lower...you haven%26#039;t been in the military yet...



Are there any army discounts for car loans/ refinancing an existing car loan?

The big 3 auto makers offer a discount. You MUST ask for them, they do not just come out and tell you that you may qualify for one. For example - Jeep - They offer a $500.00 cash allowance.

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