I need to refinance my car?

Question

should I go to a bank or to a credit union. im trying desperatly to get my car payment lowered please help me

Answer 1

There are reasons to go to both, and one more suggestion.

1. Credit Union is always first. They always have the best rates, but it can be difficult to become a member. This is why they can give great rates. They can also be very stingy with their rates, the best go to the people with the best credit score.

2. Banks have money to lend in spades. The have a low entry point, meaning they will lend to almost anyone, but their rates aren't as low.

3. Auto Refinance Broker - there are companies that will take your application and shop it around for you. This allows for your credit to be pulled only once and you get the best rates from a wide variety of banks/CUs

Hope this helps!