Quote:
Originally Posted by BMWFanatic2008
Quote:
Originally Posted by dmanb2b
Quote:
Originally Posted by BMWFanatic2008
How does refinancing a car loan work? Is there a fee associated with this transaction? Trying to figure out if its worth doing for the loyalty.
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It's easy. My CU charges a $65 app fee. so it's worth the loyalty $ |
I see. And how soon can it be done after financing through BMW? The dealer is marking up the interest rate so want to switch asap. And can BMW/dealer prevent you from doing this? |
As long as there's no early payoff penalty, you can do it immediately. When you refi, the bank is paying off your loan and assuming the balance.