With 3 kids a van was a necessity for us. Found a decent late model used one at CarMax for about 20k. Through their financing the interest rate was around 8%. The other day I was in line at my local credit union where I have an account. I noticed that they offer auto loans at 2.19%. my question - would the credit union pay off the car max loan and let me start a new loan at the lower rate through them? Please be nice as I'm admittedly ignorant on financial matters.
May 03, 2017 at 09:20PM
