Refinanced car at 6.9%!!!

[OregonMom]

My BK was discharged a year ago and we needed a new car desperately. We bought a used car a week after discharge and got stuck with 19.9% interest. So six months later we refinanced it down to 14.9% and then yesterday Capital One refinanced it at 6.9%!!! I was shocked, I called them back to make sure it was true, ( I had did it online) and they said yes it was and our old lender was already sent pay off!!! Needless to say I did the happy dance!! Previous to the BK the best interest rate for a car was 12%.

[brad10281]

Thats great! I just financed a car (3 months out of BK) for 7.2%. I had almost a 50% down payment though...I don't think I would have been approved without that. I'm happy for now...I'll be happier when its paid off.