You can refinance at any time. I did immediately. Took roughly a week for all the paperwork to transfer. Was told 3 payments as well but that is simply not true.

 

The reasons I want to is because looking for better rate and keep my money local. Was always told by dad, buy local when you can. That way if there is a problem you can go to the place and see the people in person

 

live in oregon and had orig. loan w/ alaska. brought bizz to local CU and will have the title in 9 short months!

 

Quote:

Originally Posted by DirtDawg

+1
Bottom line, dealers get assessed a penalty if buyers refi before making min 3 or 4 payments. Dealer I bought mine from confirmed this is so. 'Nuff said...

you were either lied to or misinformed - the finance guy just doesn't get his kickback if the truck is refinanced within the first three months (as confirmed by my salesman and also in the paperwork. There is nothing in the paperwork that says you cannot refi)

I was preapproved by DCU for 1.24 before I purchased my truck. – ford offered me 6% (joke) and I took it for the $1000.00 incentive knowing i would refi the very next day through DCU at 1.24. ford sent me a check for $25.00 for early payoff.


Don’t walk – run to refi - ‘Nuff said

 

Already made one payment to Ford. Will go to the credit union Thursday. It sucks that my bank dose not have GAP coverage anymore . Like to keep my money at one bank

 

O man did I **** off the dealership....started the financing process through Ford....because I was told was how I would "Qualify" for all the Great rebates....thing is I was already pre-qualified through my credit union?!
So.....it was late...."ok just do it!"
Next morning went back in and re did the deal (cause this... pay Ford a HIGH Interest Rate for 3 month then refinance)..sounded sort of like...well...robbery (Good for Ford!)
Man....the Finance Dept. was ("trippin") all over themselves .
Somebody lost their SPIF!
Also....asked for the Dealership Manager to deal directly with.....not the 19 year old sales person.

 

I did it twice, both times they told me I had to wait but the first payment had a payoff amount on it so they got refied then

 

The finance manager threw a fit when I told him I was going to refinance. He told me that I could go though ford agen and get a better rate . wtf why didn't they do that before

 

non-sense. I refinanced through navy federal as soon as account number showed up . . .

 

Usually ....they tell you, right in the Finance Office ....that you can and should refinance if you can?....especially if you can get a better interest rate!