Refinance rates

[nototrader]

Loan Rates

Get a new or used auto loan, RV loan, motorcycle loan, or personal loan from CDC Federal Credit Union with a great, low rate.

www.cdcfcu.com

these guys are great! 4.65%

Is there a trick to becoming a member if you don’t live there or work for one of their eligible companies?

 

[blueice89]

I can’t be the first person to refinance a Lucid or am I ?

 

[Keith58]

Is there a trick to becoming a member if you don’t live there or work for one of their eligible companies?

None. That’s what I love about them. I’m not an employee of the CDC but have financed many cars through them over the years. Their level of service is amazing. The process is a little less automated than a big bank but they’ll take you through it pretty painlessly

 

[Bobby]

I can’t be the first person to refinance a Lucid or am I ?

Just show them the original sticker at $150k, you paid $100k so you have some equity.

 

[blueice89]

Just show them the original sticker at $150k, you paid $100k so you have some equity.

Where to get that original sticker, I think that would be fine, but need to show them that.

 

[Bobby]

What’s your current rate, term, payment?

 

[blueice89]

It sucks and thats my fault, 8.5% 84months, when I originally financed it, this same deal happened hard to value the car blah blah. and then some banks just were unable to accept the loan cause the value was missing. We really should have a Kelly Blue book value.

 

[Bobby]

It sucks and thats my fault, 8.5% 84months, when I originally financed it, this same deal happened hard to value the car blah blah. and then some banks just were unable to accept the loan cause the value was missing. We really should have a Kelly Blue book value.

holy crap

 

[blueice89]

holy crap

I called Lucid they said their internal team will try to get a Monroeni label

 

[blueice89]

Sorry I looked up the word it’s Monroney Label I need that for my car

 

[blueice89]

A lot of lenders use that Invoice value …

 

[Amster]

This is pretty funny stuff : my credit union is like we don’t know how to value your car. Could you give us a dealer invoice. Has anyone else ran into this? There is no Kelly blue book or any of their tools to return value back

I went to two local credit unions and neither of them would do a loan on the car. They both said it wasn't in their database of vehicles. I ended going through Bank of America, since they were working with Lucid already. Luckily. the process with them was really easy for me, unlike some people's.

 

[blueice89]

There should be enough cars out there to establish at least baseline value systems. Did you refinance with BofA?

 

[blueice89]

So my lender either used Kelly Blue book or they use JD power … and want to see what JD Power shows lol:

No data

https://www.jdpower.com/cars/2022/lucid/air/grand-touring-awd

 

[Drendino]

The answers are at your local bank or credit union.

We should have an “Ask Bobby” subsection.

Bobby, what should I have for dinner?

 

[Bobby]

We should have an “Ask Bobby” subsection.

Bobby, what should I have for dinner?

Sushi. Take me.

 

[hydbob]

Sushi. Take me.

@AirDoll

 

[blueice89]

While you all eat sushi someone get me the values for our cars so I can refinance this lol

 

[borski]

This is pretty funny stuff : my credit union is like we don’t know how to value your car. Could you give us a dealer invoice. Has anyone else ran into this? There is no Kelly blue book or any of their tools to return value back

Yes, I had to give BofA my original sales contract.

 

[borski]

While you all eat sushi someone get me the values for our cars so I can refinance this lol

Take a breath. Lucid already said they'll get you the Monroney label, which will have your answer. You'll be fine.