Backcountry ADV
Well-Known Member
- First Name
- Brian
- Joined
- Oct 26, 2021
- Threads
- 16
- Messages
- 140
- Reaction score
- 195
- Location
- TX, NM, CO, CA
- Vehicle(s)
- 21 Gator Mojave, F-150 Tremor, Aston Martin V12 & Porsche Turbo GT
- Occupation
- Pres Business Dev - Crown Wealth Strategies, Oro Real Estate, PUR Brands
Typically dealers get a 1% kickback on finance if it's held for 90 days. You may want to ask them specifically on duration before refi. They may also be getting more for holding it 8month which could play into their overall strategies. Either way, as mentioned, calculate the savings over the higher % rate for 8 months and you'll likely come out ahead unless rates climb before you can refi the deal nearly a year later. My 2 Cents.5% below invoice + 1% for dealer arranged financing. (Must finance a minimum of $25k and keep for at least 8 months).
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