If you dont mind me asking how much did you pay for your truck? Have you tried capital one? I tried them and got approved, but their interest was 1/2 % higher than my 6.5%. I only owed around $18,400 at the time.
I just refinanced mine. I was at a 5.99% had like 54 months left at $513 a month. Refied at a 4.75% for 60 months now at $441. I owe like 23xxx and when the looked up the value it was over 30k so they approved it. lol
I also just did with my credit union. They based the value off of kbb top value for trade so I had about $600 in equity. Was able to refinance for 4.29% compared to TFS's 6.29% when I bought the truck new in feb 08.
If I would have went any where else I would have had negative equity because other would not value the truck like my credit union did. So you might want to check around with a few credit unions and become a member.
Same thing here. I have a credit union refinancing my truck. This is the same credit union that financed our 2005 Corolla. It only has $4k something left on it and it'll be paid -off.
Originally, I have Toyota Financial for the Tundra at 1.9%, but my monthly was almost $600 a month. Now my monthly payment is at $285 after the refi.
I think they made a mistake calculating the KBB value of my truck. They may have used the DC not the Reg Cab. The blue book was in the $17 or 18K and my pay off is almost $15k. I kept my mouth shut. I still have GAP insurance.