Ram Promaster Refinance question

andrek60

Member
May 4, 2011
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I got my van a few months back and am trying to find somewhere to refinance it for a lower interest. Right now i'm paying 8.49 percent. A lot of places don't finance commercial vehicles and most of them seam to consider the cargo van as a commercial vehicle. Have any of you had success getting a low interest loan on your van? For example, I pay only 3.5 % on my personal vehicle, so 8.49 is a bit high I think.
 

ColoradoCleaner

Well-Known Member
Dec 31, 2010
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Denver, CO
www.magicwandcolorado.com
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Kevin M
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United States
I got my van a few months back and am trying to find somewhere to refinance it for a lower interest. Right now i'm paying 8.49 percent. A lot of places don't finance commercial vehicles and most of them seam to consider the cargo van as a commercial vehicle. Have any of you had success getting a low interest loan on your van? For example, I pay only 3.5 % on my personal vehicle, so 8.49 is a bit high I think.
What is the term and amount owed?
 

mjb4ex

Active Member
Apr 29, 2016
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Matthew Butler
Risk...A second vehicle is more risk. Higher interest. Doesn't the factory usually have huge insentives for those vehicles? I'm assuming since your here, your using that promaster as your carpet cleaning van, not to haul around you 10 kids? Isn't that commercial use?

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mjb4ex

Active Member
Apr 29, 2016
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Matthew Butler
I got my van a few months back and am trying to find somewhere to refinance it for a lower interest. Right now i'm paying 8.49 percent. A lot of places don't finance commercial vehicles and most of them seam to consider the cargo van as a commercial vehicle. Have any of you had success getting a low interest loan on your van? For example, I pay only 3.5 % on my personal vehicle, so 8.49 is a bit high I think.
You have any prior military history, family? Your wife?

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Wec

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Jul 31, 2012
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dustin denton
If you qualify for navy federal credit union they are good

Starting in February 6 veterans will qualify for membership

If you have a family member that is or was a veteran it's a lot easier to join now



Just use them for credit cards and loans don't use them for checking accounts and saving accounts

I you have good credit and are financing a late model you can get in the 2% range 2015 and up for commercial
 
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mjb4ex

Active Member
Apr 29, 2016
282
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Real Name
Matthew Butler
If you qualify for navy federal credit union they are good

Starting in February 6 veterans will qualify for membership

If you have a family member that is or was a veteran it's a lot easier to join now



Just use them for credit cards and loans don't use them for checking accounts and saving accounts

I you have good credit and are financing a late model you can get in the 2% range 2015 and up for commercial
Exactly what I was going to say, NF rocks

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