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switching car loan to another bank

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  • 12-10-2017 10:10pm
    #1
    howyegettinon1
    Registered Users Posts: 318 ✭✭


    getting hit with 8.5% on a car loan by BOI, I can see alot of banks offering to switch mortgages for a cheaper rate, same apply with personal/car loans?

    If so who offers the best rates?

    I did google this but all the results are about switching you mortgage or compiling your loans into you mortgage
    Tagged:


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    #2
    McMurphy
    Registered Users Posts: 13,365 ✭✭✭✭McMurphy


    howyegettinon1 wrote: »
    getting hit with 8.5% on a car loan by BOI, I can see alot of banks offering to switch mortgages for a cheaper rate, same apply with personal/car loans?

    If so who offers the best rates?

    I did google this but all the results are about switching you mortgage or compiling your loans into you mortgage

    Step 1. Find out how much it would take to clear finance on the car.
    Step 2, shop around for a personal loan for the amount needed with for the same time/monthly payments remaining on the loan, but at a cheaper rate.

    Not that big a conundrum really op.


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    #3
    Ken.
    Closed Accounts Posts: 12,898 ✭✭✭✭Ken.


    Mod-Moved to Banking & Insurance & Pensions forum. Please read the local charter before posting. AH type answers could get you banned here.


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