Has anyone done it?
I initially got a loan with Tesla (US-bank) but found a much lower rate soon after, so submitted for them to match it, and they did. They are supposed to be sending me a check (rate match rep said they should have sent it last week).
In the mean time, I've found another CU with an even lower rate, which I plan to refinance too. The problem is, the low rate is promotional, and ends July 31.
So two questions:
1) Has anyone successfully refinanced after getting the rate match? Any consequences?
2) Has anyone done it before receiving the check? What happened?
I know doing this seems like cheating, but even my sales rep said it was ok, and lots of his customers did it.
Appreciate hearing everyone's experiences.
I initially got a loan with Tesla (US-bank) but found a much lower rate soon after, so submitted for them to match it, and they did. They are supposed to be sending me a check (rate match rep said they should have sent it last week).
In the mean time, I've found another CU with an even lower rate, which I plan to refinance too. The problem is, the low rate is promotional, and ends July 31.
So two questions:
1) Has anyone successfully refinanced after getting the rate match? Any consequences?
2) Has anyone done it before receiving the check? What happened?
I know doing this seems like cheating, but even my sales rep said it was ok, and lots of his customers did it.
Appreciate hearing everyone's experiences.