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We were turned down by Capital One, Wells Fargo, but approved by GM Financial?
We just bought a 2014 Chevrolet Traverse for 34K, had to put down 2K, or else no deal (we were told). Our scores: Me (CK 558, CS 599), Her (CK 559, CS 607). Our interest rate shocked me at 9.9%; we thought it would be closer to 17%. We were told that only GM Financial would approve us. We just received the typical rejection letters from Capital One and Wells Fargo; it seems that those are the only other two that showed up on our credit reports for the auto loan. Did we get lucky, or should we maybe refinance right now? We were going to wait 6 months to refinance, but it just seems odd (GM at 9.9%, instead of Unknown Bank at 17%).

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