Good points, but have you actually run the numbers on bundling? I tried it once thinking I'd save big, but turns out the auto loan rate wasn't as competitive as advertised. Ended up refinancing separately later anyway... lesson learned the hard way.
"I tried it once thinking I'd save big, but turns out the auto loan rate wasn't as competitive as advertised."
Interesting point—I've had similar experiences myself. Bundling always sounds appealing upfront, but I've found that lenders often offset savings in one area by quietly padding rates elsewhere. When I refinanced my mortgage a couple years back, the bank pushed hard for me to bundle with a home equity line. On paper, it looked decent, but after crunching the numbers separately, the standalone HELOC from another lender was clearly better. Makes me wonder how often people actually benefit from these bundled deals versus just assuming they're getting a good deal because it's convenient.
Have you noticed if bundling tends to be more beneficial with certain types of loans or financial products? I'm skeptical, but open to hearing if anyone's had consistent success with it.
I've noticed this too—bundling can be a sneaky little game sometimes. A couple years back when refinancing, the bank offered me a "special" bundled deal with life insurance. At first glance, it looked pretty decent, but once I started comparing separately, the insurance rates were way higher than what I'd get shopping around independently. Kind of felt like buying overpriced popcorn at the movies just because it's right there and convenient...
That said, I've seen a few cases where bundling actually worked out—usually with checking/savings accounts offering a small rate discount on mortgages if you set up direct deposit or auto-pay. But bigger loans like auto or HELOCs? Seems way less common to actually get ahead by bundling those.
Curious if anyone here ever found a bundled deal that genuinely beat out separate products in the long run.
Funny enough, I actually had a bundled HELOC that worked out pretty well. Got a slight rate cut by linking it with my checking account... wasn't a huge win, but definitely better than popcorn prices at the movies, lol.
Interesting, but did you crunch the numbers to see if bundling actually saved you more than shopping around separately? Sometimes these little perks sound great, but banks usually find sneaky ways to balance things out... just sayin'.
