What kind of Interest Rate would I be looking at for a used car loan?
I am still rebuilding my credit and my score is right around 600. I have 00 for the down payment + tag fees and all that other stuff. Would probably need to borrow between 00-10,000. To estimate I have been using 12% on all of the loan calculators which is the highest most of them allow me to use. Would do between a 48-60 month term if possible. Any ideas what kind of interest rate I can expect? I just finished paying off a 3 year car note with no late payments so that should hopefully look good for them.
February 7th, 2010 at 11:45 pm
If you can get something around or below 10% will be very good. Try this site
http://loanquotes.notlong.com
here you can view offers from different lenders.
February 7th, 2010 at 11:45 pm
It would depend on the cars year but you are close at 12% to 15%
February 7th, 2010 at 11:45 pm
my credit score is 589, i just started establishing 6 months ago.
i went to austin telco and got a loan for 5250 at 4.70% 230/MONTH for two years.
not too shabby. depends on what bank you go to more than anything i think. my boyfriend has better credit and his is like 12%
i would say anywhere from 4% ish – 15 % depending on where you go
February 8th, 2010 at 6:54 am
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