Question : What is a good interest rate for financing a car?
My credit is 603, I'm planning to buy a car in 4 months.What can my interest rate be?What is a good interest rate?Thanks
- asked by ticosport9
All Answers:
Answer #1
I dont know.. sorry
- answered by Tanita
Answer #2
Not a bad score, average is 650, if you buy a newcar there are incentives, 3.9 to 6.9%
- answered by william c
Answer #3
I just bought a used car through my credit union.I got a rate of 6.5% with 20% down. No money downwas 7%. The dealer offered 7 and 7.5%. New carincentives are tricky. The 0% rate may be goodbut you will get less discounted. So get yourbest price and see what the payment will be at the6.5, 7 and 7.5 rates. Then see what your paymentwill be with the 0%. A good dealer understandsthis totally and will help get you the bestmonthly payment so he/she can sell the car.A wordof warning on buying from a private owner. Ratesmay be higher and you will probably get a 30 feetor 30 second warranty whichever comes first. You603 should not have any affect, its not bad.
- answered by Beau T
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measure and fulfill your financial needs
