Auto Loan Question For Those in the "Know"
So, I have seen a lot of auto loan questions flying around lately and to be honest never really gave it a second thought, but with the economy the way it is I figured I would as those in the "know".
So I have a 799 credit score and took out a 15K HELOC last summer. Little to no credit card debt [under 2K per month]. Mortage, and no other bills. What kind of rate will I be looking at for a 60 month loan? Thanks in advance. |
Average Loan Rates by Score 60 month loan
Interest Rates as of 12/12/2008 FICOŽ Score Avg Rates 720-850 6.745% 690-719 8.302% 660-689 9.549% 620-659 12.246% 590-619 15.463% 500-589 16.484% :thumbsup: |
once you past 750 its concerned perfect credit, you can get the lowest the company offers
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What kind of rates for people with credit scores of 900 or higher? I hope I get better rates than that! I have a credit rating of 939. Hope to get financing under 5%.. Damn economy stinks..:mad0260:
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I need to shut up now, knowing my luck, I'll get laid off of work tomorrow and will have to sell everything.. lol :yikes: |
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Now of course unless they changed the high end in the last week. :iono: |
Well, I am sure it is different between the three credit bureaus, but Trans Union gave me 939 and that my rating is 94% better that the U.S. population. My wife checked her rating later that night with a different bureau, I think it was equifax? Her rating was at 917.
So, if fico only goes to 850, I dunno, I suppose I am just special.. lol :D |
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There are many different "scores." I have personally seen 1 score over 900 in 20+ years of doing financing, so yes that is very possible.
It varies by location, but I would think that you could get low 5's for an interest rate, with your score of 799. There is one credit union in our area doing 4% apr until 02/02/2010. |
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So, what's the word from GM on financing? What's the scuttle butt on financing options for the Camaro? :iono: |
I dont know what my credit score is, but I have paid each and every bill on time and I always pay off my credit cars and I have no debt.
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So, what's the word from GM on financing? What's the scuttle butt on financing options for the Camaro?
I don't believe there will be any special apr on the Camaro when it debuts, but only gm/gmac knows for sure. The subvented interest rates are usually used to help sell cars that aren't moving. No worries for the Camaro for now, so probably no incentives. |
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