On a car loan bad credit what interest rate can I expect? I just bought a Chevrolet Aveo, news, and got 13 per cent interest rates.I save $ 4,000 a person know if this is bad down.Would interest credit or credit through interest.I know that in California if you have six to seven per cent interest in this is a good credit. I hope someone who works in finance can respond to this, the dealer will not tell me if I think my good credit rating or bad.Note: I have my 3 TRW.
Hello,
I have a bankruptcy in my past and the two vehicles have been my son about this and I just bought a used 2007 Taurus earned 8% interest rate car loan http://quick-and- easy-auto-loan-usa.blogspot. / COM. This is in Nebraska.
Hope this helps,
Stedphane
Great credit people can pay high interest rates if they are poor negotiators.
This is not an easy question. Good or bad credit were all varying degrees. Thats why there are numerical ratings.
The lower part of your credit, higher interest you will normally pay. Note that some buy here, pay here dealers, you do not pay interest EVERYTHING.
They sell you a car for $ 800 to $ 600 down with a balance of $ 4,500, but no interest.
Arkansas passed a law limiting interest rates to something incredibly low for everyone. This just ensures that they pay more than the car is worth rather than a high interest rate.
Many subprime finance companies charge up to 29.99%.
But again, everything is relative.
Would you rather pay $ 5,000 to $ 9,000 or 29% to 15%?
Just because you see one does not interest or low decent means that you are getting a good deal.
This rate is not terrible, but not great either, and I would say it falls on the lower end of an interest rate average credit (APR). I am a manager of finance and my specialty is to finance "subprime". Contracts often I write are of interest rates in adolescence than 20 Upper.
The best rates today for the new Chevrolet Aveo, or any new cat, are the order of 4.5%.
I would look to rebuild your credit and try to refinance. If you can enter what you mentioned 6-7% could save you some money in financing costs.
Hope this helps,
Justin
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Posted on February 26, 2010.
