2006-08-10 07:36:10 · 8 answers · asked by tirl28 1 in Business & Finance ➔ Personal Finance
It will be high cause people with low credit scores get punished for their lackadaiscal bill paying or bankruptcy. Clean your credit up and you may be able to get a more normal rate of like 4-8% like people with good credit . You help keep rates down for us though and that is the bright side but then again we pay our bills and on time .
2006-08-10 10:16:26 · answer #1 · answered by Anonymous · 0⤊ 3⤋
Why is it 598? I am a finance manager at a car dealership. Do you have collections, divorce, reposetions, bankruptcy? If not you have a low score because you are just either careless with paying bills or your debt to income ratio is high. Meaning your monthly responsibilities amounts very closely to what you make in a months time. You will have a high interest rate. In my area, someone with that score is going to be at about 13%. But, you have to take into concideration also of the age of the vehicle you are purchasing, if you have a trade that you owe on and if you are putting money down. Dealerships do not give rates or finance vehicles. It's the financial institutions that they work with. Just go to a dealership and see what they can do for you. Chances are you will not need a co signer if you are on the right vehicle. Good Luck!
2006-08-10 07:45:04 · answer #2 · answered by indigonipple 3 · 0⤊ 1⤋
I just recently purchased a car and my credit score is a bit higher than yours. I got 9.9% on $23,000 with no down payment... just a trade-in.
I have to tell you this.... the finance guy told me flat out, it is easier to buy a house than a car. The reality is... a car depreciates much faster, people tend to miss car payments more often than car payments, and cars are considered "disposable."
If I were you... I would go to various dealer websites, find the car you want, put in how much you want to pay per month and then get a quote online. Print that quote and take it to the dealer. They have to honor it.
2006-08-10 07:45:14 · answer #3 · answered by Gail R 2 · 2⤊ 0⤋
598 Credit Score Car Loan
2017-02-23 14:58:10 · answer #4 · answered by ? 3 · 0⤊ 0⤋
not a very good one I'm afraid, probably around 20% I would try to find someone to Co-sign or buy a car for cash. you will still be able to get a car, but it will cost you more. good luck
2006-08-10 07:43:48 · answer #5 · answered by Ivan D 3 · 0⤊ 0⤋
exciting? Oh heck yeah! 10 out of 10! Informative? Bahahahahahahahahahahahahahahahahahahaha... i'm think to take heed to advice given right here????????????? or have self assurance as fact, human beings posting rubbish from fairly some knucklehead web content? do no longer make me snort. ! yet exciting as all get out!
2016-12-11 06:28:04 · answer #6 · answered by erke 4 · 0⤊ 0⤋
That will depend on where you buy the car each place have different rates. and banks have there own rates they go by on car loans.
good luck
2006-08-10 07:41:02 · answer #7 · answered by ? 5 · 0⤊ 0⤋
I can say for sure is from 13-20% interest
2006-08-10 09:33:29 · answer #8 · answered by Hoa N 6 · 0⤊ 0⤋