What type of credit do I need to purchase a used car? My credit score is a 619 and my wifes is a 632. I have $2,500 down and the car is $11,877. What type of intrest rate am I looking @?
2007-02-28 05:33:10 · 3 answers · asked by Don't play w/ me 1 in Cars & Transportation ➔ Buying & Selling
You can expect 9.39% for a 2005 vehicle (or older).
A 2006 is still considered new and you can expect 8.54% for that.
My credit was similar to you and this is what I was quoted (and obtained) via State-Farm Bank. Lien Holders need to remain competetive so expect similar figures from most.
Good Luck.
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2007-02-28 05:44:43 · answer #1 · answered by rob1963man 5 · 0⤊ 1⤋
With 8k down, it actually will on no account be troublesome in any respect. you're able to could pay slightly extra interest, even yet it fairly is going to likely be uncomplicated to get one. the wonderful time is whilst the recent vehicles are rolling out, or whilst they are having different huge sales. in basic terms shop a watch on the papers and doubtless call around to ask what their upcoming sales would be. additionally be confident to ask them approximately their software vehicles. they are oftentimes extra cutting-edge with purely some thousand miles, yet in view that vehicles depreciate so speedy those would be lots extra fee-effective. you will even have faith them extra in view that they have been pushed by potential of the proprietors themselves for advertising applications. in basic terms be sure you do your learn, and bypass with an outstanding company, an stunning style of companies will attempt to swindle you, so be careful.
2016-10-16 23:00:30 · answer #2 · answered by dusik 4 · 0⤊ 0⤋
Neither one of you have good credit..... so expect 9% or higher.
2007-02-28 05:37:29 · answer #3 · answered by Anonymous · 0⤊ 2⤋