2007-03-04 06:51:31 · 4 answers · asked by cutie pie 3 in Cars & Transportation ➔ Buying & Selling
that first answer is not at all true.
when it comes to most financing, you are placed into tiers, based on your creditworthiness, which is largely related to your credit score. Which means that someone could pay 4.9 apr or 15.9 apr for the same car, just different credit worthiness.
Some auto mfg have programs that may have blended rates, meaning, as long as you are approved you will pay the same rate no matter the credit, such as bmw leasing, if you are approved for the lease and you only have a credit score of 650, you will be charged the same money factor (rate) as someone with an 800+ score. but this is only available on mfg subvented rates.
2007-03-04 08:21:08 · answer #1 · answered by jay 7 · 0⤊ 0⤋
Of course credit related to every thing anyone can get aproved but only the intrest will vary
2007-03-04 07:01:24 · answer #2 · answered by CJ 2 · 1⤊ 0⤋
no, it's set daily and does not change based on the individual.
however, the points they add do.
2007-03-04 06:58:48 · answer #3 · answered by Anonymous · 0⤊ 1⤋
no
2007-03-04 08:20:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋