2007-05-13 12:12:49 · 3 answers · asked by Ruprick 1 in Business & Finance ➔ Credit
Auto finance is what I do for a living and there simply is no set rate.
Finance Rates are based on the following items; LTV (loan to value) this is the amount of money you are borrowing in relation to what the vehicle is worth by N.A.D.A., term of loan (how many months), age of vehicle, miles on vehicle, how long you have been at your residence/on your job, how much money you make every month before taxes, how much you are putting down and what your credit profile is like.
2007-05-14 03:13:21 · answer #1 · answered by ? 7 · 0⤊ 0⤋
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2016-09-26 07:27:14 · answer #2 · answered by Candice 3 · 0⤊ 0⤋
There's no standard rate.... you have to shop around. Figure that the rate offered by the car dealer is going to be the worst possible you can find....then check out your local banker, where you have your accounts. You can try the internet... but your local bank will probably be the best deal.
2007-05-13 12:17:01 · answer #3 · answered by squeezie_1999 7 · 0⤊ 0⤋