It seems when the gave me the car they had not got a lender. I have signed the paper work with the dearler at 12.1 % apr. This was just last week. Can I go back and renegotiate the deal to have a better interest rate. What is you take in getting a lowwer interest rate.Thanks
2007-06-01 05:28:29 · 7 answers · asked by fun_easyintelligent 2 in Business & Finance ➔ Credit
You should have negotiated the lower rate BEFORE you signed the contract. It's too late now!
The only thing you can do now is try to refinance the loan at your own bank. Banks do this all the time, so just ask.
2007-06-01 05:33:06 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Bad credit huh? Good credit will give you a rate of 5-6%. Excellent credit will five you the lowest rate possible. The irony is the people most in trouble with their credit end up paying more than people who have the better credit. If you have a hard time with finances, I suggest taking some classes in money management. The average debt is $9000 credit cards per person living in the U.S. alone.
2007-06-01 12:41:49 · answer #2 · answered by Your #1 fan 6 · 0⤊ 0⤋
You could find your own lender and refinance the loan, but you can't renegotiate the terms you already signed on.... sorry
2007-06-01 13:35:19 · answer #3 · answered by JC 2 · 0⤊ 0⤋
yea for real (guy above) or what i did was go to my credit union and see if i could refiance through them with a lower interest rate
2007-06-01 12:36:08 · answer #4 · answered by inked girl 4 · 1⤊ 0⤋
Well you signed it already. Too late!
2007-06-01 12:36:04 · answer #5 · answered by Ronald 1 · 0⤊ 0⤋
go to a credit union..
2007-06-01 12:35:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Look in the mirror, and see stupid.
2007-06-01 12:47:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋