How would i find out my interest rate?

Question

I am looking to by a car that costs 9,930$..
I am 18 but I have no credit. If I have a co signer, will they use his interest rate or mine? && how do you find out your interest rate?

Answer 1

Your interest rate depends on where you get your loan from. To find out what it is, contact that company/bank.

Typically, a loan by someone with no credit has a high interest rate. Since you have a co-signer with credit, it will reduce your interest rate. How much it is reduced depends on his/her credit. But the loan will be in your name, with your interest rate (just reduced because you have a co-signer).

Good luck!