i was approved for a loan of for 10,000 at a rate of 12%. i have really good credit but also have another vehicle being paid..is this rate too high??
2007-09-08 22:55:21 · 7 answers · asked by T. N 7 2 in Cars & Transportation ➔ Buying & Selling
Thats about double what you should be paying with good credit.
2007-09-08 22:59:30 · answer #1 · answered by cimra 7 · 0⤊ 0⤋
1
2016-09-27 21:42:30 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I recommend you to check this site that can solve your doubts http://www.FINANCE-SOLUTIONS.INFO
RE:Is a 12% interest rate on an auto loan too high??
2014-07-23 19:06:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
If you have a credit score above approx. 675 it is too high. Check with your local banks. Dealerships frequently "mark up" the interest rate and get a nice commission from the lender.
2007-09-08 23:28:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Kinda;sorta
2007-09-08 23:31:27 · answer #5 · answered by joystoy33 3 · 0⤊ 0⤋
good credit nowadays should yeild you a rate of about 8%, maybe 6 at a credit union.
unless of course, this is an older used car, then it's good.
2007-09-09 02:23:11 · answer #6 · answered by jay 7 · 0⤊ 0⤋
do the math and see how much you will be paying off in the end versus the price of the car! then come see me. i have some ocean front property in the sahara desert for sale!
2007-09-08 23:09:37 · answer #7 · answered by spynonu1968 2 · 0⤊ 0⤋
Yes.
2007-09-08 23:03:23 · answer #8 · answered by regerugged 7 · 0⤊ 0⤋
I recommend you to check this site that can solve your doubts FINANCE-SOLUTIONS.INFO
2014-05-14 01:46:50 · answer #9 · answered by Anonymous · 1⤊ 0⤋