thanks
2007-09-13 15:23:13 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you have good credit, shop around for 0% financing deals. Usually the American cars with give you 0% up to 5 years on certain models instead of a rebate.
The foreign cars like Nissan, Kia, Hyandai and Toyota sometimes have 2.9% rates going for new cars.
Go to the car make website you are interested in (like kia.com, chevy.com, etc) and click on special offers/promotions to see what finance deals they have on new cars in your area. Best deals are on the leftover 2007 models right now.
Good luck!
2007-09-13 15:30:20 · answer #1 · answered by Know It All 2 · 0⤊ 0⤋
What's a Good Credit Score?
Credit scores (usually) range from 340 to 850. The higher your score, the less risk a lender believes you will be. As your score climbs, the interest rate you are offered will probably decline.
Which parts of a credit history are most important?
Use these percentages as a guide:
35% - Your Payment History
30% - Amounts You Owe
15% - Length of Your Credit History
10% - Types of Credit Used
10% - New Credit
2007-09-13 15:33:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Each bank has it's own rules and rates. Every bank publishes what's called a "rate sheet." This is a sheet with a grid on it that basically says - if you're borrowing "this" much and your score is "this" high then "this" is the interest rate. The better the credit score the better the interest rate.
One thing you can do is get pre-approved from a lender. You're welcome to visit my site here:
http://www.1-800badcredit.com and check out my pages on first time car buying and how to negotiate for a car.
Dealerships love to take advantage of first time buyers by sticking them with high interest rates. By getting pre-approved you can negotiate from a better place cause you'll already know how much vehicle you can afford and what the payments and interest rate will be.
Good luck to you! Do your homework about the vehicle you want and read my articles about negotiating. Don't let anyone walk all over you just because you're a first time buyer!
2007-09-13 17:09:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your Credit score, payment history, and financial history as well. As it also depends on the dealer as well. There is a huge credit crunch right now since the two year boom is over, and many people are just hard up on cash since now they pay a morgage of 1400 a month or more. So make sure you haggle over the car and interest rate. Car dealers are desperate for business.
2007-09-13 15:47:21 · answer #4 · answered by christain gurl 2 · 0⤊ 0⤋
This Site Might Help You.
RE:
How do you know how much annual percentage rate you can obtain when buying a new car?
thanks
2015-08-19 03:29:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you are asking what the interest rate will be on a new car loan the simple answer is this. Your credit score determines the interest they charge you. The length of the loan also determines the Interest rate.
2007-09-13 15:36:47 · answer #6 · answered by mccoyblues 7 · 0⤊ 0⤋
Your APR is often decided by your credit score. each financial institution sets their rates so it's best to shop around for the best ones before applying.
2007-09-13 15:28:46 · answer #7 · answered by Keith 2 · 0⤊ 0⤋
You will do a credit application, and they will evaluate and tell you what rate you qualify for.
2007-09-13 16:21:22 · answer #8 · answered by oklatom 7 · 0⤊ 0⤋
Your APR is often decided by your credit score.
SO ASK YOUR BANK OR CREDIT UNION.
2007-09-16 03:01:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋
By asking your bank or finance company...duh!
2007-09-13 15:26:49 · answer #10 · answered by onceisenoughilearnedmylesson 5 · 0⤊ 0⤋