5% is retarded to own a car, especially a new one.

I got 2.09% on a used vette with like 33% down, my fiance got 1.99% on a brand new jeep with ~20% down. Mine is a 60 month, hers is 63 month (long story but it ended up being a compromise to get what I wanted her to get from the dealer)
Anything over 3.5 is too much and you should fix your credit some/save up a bigger down payment




why so little down on that car? The payments and interest are gonna KILL you, and you are going to be underwater for soo long, you should stock up on scuba gear

5% is not that bad lol

The difference between 5% and 2.1% is like $500 a year extra in interest. Considering his credit score and what he put down its a fair deal.

Btw a lot of times dealers will offer a low if not 0% int rate but then you end up paying full price on the car, etc.... it is all relevant.

This post was edited by Killerme99 on Feb 10 2014 04:55pm

Why so bad credit?
Mine is like 845 and Im only 24...

You're a financial advisor asking questions about credit scores?

I have a 640 credit score "Fico" because 3 months ago I went and bought a brand new honda CRV, and 6 months ago I refinanced my house. My credit went from 740ish to 640 in 1 year. Does this make me less likely to be approved for a loan? No, lenders look at a lot of things when issuing a loan, or a lease. They look at length of credit, reliability "i've never missed a payment or been late on a payment", amount of credit, collections etc.

What sort of car are you looking at? Have you been delinquent? How old are you?

Nobody here can answer your question, only the lender can..

Never missed any payments on any of my credit cards, my past car, any of my bills. I've always been on top of them.

Plus a fully loaded car I've always wanted, msrp of 31,860, and I got it for BELOW invoice at 27,250 and there was 4,000 neg equity put on top of it.

I'm quite happy and content with 4.99 and 1k down... Based on my credit.

Plus I got the better deal on the car cause my GF works for one of the sister dealers of the VW dealership I bought it for. And they all know her GM and used to work with him plus I was a past employee at one of the other stores so they went out of their way to get me the best deal they could based on my credit and such.. Which they did, trust me.
(Autonation btw)

So I'm quite happy with it all.

Not many people will get below like 3% here in Las Vegas. If they do it's usually really high credit.. Of course. And that's a dime a dozen it seems in vegas

if you are happy then that is all that matters

to many people care what other people think these days

Seems legit.


Heh.

Put oil on the headers till it burns and makes smoke and then see where the air is moving....


Duh that's like auto 101

How much is your mortgage?

and insurance and and and and and


lol