Saturday, August 8, 2009

This is for the experts:Where is there a chart of what you credit score is to what % a car loan coul

Getting ready to purchase a car, and just doing some homework before I have any finance company or credit union/bank check my credit and make an offer..



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

i wouldnt think there is a specific % rate there.



it all boils down to your own circumstsances, as u know, and the amount borrowed and how long, this tallyed againt your credit score calculates the % rate u pay.



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,



http://best-loans.awardspace.com/guarant...



You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

20% or less of your take-home income is what you should be spending on a car. (http://bankrate.com/brm/green/auto/basic...



About the credit score chart, its not exactly like that. It is definitely true that your credit will be considered, however, there are lots of different auto lenders who have lots of different programs.



Here are the best ways to be ready:



1.Know what credit you have - the good, bad, %26amp; (hopefully not) ugly.



2.Know how much you can afford - car payment, upkeep, and auto insurance (and if it will be getting different mileage from your current auto, the gas mileage - if you are getting something more fuel efficient this may offset some of the other costs)



3.Know how much the car you are looking at SHOULD cost(www.kbb.com)



4.Go to your bank or credit union and get a loan approval all set up so you can really negotiate without worries at the car lot. (check bankrate.com to know the going interest rates first, then, if you are offered one that is much higher, find out why - this way you know to work on something specific to improve your credit OR to shop for a different loan)



I have been in finance %26amp; sold autos %26amp; insurance, so all of this is based on real life experience. Good luck!



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

There is a lot of useful and intresting information here to help answer your quetion.http://carloan.featured-resources.info/c...



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

I have a better idea:



Take the cash that you were planning on using for a down payment, and instead buy yourself a used car.



Then take the cash you were planning to spend on car payments, and put it in a savings account, and upgrade your car as you get more money.



http://www.daveramsey.com/etc/lms/drive_...



This is for the experts:Where is there a chart of what you credit score is to what % a car loan could you get.

Scion provides a detailed matrix.



Fair Isaac (the FICO credit score company) has a chart on the home page of its consumer web site, myFICO.com.



There is, also, a more detailed one a few pages in.



And, I know that as a really, really ridiculously good looking high-fashion model, you%26#039;re in New York, Derrick. So, right across the river, the state of New Jersey has prepared an excellent fact sheet.

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