auto loan rates

March 23, 2011

Is it safe to check loan approaval?

Maya asked:


I am about to buy a 2007 Corolla LE. I want to check the best interest rate for an auto loan with bank of America (where I have an account), capital one and local credit union before hearing the dealership rates.

I have pretty good credit score. (Experian : 740). No other loan and debts. But less credit history. Only 1.1/2 years, and my monthly income is around 1800. So if I apply online for Bank of america and Capital one auto loan to check how the rates are, will that affect my credit score when I go to dealer after 2-3 days?


March 21, 2011

How long do i have to wait before refinancing my auto loan?

Filed under: Credit — Tags: , , , , — admin @ 6:00 pm
luvbug7982 asked:

6 months? a year? im working on my credit, its getting better and better but i just bought a car, interest is a little high but i got it hoping that making my monthly payments on time will also boost my credit rating. Of course, i dont want to end up paying all the interest on it so im wondering how long i should wait before trying to refinance with another bank at a better rate?


March 5, 2011

what kind of interest rate im looking at for an auto loan with a credit score of 750?

mememe asked:

I want me a 2005 chrysler sebring so baddddd!! And whats the best place to apply for that loan besides my shady credit union? I been with my credit union for 6 years now…and if i was to take my income tax check there they crazy @#$%^ want to hold it for 10 days, like the dam check aint mines!!


February 17, 2011

Need help with a Bad Credit Auto Loan?

decemberkitty02 asked:

Has anyone got a bad credit auto loan? I need one, and can’t seem to find one. I’ve tried applying for a bunch, and can’t seem to get one.

I’ve worked at my job about 10 months, rented for about 1 year 2 months, and make about 1500 a month gross. My credit has been awful since June when I stopped paying on about 8 different credit cards. So it’s definately rated at BAD.

Any feedback would be great! Thanks in advance!


January 18, 2011

How is the interest on my auto loan calculated?

Filed under: Credit — Tags: , , , , — admin @ 8:39 pm
Jessica B asked:

My interest rate is 2.9% and every month, the amount that goes towards interest fluctuates (up and down) by as much as 10 dollars even though I pay the same amount each month. Is the interest calculated monthly (.029/12) * Amount Remaining or is it calculated factoring days in the month and when I paid?


January 2, 2011

How long do you have to wait to refinance an auto loan?

Filed under: Credit — Tags: , , , — admin @ 4:57 pm
Albert s asked:

i baught a truck 2 months ago with high payments and high interest rate 30+ percent. The dealer told me i should wait at least 6 months to refinance it and a year if i want to trade it in? I refinanced it with a bank. If i refinance it do i have to put ANOTHER down payment?? thanks!


December 18, 2010

Is it realistic that I will get this auto loan?

ceazon22 asked:

i went to an Acura dealer today to look at an Eclipse i want for $4995. I have bad credit because of 2 credit cards, 1 bounced check with Wal-mart and some unjust charges(to me) from Key bank. But I have a paid off auto loan through Chase. Before i went on I talked to the dealer on the phone and he said they dealt with banks who financed good credit and bad credit applicants. I went in filled out the credit app. and he Said he’ll contact me on Monday with an answer( I guess because the banks aren’t open on the weekend?) but I’ve done the math with the price of the eclipse, my trade-in, and what I make. And I would easily be able to afford payments on a 5- year loan. The thing is I’m still in school and only work part-time and make around $9000 per month. Will they look at that as too low? And what do you think my interest rate would end up at? more than 15%? thanks for the answers
I meant I make $900 per month not $9000, sorry.
tmladenka, STFU prick, I’m halfway trough my college degree and upon graduation I’ll be making more than your sorry ass will ever dream of. And I guess I have to wait till Monday because there was only about 45 minutes until they closed. BTW I just looked up my credit score and it is 548. It’s kind of bs, because my paid off car loan is by far more in numbers than any of my debts.
and 1 more thing, read the details added people I MAKE $900 A MONTH NOT 9000! THAT’s WHAT WE CALL A TYPO ;)
also, I should’ve mentioned that after doing the math ie. trade in, interest, income, My payments would be under $100 monthly on a 5 year loan.


December 6, 2010

What auto loan companies use Equifax only?

Filed under: Credit — Tags: , , , , , — admin @ 1:06 am
dick asked:

My score is highest on Equifax 704, but on my Transunion it is a 620. I know in order to get approved and get a good rate my score needs to be high. Are there any companies that only look at one credit report?

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