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You can get a car loan with a credit score of 500, but it may result in a much higher interest rate. You are likely to pay between 10-15% in interest, and you may even pay as much as 20% in some ...
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...
Car loans are one of the most common types of debt among consumers in 21st century America. While auto loans are not as common as credit cards, the majority of Americans (62%) have an auto loan in ...
Shopping around is the best way to compare your options. Here’s what to know.
So combining a down payment of around 10% with gap insurance or new-car replacement coverage will let you keep more money in your pocket without the risk of being underwater on your car loan.
Credit mix (10% of my score): In a nutshell, lenders want to see that you can be responsible with a variety of different forms of credit, so the FICO formula rewards a diverse mix of accounts. By ...
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