I want to buy a new car but my credit score is 660.What kind of interest rate would I get?
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I had credit problems in the past but its been two years now since I graduated from college and now with a good job I am trying to fix my credit. I pay off already most of my old debt that was in collection. I also have one judgement in my credit report. Should I wait a few months till my credit score is better? My credit score have improved a lot in the last two years. I also check my VantageScore and that is an F or 595. Do car dealerships check both credit scores FICO and Vantage? The car I want is a Honda civic and my income is around 40 k
I want to buy a new car but my credit score is 660.What kind of interest rate would I get?I wouldn't buy a new car. Who needs the payments? I'd save up and get some basic transportation until my credit position gets better. But I have no doubt a car dealer can get you in a new car. Your interest rate won't be great (I'd guess 9 or 10%) but you can build up your credit score provided you make your payments.
I want to buy a new car but my credit score is 660.What kind of interest rate would I get?Car dealers want to sell cars. They will try to make you happy.
I want to buy a new car but my credit score is 660.What kind of interest rate would I get?They check your FICO score.If you can get a co signer then it would make things a little easier. I would also think about getting an American made car.I have a lower score then yours and I was able to get a Chevrolet Cobalt for only $350 a month and that's without a cosigner.American companies are easier to get financed through.Just be careful when you do buy a car-a lot of dealerships will let you take the car home and then call you back and say you were not approved and you have to take the car back.Good Luck!
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