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Regular Contributor
codesingh
Posts: 245
Registered: ‎12-27-2012

1.7% with Chase (JP Morgan) for a used 2011 sedan is that good?

Hey all, I am not sure if this is the best I could get. The offer running for all(creditworthiness) is 1.9% and I asked for even better rate and the dealersihp came up with 1.7 with cahse. I wonder if i could get even better apr.

~ 100k in Rev CC. 15k Credit Line. 16.5k Car Loan(@1.7%) Starting scores: 690 EQ (Dec 2012) Mid-year FICO scores April ‘13 Pulled by lenders(Barclays, Amex): TU 747 • EQ 752 • EX 746 • Scores As of Nov 2013: 740 and above across the board.
Established Contributor
sccredit
Posts: 770
Registered: ‎09-14-2012

Re: 1.7% with Chase (JP Morgan) for a used 2011 sedan is that good?

Thats an excellent rate on a used car

Mortgage $299k/$310k
Autos Loans $49.5k/$60k
Unsecured Lines $157.2k

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New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012

Re: 1.7% with Chase (JP Morgan) for a used 2011 sedan is that good?


sccredit wrote:

Thats an excellent rate on a used car


+1

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
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Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: 1.7% with Chase (JP Morgan) for a used 2011 sedan is that good?

Make sure the rest of the deal is good. They might be changing numbers in other places to give you the good rate.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
CashOnDelivery
Posts: 502
Registered: ‎04-17-2013

Re: 1.7% with Chase (JP Morgan) for a used 2011 sedan is that good?


Dustink wrote:

Make sure the rest of the deal is good. They might be changing numbers in other places to give you the good rate.


+1. This is very true. I've heard stories of buyers so "happy" with the rate and forget to look over the contract for hidden fees or extra charges.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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