New Member
Posts: 10
Registered: ‎04-30-2008

Finance through the dealer or get pre-approved?

My wife and I went to a Honda dealership recently, and they ran our credit. They offered us 6.8%. I believe our Experian scores were around 750. Should I look at getting a pre-approved auto loan online or stick with the dealer for financing? Thanks
Valued Contributor
Posts: 1,060
Registered: ‎02-13-2008

Re: Finance through the dealer or get pre-approved?

6.8% for those credit scores is too high.  Shake them down or get financing elsewhere.
For a 48 month loan on those scores you should be at like 5.25%
Mortgage Lenders Mid-Score 778 I AM A HOMEOWNER!!!!! 30 Year 5% Fixed Rate, closed on 3/18/09

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