No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I got a pre - approval for a car worth $9,995.
The sales person said I got a pre-approval, but I need $1,100 down and it's going to be $242/month for 60 months with 12.99% APR. I know sales person try to take my down payment.
My question is: Is $242/month a fair deal with $1,100 down?
@athan12 wrote:I got a pre - approval for a car worth $9,995.
The sales person said I got a pre-approval, but I need $1,100 down and it's going to be $242/month for 60 months with 12.99% APR. I know sales person try to take my down payment.
My question is: Is $242/month a fair deal with $1,100 down?
The $242 per month isn't as important as the 12.99% APR. I would try to get them to lower the APR or shop around.
With a 619 FICO? Shop around.
Try applying to maybe LendingTree so you can get your app sent to a bunch of institutions. Also try CapOne and Roadloans. Only after you get an interest rate from them, should you go with the dealer's 12.99%. Also when you shop around and get a lower interest rate, go back to the dealer, tell him, and make him compete. Watch in amazement as your approval at the dealer most likely comes down.