@Anonymous wrote:
Generally its an approval for no more than a certain amount, for a certain length and APR. Usually, if you request a longer term (60 or 72 months) your interest rate will be higher.
Also generally banks / CUs will have lower rates for new and late model, older cars will be slightly higher.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
