Auto Loans

[anthonyfellows]

Is Roadloans one of those creditors that is going to give you a high interest rate no matter what?  I was approved for 19K at 13.X percent on a 60 month new car loan and it's really high for what I was expecting.  My equifax score is 717.  Debts include 3500 left on a mortgage and 6K left on a student loan.  No credit card or any other debt.  Six years of credit history (I'm 24).  One negative mark on my report for making a payment on a previous car loan 30 days late while I was unemployed 4 years ago.

Capital One didn't approve me.  Up2Drive did approve me, but I'm not sure of the rate until I call them when they're back in the office on Friday. 

I don't expect to get a 5.X percent rate, but I really thought I would see something between 8 and 10 percent.  The 13% interest rate from Roadloans has just put a question mark in my head.

[anthonyfellows]

Update:  I've been trying to contact Up2Drive all day.  Was on hold for 45 minutes this morning and decided to leave a call back number.  Still no word from them.

However, Old National Bank approved me for 18K at 9.1% for 60 months this afternoon.  My previous auto loan was with them.  

[anthonyfellows]

Another surprise.  Toyota approved me at 7.5% today at the dealership.  I ended up coming home with my new Corolla S