I am pre-approved with Springboard auto based on a soft pull. Is the interest rate they show on the pre-approval the same as the final int. rate if you use them to purchase? Also, I noticed they charge closing cost fee.
I am pre-approved with them for a loan. My credit score is 639 and the rate they are quoting me is 8.69 % with a 3-4k downpayment. The car I am looking is $18k. Their interest rates are just a little bit higher than Alliant CU. In comparison to Carvana.com they are substantially lower. Carvana is quoting me a 11-12% on a similar score, according to Carvana they use Vantage 3.0.
If you finance with springboard..Can you add the property taxes to the loan?
Springboard auto just confirmed that YES they do issue you a check to pay sales tax back to the state when a car is purchased.