@way2evil wrote:
@Dustink wrote:
Anything over 10% is a scam. Speak with credit unions ect. You are bound to be able to find something under 10%. The market is rock bottom for interest rates on secured loans.
I am a first time buyer with a score under 700 and I was approved for 3% on used and 2% on new with USAA.
Is that so?
Since you think 10% is such a great interest rate, why dont you set up your own finance company at a fixed 10% rate on every deal and I will send you a hundred loans a week at that rate.
When you have someone with two reposessions and banged up credit, 25% is a blessing.
Or maybe they shouldn't be financing another car. Although, if LTV was strong I would gladly approve them at 10%.