Frequent Contributor
Posts: 260
Registered: ‎08-29-2011
Re: Trying to figure some things out....

Depending in what state you live in, you can expect an APR anywhere from 10.29% to 16.78%.

With $5,000, you should be fine to get a new vehicle with an MSRP of $22,000. But in my opinion, you should get something that is less, because of the high APR that you will get and trade it in a couple of years. As long as you pay on time and keep everything else in good standing, you should qualify for a much lower APR then.

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