Moderator Emeritus
Posts: 10,932
Registered: ‎12-30-2011
Re: Bummed!!
[ Edited ]

bodybuilder510 wrote:
Congrats... 9% is marked up, car is brand new. With your scores, 5% is reasonable. Fight hard

5% from dealer financing on a new car with a 630 credit score?   That would not be common in my opinion; likely can do better elsewhere but 9% isn't unreasonable in this instance.  As others have posted, refinaincing in six months can likely reduce the interest rate by some amount.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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