Re: WHAT KIND OF AUTO LOAN RATE SHOULD I EXPECT??
01-25-2013 01:27 PM
The recent positive payment history is helpful but the repo is killing you on the rate. My experience is that auto dealers and their captive lenders use automotive enhanced scores so a FICO score based on other models isn't always a great guide to go by. Either wait until the repo drops to make your next purchase, or worst case finance the new Camaro at a crappy rate now and refi once the repo drops off.