topic Re: Best bank for 50- 60K auto loans? in Auto Loans

Best bank for 50- 60K auto loans?

DimitriTodd — Tue, 15 Nov 2011 03:41:28 GMT

I am going to be purchasing a new car in about 1-3 months and wanted to know out of all the banks which ones are going to be my best option? (50-60K loan)

Re: Best bank for 50- 60K auto loans?

Anonymous — Tue, 15 Nov 2011 03:47:43 GMT

@DimitriTodd wrote:
I am going to be purchasing a new car in about 1-3 months and wanted to know out of all the banks which ones are going to be my best option? (50-60K loan)

Best option meaning what?

Easiest to get approved? Lowest rate?

What is your credit history/score?

Re: Best bank for 50- 60K auto loans?

DimitriTodd — Tue, 15 Nov 2011 03:52:12 GMT

Who is the easiest to approve with a low rate?

Also, good history/low score with a late back in 07, no lates since then. By the time I actually purchase the two collections on my report will be gone.

Re: Best bank for 50- 60K auto loans?

Anonymous — Tue, 15 Nov 2011 15:37:15 GMT

Are you talking abou a new car in that range (i would hope)? If so, then usually the best place to finance you is the financing arm of the company you are buying from. They are more inclined to work with you to make a big deal go through.

With scores that low, you are going to have a pretty high interest rate if approved and will pay a LOT in interest. What is your income and DTI?