25 Jeep Purchase Help

[Reddog1873]

Hi

First time poster and thought I would solicit some help from the experts.

My FICO 615

spouse FICO 625

I have one open CC with a balance that I am working to pay off within 1-2 years. I make the monthly payments. I am looking at getting a 2025 Jeep Grand Cherokee Limited. Was pre approved by Capital One at 9%.
-With my credit score is an interest rate between 5.99%-7.25% attainable?

-Has anyone had any luck financing through Chrysler and getting a good rate with a similar FICO score?

Appreciate the help.  Have a job that pay 6 figures.

[FicoMike0]

Welcome to the forum. There are some real experts here. If I were you, I'd ask for advice improving your scores. If you have a card account you plan on paying over two years, I'm guessing you have high utilization. Maybe you could get a personal loan at lower interest to pay the card off. That would save money and boost scores.

[junebug225]

To answer your question. With today's rates, 9% isn't terrible with  your current scores.  To achieve 5.99%-7.25% might be a tuff ask at the moment. I would recommend working to better your scores. Buying now if you must and working on your scores to refiinance later isn't a bad option as well if you have to purchase now.

[cashorcharge]

Considering your score is under 700...getting those "preferred" rates may be a stretch...even considering that Jeep is likely approving everyone it can that wants to buy a car these days.  

While 9% is not ideal...with a 625 score...it doesn't seem egregious