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Auto Loan APR Question

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BearWebb85
Contributor

Auto Loan APR Question

My wife recently finished Grad School and has obtained her Master's in Clinical Psychology.  She did so on scholarships so no student loan debt!!!!  We have been putting money back that as a gift for her graduation we are planning to buy her a brand new SUV.  We have found the SUV we want and I was wondering if anyone could give me an idea of what kind of an APR we could expect on either/both a 3 year and 5 year loan.  Our information is as follows:

 

Combined Income: $90,000

My Credit Score: 660 TU

Her Credit Score: 715 TU

Car Price: $27,000

Down Payment: $11,000

 

I appreciate everyone's replies!

Start: (4-21-13): EQ 560 (FAKO) TU 544 (FAKO) EX 549 (FAKO)
Current: (8-27-13): EQ 650 (FICO) TU 677 (FICO) EX 643 (FICO)
1st Goal: Purchase my first home (Done on 9/3/13)
2nd Goal: 700 across the board
Message 1 of 2
1 REPLY 1
SamsungHDTV
Established Contributor

Re: Auto Loan APR Question


@BearWebb85 wrote:

My wife recently finished Grad School and has obtained her Master's in Clinical Psychology.  She did so on scholarships so no student loan debt!!!!  We have been putting money back that as a gift for her graduation we are planning to buy her a brand new SUV.  We have found the SUV we want and I was wondering if anyone could give me an idea of what kind of an APR we could expect on either/both a 3 year and 5 year loan.  Our information is as follows:

 

Combined Income: $90,000

My Credit Score: 660 TU

Her Credit Score: 715 TU

Car Price: $27,000

Down Payment: $11,000

 

I appreciate everyone's replies!


Her credit is good, yours is fair. Yall should have no trouble getting around 2%. Don't accept anything above 3%. And your down payment is great.  

Message 2 of 2
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