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Auto Loan Rate

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xkaosx
Regular Contributor

Auto Loan Rate

So my credit scores are all below 600 and I am trying to finance a "newer" car

I foudn a 2004 Civic and a place that would finance me for 60 months at 11.99% at $270 a month

Is this a good deal for me?

 

 

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Anonymous
Not applicable

Re: Auto Loan Rate


@xkaosx wrote:

So my credit scores are all below 600 and I am trying to finance a "newer" car

I foudn a 2004 Civic and a place that would finance me for 60 months at 11.99% at $270 a month

Is this a good deal for me?

 

 


Is it?


Sub 600 score 11.99 is a good rate, but honest how many miles are on the car? a 6 model year only car is not exactly newer the car will be 12 years old wen you pay it off

 

You could probably get a new Ford Focus for a similar payment.

Message 2 of 3
Anonymous
Not applicable

Re: Auto Loan Rate

I agree... you might want to go to a Ford dealer as Ford Credit will

usually finance under 600 credit scores... especially on a brand new

vehicle like a Focus.  Then you would have a brand new car with a good

warranty.  A 2004 car is getting pretty old and stuff is bound to start

going wrong, Honda or not.  

Message 3 of 3
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