Getting ready to finance a used car - NEED ADVICE

[glamchick]

I currently have 1 car payment left and I found a used car i want to purchase.

My scores are 665, 661  and 655  what kind of percentage rate do you think I will get?

The car I want is 13,000 and I was going to put 1000 down.  I am trying to keep my payment under $300 a month.  Do you think this is possible?

Message Edited by glamchick on 05-12-2008 08:39 AM

[Anonymous]

The APR on your auto loan will vary depending on what year the car is. I would assume anywhere between 7-9% for a 2005-2007 (dealer purchase).

With a $300 limit you should be able to walk away with a loan good for 12k @ 8% and 48mo term. $250 if you bump to 60 months....

[Anonymous]

If you belong to a credit union go to them first and ask about a loan, that gives you more leverage at the dealer knowing what you can spend and how much it'll cost you ahead of time