else, what do you think my chances on apr would be on a 2006 used vehical infintie M35 20K CAR BUT TRYIN TO TALK THEM DOWN TO 18 OR MAYBE LOWER what do you guys think are my chances on being approved wit a low intrest rate?
First
VERY FEW CAR DEALERSHIPS HAVE THOUSANDS AND THOUSANDS OF DOLLARS IN MARK UP IN THEIR USED CARS. Their goal is to sell them ASAP as they are depreciating every minute they sit on the lot. Most dealerships have between 2K-3k in mark up on a used vehicle and where your vehicle is priced may already be marked down to move. So the flexibility of the delaership matters in how much they have in the car already to what they are going to mark it down as.
never get your hopes up you can negotiate down thousands on a used car.
In regards to you getting financing We would need to know many additional facts:
1-Do you have a down payment?
2-have you ever had any other car loan credit?
3-Have you ever had any other credit mix?
4-Are you employed?
5-Do you make at least 2000 a month gross
6 Do you clear enough each month to pay your current obligation including rent and taking on a car payment and car insurance?
7- What is your job history?
What is your idea of a "good" used car interest rate? have you seen what other banks and credit unions are offering.
if you have very little actual credit in 1-3 of my points, but have a job where you make good money you should not have a huge problem, you may not qualify for the best rate though.
