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2 years past BK7 - Scores 680-700. What sort of APR can I get on a private party auto loan?

dudebro
Valued Member

2 years past BK7 - Scores 680-700. What sort of APR can I get on a private party auto loan?

I'm looking at buying a car. I have enough cash to pay for it, but prefer to get a loan and keep the cash invested.

 

Anyone have any idea what sort of APR I can expect?

 

I'm 23 months post BK7 discharge

My scores are 680-700

I have 1% utilization on 25k available unsecured

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Shooting-For-800
Senior Contributor

Re: 2 years past BK7 - Scores 680-700. What sort of APR can I get on a private party auto loan?

I got 2.49% for 72 months on a new car with no money down from Capital One with similar scores to yours.

 

I would guess you should be able to get 5-8% on a good used car.

 

Are you making more than 10% on your investments?

 

If not, I would pay at least half cash and finance the rest for your CR.

 

GL!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

5% Rotating - Discover                         5%-20% - Amazon & Lowes                   3-6% Groceries - NFCU & Amex Preferred
3-5% Gas - NFCU & Ducks Unl            4% Dining & Entertain - Savor               3% Travel & Hotels - Flagship, Propel, & Uber
2% Everything - Flagship, Synchrony, Evergreen, & Venture



Message 2 of 4
dudebro
Valued Member

Re: 2 years past BK7 - Scores 680-700. What sort of APR can I get on a private party auto loan?

Thanks for the info. Do you have a BK on your CR?

Message 3 of 4
Shooting-For-800
Senior Contributor

Re: 2 years past BK7 - Scores 680-700. What sort of APR can I get on a private party auto loan?

I bought the car 2.5 years after BK file date.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

5% Rotating - Discover                         5%-20% - Amazon & Lowes                   3-6% Groceries - NFCU & Amex Preferred
3-5% Gas - NFCU & Ducks Unl            4% Dining & Entertain - Savor               3% Travel & Hotels - Flagship, Propel, & Uber
2% Everything - Flagship, Synchrony, Evergreen, & Venture



Message 4 of 4
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