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Possible interest rate on car loan?

What is the highest interest rate I could get with 521 credit score? I will have a cosigner with good credit but I would still like to know.

3 Answers

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  • 1 decade ago
    Favorite Answer

    Auto finance is what I do for a living and with the limited amount of information you have provided there is no one here that can answer your question.

    I can however tell you what auto loans are based on;

    !. LTV (loan to value).

    2. Term of loan.

    3. Age of vehicle.

    4. Miles on vehicle.

    5. Down payment.

    6. Time at residence.

    7. Time on job.

    8. Monthly income before taxes.

    9. Credit score/profile.

    10. Total debt to income ratio.

    Based on your low score and depending on how strong your co-signer is and how the above is submitted to the lenders you could be looking at anywhere from 12.95% to whatever your State maximum rate allowed is.

    Good luck.

    Source(s): Finance Manager for a car dealer for over 8-years.
  • 5 years ago

    1

    Source(s): Fast Easy Car Loan : http://carloan.trustdd.com/?PsOj
  • Anonymous
    1 decade ago

    It'll be in the teens. With your credit, you'd be FAR better off to pay cash for this car. Don't have the cash? no worries, just don't buy the car.

    Don't buy stuff you cannot afford.

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