Can you pick your APR (finance rate) when purchasing a used car?
Question by aj_lets_go_buying: Can you pick your APR (finance price) when buying a utilised automobile?
I am looking on the internet and the payment estimate calculator asks for the APR.
I’m just browsing for the future.
Very best solution:
Solution by matty21620
no it depends on your credit you can pick the months to shell out it off
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Tags: Finance, pick, Purchasing, rate, used
Comments (2)
You can negotiate with the lender. Before you go to the lender though & even before you begin to shop for a new or used vehicle you should always have an up to date check done on your credit rating & FICO score…the small investment in time & cost could save you from a few hundred to well over one thousand.
When you know these facts you have much more barginning power in terms of rates on loans etc..shop around for the best rate you can get…if all other things are even go with the lender who is willing to give you the lowest rate. Just be sure to read the fine print before signing anything.
No your past credit history will decide that, but you can go shopping for loans just like you do for shoes. Your local bank is a good first choice, so is a credit union, Decide how much you can afford to pay monthly first and then see what they will loan you. When you go car shopping tell the dealer how much you have to work with and then don’t ever, ever go over that. Make them include tax license and title in it too. The salesman will work hard to get that money away from you so don’t be afraid to walk away from a bad deal.