Used car finance rates – RedFlagDeals.com Forums – Used car finance rates I am looking into buying a used car and putting some money down while financing the rest. I am looking at buying from a manufacture dealership (ie honda, vw, chrysler, etc) and was wondering what are the lowest rates nowadays that dealers are offering.
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Why Do Used Cars Have Higher Interest Rates? – Autotrader – Credit scores are another reason why new cars have lower rates than used ones. People with higher credit scores tend to go for new cars, while those with lower scores pick used ones. That isn’t always the case, as we know that many people with high credit scores buy used cars.
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Depending on your terms, the interest on your car loan can add up quite a bit.. gobankingrates explains why used cars typically have higher.
Interest rates from the bank on car loans are generally much higher than special interest rates for new car loans (eg manufacturer backed special interest rates). A few of the people in this thread got amazing rates, but it’s not reflective of what most people will get.
If you originally got your car loan when you credit score was low and you were trying to improve it then your interest rate is probably really high. Refinancing your car loan once your credit score has improved will not only allow you to get a lower interest rate, but a lower monthly payment and maybe even a nicer car.
How to get a Better Car Loan Rate Canada Motor Car, Used Car Dealership, Ontario. Getting a car loan in Ottawa when you have bad credit can be one of the best ways to re-establish your credit. However, the loan rate you received was probably less than fair, once you are over the joy from having a new car. A 22% car loan rate sure adds up quickly.
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Low credit auto loans are only available in major provinces like Alberta and Ontario. False. Our auto loan network operates in every province, so no matter where you live, you can get a loan. Non-bank car loans come with sky-high interest rates and weird, hard-to-understand term structures. False.