Is that the point of having good credit when buying a car?
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If I have great credit will my car note be cheaper
- Thread starter Robo Squirrel
- Start date
Better interest rate.
$20,000 car
good credit $20,000 x 3% ish
bad credit $20,000 x 10% ish
If I wasn’t lazy I would write it all out but yeah
$20,000 car
good credit $20,000 x 3% ish
bad credit $20,000 x 10% ish
If I wasn’t lazy I would write it all out but yeah
I don't think credit changes the price of the car. For the most part good credit makes it possible for you to get the car but you can have a lower down payment and a better interest rate. Your note will probably be more than someone with a substantial down payment.
Buying outright? No.
If they ask to run your credit while you are trying to purchase, deny it.
But financing a loan? Yes it matters alot. Get pre-qualified online cuz they pull shyt in office and give black people bad rates
Contrefaire
Superstar
Good credit = better interest rate when financing which means a lower car note with more of you monthly payment going toward the principal.
However the best way to ensure a low(er) monthly payment is to come in with a sizeable down payment.
However the best way to ensure a low(er) monthly payment is to come in with a sizeable down payment.
CouldBeWorse
Superstar
Edit: wrong thread
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Yeah some cars u can't get without good credit I believe. You can't get a hellcat without a 700+ credit score. I mean unless you are paying cash or put down a shyt load of $.
Yeah I was doing online research and some dude said the same thing about telling them not to run credit at first. Why? I know if you have PERFECT CREDIT you can literally drive a brand new car (depends) off the lot without paying a single dime.
