what kind of interest rate on car loan can i expect???

[betterthanu]

hey bros, i am looking to buy an a6 which is 3 years old. Great shape and great mileage, but my credit is jacked up. I have about $7,000 in collections that are showing up on my report even though they were fulfilled so my credit is jacked up. What kind of rate can i expect and can I even get financing through audi. I make about $104,000 a year salary plus bonus so the money isn't an issue. What kind of rate, and where should I get financing????

[Sensational]

Originally Posted by betterthanu

hey bros, i am looking to buy an a6 which is 3 years old. Great shape and great mileage, but my credit is jacked up. I have about $7,000 in collections that are showing up on my report even though they were fulfilled so my credit is jacked up. What kind of rate can i expect and can I even get financing through audi. I make about $104,000 a year salary plus bonus so the money isn't an issue. What kind of rate, and where should I get financing????

You should be able to get financing, but you might have to front a hefty down payment. Your salary should probably save you~Sensational

[KCSMAN]

I Just Bought A New Vehicle And I Went Through The Bank Instead Of A Dealer. I Am Paying 8.5%. I Had To Have 10% Down... I Don't Know If This Will Help You Or Not. I Have Bad Credit Too.

[rolldice]

well it just so happens I am a finance manager at a car dealership. It all depends on your credit score as far as rate. what else do you have besides the collections? Do you know your score? what is the amount financed compared to loan value?

[Kayz]

Originally Posted by rolldice

well it just so happens I am a finance manager at a car dealership. It all depends on your credit score as far as rate. what else do you have besides the collections? Do you know your score? what is the amount financed compared to loan value?

Jesus fucking Christ, they'll let anybody work at these places!!!!

Wud up Dice, where you been bro????

[betterthanu]

my credit score is around 585 middle with my beacon being around 605. I am able to put down about 20% on the car so the ltv on a $24,000 car would roughly be 80%. let me know, thanks alot guys.

[dukebrown99]

For a used car you ar lucky to get under 8% I have seen 6.5% for used but the norm for used is 7.5%-10%
You could do like me and buy old junkers in cash. MY first was $1,100, my 10yr old new to me cost $3,200.

[rolldice]

what up kayz!!!

if your score is in that area then i woud venture the rate to be around 14% as an average

[nj juice]

Aren't used cars bad with the interest rates anyways, i always see commercials for honda, they offer 5.9% financing on their used cars, but only for those who qualify.......