Overhaulin'

What will my car loan rate be?

I make 50K year, my credit score is now 653 (FICO). I filed bankruptcy about 1 1/2 years ago, and currently don't have much debt. I want to buy a used car for and do not want my payments to be over 300 a month. What would my interest rate be? Will it be over 9%?

Public Comments

1. Average credit score in USA today is 720. I think you will get 7.9% if you buy new. Maybe better. Buying used, you will be closer to 10%. /
2. Try this web page: www.myfico.com they have a lot of loan calulators (based on score) and forums. Good luck.
3. May be this site can help you http://www.thetechnology.net
4. A friend of mine with real bad credit used this site to get his car. You definitely don't need to get a loan through them, but just by filling out the form they'll give you a quote, so you can basically instantly see what your interest rate will be. I'd definitely give it a shot, you have nothing to lose: http://tinyurl.com/5km9ou