Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
Memy2013

0 Contributions
0 People Helped
My credit score is 626 what kind of apr am I looking at for a car loan of 20,000 with 10, 0000 down

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
79 Contributions
31 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

It depends on a lot of other factors as well (like your income, mortgage/rent payment, and other debt obligations).  It also varies wildly depending on if it is a new or used vehicle, how old the used vehicle is and how many miles it has on it.  You will always get lower rates on new vehicles in my experience.

I am a big fan of using local credit unions.  You can call a loan officer at one, or at a place you currently bank and ask what the market rate is for your credit score range (If they say they can't tell you until running your credit just ask them for a range, that has worked for me).

Top Contributor
7816 Contributions
1456 People Helped

Let me add to what was said: most auto lenders use a version of FICO scores, not the scores that you get here.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.