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Posted in Auto Loans
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Phraveen

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suggestion for new car buyer in finance with 724 credit karma score, what APR to expect.
Hi,
Shopping for a new car around $32K in finance option & zero down payment. MY Credit Karma score is 725.
What APR can i expect to seal the deal with 60 months payment option.

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Try the Loan simulator

Helpful to 2 out of 2 people

At the top of the page find "Loans" in the banner.  Click Auto loans,  on the left side of the page fill in the Q's and it will give you rates you can expect. 

When you actually want to get a loan, I suggest that you get yourself PreQualified at a local bank or better yet a Credit Union. (better rates) .  

If you walk in to the car dealer, they will shop your loan and you could end up with as many as 20 inquiries on your credit report. When it comes time to negotiate a price, You will know what you are qualified for and deal as if you are paying cash. Remember too, You don't have to pay every cent you are qualified for,  you can negotiate a lower Price and take a smaller loan. and a lower payment.   With your score you'd do better with a Credit Union or your bank that an dealer financed loan, specially if you are already thier customer. 

Good luck 

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