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Posted in Auto Loans
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dodgersfan559

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what interest rate would i get with my mine being 690 and my moms being 670 on a 12k used car?
my mom has to cosign for me since i barely started my job and her signing will help with the financial part of the loan

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Its not just the score that is important to the interest rate, it is everything else that is in your credit profile.   I'd suspect 8-13% given best case scenario and used cars usually get higher interest then a new one.  

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Rough guess 10%

First off, read in the site and forums, that there is no one score.  Just because you show those scores here, it is only a guide, and it all depends on what scoring model (of 10 main and 100s of varations) the bank you get a quote from uses.  So not even between banks, could one tell you what rate another will give you.

From my own experiance car lenders were generally ~30% lower and home lenders ~30% higher than what Credit Karma showed.

Excellent credit gets you 1-3% on a new car.  4-6% on a used. But your scores are about 150 below an excellent per the Vantage3.0 madel Credit Karmam uses.

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