Quote:
Originally Posted by Chauntalei
My APR is 10.5%, credit is terrible. Dealership didn't care though, because I put half of the cost down in cash.
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What's your credit score? Dealership doesn't care because they're getting paid. They don't care if you put 0 down or $10k down, as long as they get paid (the larger down payment helps with selling a loan if you have bad credit though). They're probably also getting a kickback on that rate from the lender.
Quote:
Originally Posted by ihaskrayon
My credit score is great and I got 2.9%. I could have gotten better if I had gone to a credit union, but this rate is perfectly acceptable for a 60mo term imo
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You're ok paying extra just because it's fair enough? If someone were selling the same car across town for $500 less, would you have been like, eh, this process is fair so I'll buy it here anyway?