Auto Loan Rates
My credit score is 630, what auto loan rate should I get?
In California.
I know there are other factors, I’m looking for a general range. Expert, experienced advice desired, I know how to use search engines.
Auto finance is what I do for a living and there is not enough information for anyone to give you a accurate answer.
Auto loans are based on the following factors;
1. LTV (loan to value).
2. Term.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10 Total debt to income ratio.
Without knowing all of the above you could be anywhere from a decline to 21%.