Financial Information
It is a 6.9 percent pay a good price for the car and get a first car buyer?
I bought my car 2 weeks ago. I gave the dealer with 5000 DLL as a deposit and I had A 740 credit. They gave me six years at a rate of 6.9 to repay.
response from Sage
for a credit of six years and a buyer with 740 for the first time to write is actually quite reasonable. Can you do better? Maybe … but you need a vehicle with a certain promotional interest rate and / or accept a short-term financing to acquire. The “standard” rate for highly skilled workers from new cars will run between 5-6%. Given the extreme danger of inflation and rising interest rates, capital of the funding for such a long-term a very reasonable thing to do. In addition to finance your vehicle purchase, you may also like a little inflation and interest rates look “of reporting.” You can make it better, but you have néanmoins.Bonne very good chance. I hope this helps.
Because of the amount you put down and your decent credit score, you probably could have done a little better. However, part of the equation is your debt/income ratio, which depends on your income and your other debt.
If you would have gone to a credit union to get approved for financing before shopping, you probably could have gotten a rate closer to 5%.
For future reference, you should never finance a vehicle more than 60 months unless you are getting 0%.