What kind of interest rate can you get with a 623 credit score for an auto loan?

What is an average range for "fair" credit?

What kind of interest rate can you get with a 623 credit score for an auto loan?
Depends on new or used car. The best bet and fastest is go to a new car dealer(they sell used also) and apply there and see what they can come up with(they use many places to get the loans) --also depends on what other bills and your income (debt to income ratio) it could be 7-14% truly hard to say
Reply:Since your credit score is not exactly bad or good, you're looking anywhere from 7% to 28% depending on your financing institutions. Some lenders will offer you extremely low interest rates, but you should also be weary of these people as well; salesmen are experts at disguising poor product pricing and adverse limitations with "no money down", and "0% interest for the first year" statements. Seeing that you're interested in getting a car loan, you should first look into credit unions because in most cases they will offer you the best rate you're going to get throughout the term of your loan. If you cannot acquire financing through a credit union, deal with your own bank. As long as you're within good standing, the bank you've always dealt with has built rapport between you, and you should be able to get a reasonable interest rate. If all else fails, you can take advantage of the dealerships and their sales letters, but be careful, read everything, and deal with interest, car price, and conditions one at a time; dealers love to bundle them up to hide fault in the agreement.





For more information, try http://www.creditor-911.com
Reply:So you have bad credit, right? Doesn't matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your way%26lt;!--you must do your homework first and then go well prepared for the loan. First, take out all the copies of your credit report from all the three reputed agencies, instead of having the report from just one agency only. The loan provider may ask for the report from any agency.





http://badcreditloans.awardspace.com/





Check the report thoroughly for any inaccuracies in it. Make sure that all the past payments find a correct mention in it. Secondly, apply for the loans with an improved FICO score. Because of late payments, arrears--%26gt;payment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers' confidence to some extent and the approval may be easier to come.
Reply:It would depend on the type of car and type of loan too. But it will range something between 8 to 12%. Below are some of the sources which can provide you an auto loan with low interest rate.


http://autoloan123.net


http://autofinancing123.com

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