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Friday, November 6, 2009

What is the highest interest rate for a subprime auto loan?

I have really horrible credit due to my divorce...like 400! I am working very hard to build it back up. I was "approved" for a subprime auto loan but I want to know what I can expect the interest rate to be on a used auto. What is the highest ( worst ) it can be? Are we talking 30% or more? I live in New York if that matters.





Thanks so much for your help!

What is the highest interest rate for a subprime auto loan?
With your score it will be what ever your States maximum rate is.
Reply:Not sure. You're best bet is to check with GE.


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