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Most sources of automotive credit are now tier-based systems primarily dependant upon your bureau scores (TRW, EXPERIAN, EQUIFAX, etc.). Typically, current new car finance rates hover around the 5% range. Don't assume that you are going to get 0, 0.9, or 1.9 on a hot new product like the C6. When you see rates like that it is to move aging inventory! So your score-based tier can have a dramatic impact on the interest rate you will get. Of course, if you can stroke a check, then good for you. Or tap some equity line you might have on your home, etc.
At the 5% range you can use a rough guide of $20.00 payment reduction for every $1000 you put down.
Your score will depend on payment history, previous high-credit (house, car - NOT dept. store cards!) and any outstanding derogatory issues such as BK's, charge-offs, and lates. Obviously your I/D ratios also come into play.
Sorry to bore you but it is rare that any two people will make identical payments even if the cars and selling prices are.
Cheers
Jim
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`06 VY Z06 / Hurricane intake/LG + cats/BB Bullets/some blingey things
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