credit score?
If i have a credit score of about 700 what kind of auto loan can i recieve ? would it be lower intrest rate? also what is tier 1 credit? what about the so called "good deals at the dealerships with cash back 0% intrest " would i fit into that or would i need better credit
Public Comments
- 740 and up is considered the best...at 700 you should still get a very competitive rate
- You'll have banks fighting over you, which means lower interest rate. Can't help you out on the tier 1 thing.
- Go to my profile and look at the url for finance. There are many competitive rates around at the moment and with 700 you should be able to lock a good interest and repayment rate.
- 700 is a good score and you should be able to get a pretty good loan as long as you have the income to back it up. As for Tier 1 there is really not a standard. Tier 1 to one company may not be Tier 1 to another company. It is a term some companies give to the top level of people. They may call it Tier 1 as the best, then Tier 2... This is similar to Prime & Sub-Prime lending or an A,B,C Rating.
- If you have a 700 credit score then you could pretty much get any car that you want. you have no reason to pay more that 12% interest for anyone yet that is still high. Now if you are a home owner you could pay 5%-9% interest rate for your new car. You would pay $300-$400 per month for your new car at a car lot but my way you could spend $100-$200 per month for the same car. i specialize in saving money and making your money make more sense. TyricaFinancial Tyricalove@yahoo.com 888-420-4573 Ext. 104
