Hi everyone. I am a 21 year old about to purchase my first car. I will be financing 4,000 or 5,000 dollars and paying the rest in cash if that makes a difference. I have never made a major purchase before like this, but I have never been late on my utilities, rent, or internet, and I've been renting my own apartment since I was 19 (Does this factor into my credit rating at all?) Sorry but I am rather clueless. I am just looking for a ballpark estimate on what I'd be expecting to pay for an interest rate on a car given this info. Thanks for the help.
What sort of interest rate could I expect on a car loan?
- Thread starter Jennifer
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