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New Car Loan

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Troy28 Guest	Posted: Tue Sep 20, 2011 11:58 pm    Post subject: New Car Loan Like 0 Dislike 0 I'm planning to buy a new vehicle in a month or two. I have a okay credit score - middle score of 686. I have been approved for a car loan for a loan term of 60 months with an interest rate of 4.5%. This was 2 months back when I had a credit score of 650. Now that my credit score has raised to 686, should I try to qualify for a better rate? Will this difference in credit score matter? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sara Moderator Joined: 05 Jul 2006 Posts: 2694 Location: New Brunswick, New Jersey 496.42 Dollars($)	Posted: Wed Sep 21, 2011 1:30 am    Post subject: Like 0 Dislike 0 Hi Troy, I will suggest you to contact your lender and have a word with him regarding your improved credit score. You can contact that lender for a better interest rate. If you wish, then you can even contact other lenders for better interest rates. Shopping with other lenders will let you know what type of rates they will be offering you and then you can chose the best options accordingly. Take care _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
joshuaheckathorn Joined: 09 Feb 2010 Posts: 106 Location: Seattle, WA 18.81 Dollars($)	Posted: Wed Sep 21, 2011 10:13 am    Post subject: Like 0 Dislike 0 Yes, it's definitely worth looking into. Auto rates have bee dropping recently as well, so I have a good feeling you'll find a better rate. _________________ Creditnet.com: Compare the best credit cards and apply securely online.
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Tue Sep 27, 2011 1:03 pm    Post subject: Car Loan Like 0 Dislike 0 This is a forum to ask questions about mortgages. We know what credit scores do for mortgages. We have no idea what credit scores do for car loans other than if your score is better, it never hurts to ask the auto dealer. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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