If my credit score is a 614 am I gonna get screwed getting a deal on a car??

I am in the market for a new car; a lil undecided as to whether I should buy or lease. I was not sure how much my %26quot;fair%26quot; credit score would screw my financing.

If my credit score is a 614 am I gonna get screwed getting a deal on a car??

I can speak only for buying used cars through Carmax. Carmax does not have many new car franchises and I trust them over any dealer when it comes to financing.

I filed for bankruptcy and received discharge in 2006. Right now, I%26#039;m paying 15.45% through Carmax Auto Finance. I was a previous Carmax Auto Finance customer and they took another chance on me when other lenders like Bank of America rejected me.

I could have had 14.25% but that was a quote based on a $10,000 loan with 25% down.

With 614 credit, try your luck at a Carmax near you because they have no incentive to hike the interest rate. A friend of mine had credit scores in the high 500%26#039;s and she was able to get 11.25% in October 2006 even though she put $20 down on a $11,500 car.

If my credit score is a 614 am I gonna get screwed getting a deal on a car??

well i live in ohio and i dotn know wher eyou live but try to buy a car and if tehy say any thing more then 15% then your fuckedhardcore

If my credit score is a 614 am I gonna get screwed getting a deal on a car??

typically domestic car finance companies have better tiers for credit. i work for honda and they have 4 tiers. you%26#039;d be in the the third. it sounds like you may have not payed your bills on time in the past and the banks are concerned that the pattern could repeat, that is why the interest rate or money factor are raised for people with sub-par credit. the bank can recoupe money from the interest rate on the chance that you don%26#039;t make your payments.

just a little fyi

If my credit score is a 614 am I gonna get screwed getting a deal on a car??

with the right bank like toyata, chrysler ect you will get a good rate any other subprime you will get a 16-21% rate try car maax thier really good.......