November 23, 2007
Determining Used Car Finance Rates
As a general rule of thumb the used car finance rates are approximately 2% to as much as 10% higher than the rates charged for new vehicles. While this may seem like a very large difference the standard factors that pertain to your interest rate such as credit history, time on job and time at your residence can all still impact your overall finance rate. Keeping your rate down to the lowest is only possible with good credit and a nice sized down payment.
