Question
Better interest rate for second auto loan?
I paid off an auto loan of $11,500.00 over a year and a half ago and want to get a second car now. I made all my payments each month on time and paid the car off almost 1 year early. The lender I had was basically for people with bad credit and the interest rate was very high at 23%. If I try to get another car, will I be offered a better interest rate since I had a good history with paying off my last car? I still have a low credit score of 554 but have been trying to rebuild my credit by paying everything on time...
5 months ago - -1 answers

