How Your Credit Score Affects Auto Loan Interest Rates
Before applying for a car loan, it’s wise to check your credit score. That will give you a pretty good indication of where you stand in the eyes of potential lenders.. Many people assume that few car shoppers have good enough credit to qualify for the cheapest, lowest-interest auto loans, but that’s not so. According to Experian, one of the big three credit bureaus, about two-thirds of all new-car loans last year were given to p...