Many factors go into determining your interest rate. The first factor is your credit score and your history of paying bills on time. The second is your debt-to-income ratio. And then you have to factor in the vehicle itself. The age of the vehicle and miles determine the length of the loan. When seeking a vehicle loan, it’s essential to recognize that having a good job alone is not enough and many other factors are taken into consideration.
If you have a current auto loan or any charge offs or repos, I would love you help you with your next vehicle purchase and get your credit moving in the right direction.
This content was provided by Josh Lewis at Top Gear Auto Sales located in LeRoy, MN. For more information, contact 507-324-1800 or visit www.topgearautosalesllc.com.
Leave a Reply